Tax Free Weekends, Coming to a State Near You!
Newsletter Announce

Posted 2 years ago by Jack in News

Check out our list of Back to School Sale Events to double up on savings! Or, view our Latest Deals to see all of our great deals.  Tax free + sale events + coupons = massive savings!

As of today, 16 states recognize tax-free holidays. So, if you’re lucky enough to live in one of those states, you can take advantage of the savings. Back-to-school shopping on the right weekend will save you quite a bit of change, so pay attention to the date of your state’s tax holidays since some are right around the corner.

States with a tax holiday of Aug. 5-7 are as follows: Alabama, Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee and Virginia (Iowa and Louisiana: Aug. 5-6, Arkansas: Aug 6-7). Mostly school-related items are the feature of these upcoming tax holidays.  See the chart below:

State Items and Maximum Cost (Per Item) 2011 Dates More Information
Alabama clothing – $100
computers – $750
school supplies – $50
books – $30
August 5-7 revenue.alabama.gov
Arkansas clothing and footwear – $100
Clothing accessories – $50
school supplies, art supplies, school instructional material
August 6-7 www.dfa.arkansas.gov
Connecticut clothing and footwear – $300 August 21-27 www.ct.gov
Florida school supplies – $15
clothing – $75
August 12-14 dor.myflorida.com
Iowa clothing – $100 August 5-6 www.iowaccess.org
Louisiana all TPP – $2,500
hurricane preparedness items – $1,500
August 5-6 revenue.louisiana.gov
Maryland clothing and footwear – $100 August 14-20 www.marylandtaxes.com
Massachusetts TVs, clothing, personal items – $2,500 August 13-14 www.mass.gov
Missouri clothing – $100
computers – $3,500
school supplies – $50
August 5-7 dor.mo.gov
New Mexico clothing – $100
computers – $1,000
school supplies – $15
August 5-7 www.tax.newmexico.gov
North Carolina clothing – $100
school supples – $100
instructional material – $300
computers – $3,500
other comp. – $250
sports equip – $50
August 5-7 www.dornc.com
Oklahoma clothing – $100 August 5-7 www.tax.ok.gov
South Carolina clothing
school supplies
computers
other (Check SC site for explicit items’ exemptions)
August 5-7 www.sctax.org
Tennessee clothing – $100
school supplies – $100
computers – $1,500
August 5-7 tn.gov
Texas clothing, backpacks, and school supplies – $100 August 19-21 www.window.state.tx.us
Virginia clothing – $100
school supplies – $20
August 5-7 www.tax.virginia.gov



Before you get too excited though, I should make note of the fact that most states place a dollar limit on what is tax-exempt. For example, Alabama’s tax holiday offers a tax break on any articles of clothing $100 or less. This means that a pair of jeans costing $125 would be taxed but a jacket for $99 would be tax-free, so be aware of any specific rules your state may have during tax holidays.

Over the years, tax holidays have grown to include all kinds of things from Energy Star appliances, generators, and hurricane supplies to air conditioners, computers, and firearms (Louisiana only). Each state will specify a list of items that are tax exempt each tax holiday, so it’s just a matter of knowing what to buy when.

THE HISTORY

January 1997 marked the first ever Tax Holiday. It occurred in New York, and since then a total of 16 states have enacted similar tax-free legislations. Most of the 16 tax-free friendly states offer tax-free weekends in August, in order to provide tax breaks on certain necessities like school supplies, books and clothing.

In more recent years, states like Texas, Virginia, Maryland and Missouri have extended this idea to include Energy Star appliances. The main purpose of tax holidays is to provide tax relief to low and middle income households on certain necessities, but that doesn’t prevent everyone from reaping the benefits.

DOUBLE-UP ON SAVINGS ON TAX FREE DAYS!

In addition to tax-free shopping days, many retailers (local and national) will be promoting special back-to-school and tax-free weekend sales. At BargainJack.com, we’ll be monitoring all the top sales and promotional events going on at your local retail stores!  Be sure to check back early and often to find out what kind of great savings you can find–tax free, of course!

With sales tax producing an average of half or more of states’ revenues, it is the silent killer when it comes to taxes.  So, while tax holidays may be far and few between a little planning could turn into hundreds of dollars saved each year.


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>