Grab Your Wallets: Tax-Free Shopping Holidays Start Soon

Ready for back to school shopping? According to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics, total spending for K-12 schools and college reached $82.8 billion in 2018, nearly as high as 2017’s $83.6 billion. With those expenses looming, parents are often looking for opportunities to save some cash. One of the ways that they do it? Sales tax holidays.

Here’s a look at states offering taxpayers a break on sales tax for back-to-school items this year:

(A handful of states which offered a sales tax holiday in 2018 have not yet confirmed a 2019 date.)

Keep in mind that some states have no statewide sales tax (Alaska, Delaware, Montana, New Hampshire, and Oregon) while others (like Pennsylvania and Vermont) already exempt some necessities like clothing. Still, others offer special exemptions for hurricane supplies, Energy Star appliances, and other items. This list is meant to provide general guidelines for state sales tax holidays. Some states are pretty specific about what you can exempt so be sure to click on the links to your individual state’s revenue announcement for more details. Also keep in mind that some states offer counties and towns the option not to participate, so again, check with your state if you have questions.

I’ll continue to update the list as information is made available (feel free to reach out to me with changes or updates that you notice). Happy shopping!

Source: Forbes.com

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