It’s time for back-to-school deals!
Some states are going sales tax free for a weekend or full week in August. In comparison to sales tax ranging between 4% to 10% of your purchase, it means more bang for your buck.
What kind of deals can you get?
First off, you might wonder if this tax free weekend is limited to certain purchases. Each state is different but you can find out which purchases your state considers tax free.
However, you should be able to pick up the necessities. That being said, you can pick up clothing, school supplies and computer software. For example, you can keep a look out for deals on calculators, books, pens, pencils, backpacks, and even laptops and tablets.
Most importantly, set a budget and get organized. You can make shopping easier by making a list of all the items you need, apply for store rewards and use websites that offer cash back when shopping online to add more to your savings.
Approaching Tax Free Weekends
Maryland (August 11-17)
Maryland has a full week of tax-free shopping where you can buy clothing and footwear less than $100 and not pay taxes. Click here to see the list. Additionally, the first $40 of a backpack is tax free.
Massachusetts (August 10-11)
Purchases on specific items costing less than $2,500 per item are sales tax exempt.
Texas (August 9-11)
You can be exempt from sales tax for clothing, footwear, school supplies, and backpacks sold for less than $100.
The following states’ tax free weekends have passed: Alabama, Arkansas, Florida, Iowa, Mississippi, Missouri, New Mexico, Ohio, Oklahoma, South Carolina, Tennessee, and Virginia. The remainder of states left are not offering tax free weekends.
Mark those dates as a reminder!
Now you know how to save for your tax free weekend. Another way is to file your leftover tax returns that you may have forgotten about. Get to your back to school deals. When you’re ready to file and get your refund, we’re here to help.