How To Make the Most of Tax-Free Weekends
In just a few short weeks the kiddos will be going back to school.
This will be my second year sending both kids to school and as I was looking over their supply list, my heart started to beat a little faster at the number of items I needed to buy. I get the hives thinking about dropping $150 at Target for back-to-school shopping.
And that isn’t surprising since the average American family will spend $600 on back-to-school shopping. And while it seems like every store has awesome sales and bargains, it is easy to go over budget if you don’t plan accordingly.
One way to save is to utilize Tax-Free Weekends. Tax-Free Weekends are specific dates (which vary by state) that certain items are excluded from sales tax. And while that doesn’t seem like a ton of money, it can add up. The sales tax in my city is 9.25%. So by choosing to shop for big ticket items during those weekends, I save almost 10% off my total bill.
In order to get the most out of your tax-free weekend, make a plan. Include bigger ticket items or items that do not usually go on sale or have coupons. For example, choose to buy your new laptop during the tax-free weekend, not 3-ring binder filler paper.
Make sure to check your state for individual items that will be part of the tax-free program, but in general they include:
Clothing – any article having a taxable value of $100 or less
School supplies – not to exceed $50 per purchase
Computer software – taxable value of $350 or less
Personal computers – not to exceed $3,500
Computer peripheral devices – not to exceed $3,500