Enjoy Tax Savings on School Supplies

blackboardWith July 4th well behind us, retailers are packing up the grills and hammocks and pulling out the “Back to School” banners. I do my best to shield my boys’ eyes when we walk through Target (why ruin their summer bliss); that doesn’t mean I’m not scouting out the back to school deals now. 

For a couponing, penny pincher like me, a tax free weekend is the time to really save. When you drop over $50 on a pair of tennis shoes (because the cheap ones don’t stand a chance on my boys), every dollar saved goes back into the fund. The shoe fund, that is, because I have to buy another pair in a few months due to the absurd growth rate of children. 

Speaking of shoes, what is covered under the “school supplies” list varies from state to state. Before you head out, click on each state in the list below to check their website for the rules and the details of their sales tax holiday. Certain states have extended their list of items while others have changed their dates. Some local taxes and restrictions may still apply.  

To maximize your savings, grab your sales papers (or search for web sites that do that for you) and hit the stores that offer large discounts or price matching on your most needed essentials. Sure, it might take a bit of research and planning but hopefully the savings will be well worth it. 

Here’s a list of participating states and the dates they are offering the sales tax break: 

  • Alabama: Friday, August 2, - Sunday, August 4 
  • Arkansas: Saturday, August 3, - Sunday, August 4 
  • Connecticut: Sunday, August 18, - Saturday, August 24 
  • Florida: Friday, August 2, - Sunday, August 4 
  • Georgia: Friday, August 9, - Saturday, August 10 
  • Iowa: Friday, August 2, - Saturday, August 3 
  • Louisiana: Friday, August 2, - Saturday, August 3 
  • Maryland: Sunday, August 11, - Saturday, August 17 
  • Mississippi: Friday, July 26, - Saturday, July 27 
  • Missouri: Friday, August 2, - Sunday, August 4 
  • North Carolina: Friday, August 2, - Sunday, August 4 
  • Oklahoma: Friday, August 2, - Sunday, August 4 
  • South Carolina: Friday, August 2, - Sunday, August 4 
  • Tennessee: Friday, August 2, - Sunday, August 4 
  • Texas: Friday, August 9, - Sunday, August 11 
  • Virginia: Friday, August 2, - Sunday, August 4 

On a side note, you don’t have to actually be headed back to school to enjoy the savings. As a business owner, your company may need supplies that are included on your state’s list. Take the holiday your state is giving you and enjoy the tax break. 

Posted To: Tax Mommy's Blog By: Stephanie Brenneman On: Thursday, July 18, 2013
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