With back-to-school season just ahead, it’s a great time to start looking for ways to save on end-of-summer purchases with Sales Tax Holidays in 2019.
What is a Sales Tax Holiday?
A Sales Tax Holiday is a limited-time period where a state allows sales tax to be waived or reduced on the purchase of certain items. Each state that participates in this event has its own list of qualified items.
Many states now offer Tax-Free Shopping Days or Tax-Free Weekends to help with back-to-school related expenses. Sales Tax Holidays are a great way to save money on certain items even if you’re not a student or do not have children in school.
Where can I find Tax-Free Holidays?
Check out our list below to find out if your state has an upcoming Sales Tax Holiday and what qualifies.
When is Alabama’s Tax-Free Weekend?
July 19 – 21
Alabama’s Tax-Free Holiday gives shoppers the opportunity to purchase certain school supplies, clothing, and computers free of state sales tax, as long as the item is under a certain dollar amount. Clothing must be under $100 per item, computers must be under $750 per item, and school supplies must be under $50 per item. Check out Alabama’s Department of Revenue for an in-depth explanation of what items are exempt during this tax holiday.
When is Mississippi’s Tax-Free Weekend?
During the two-day Tax-Free Holiday in July, clothing, and footwear under $100 qualify for this offer. You can find a complete guide on the Department of Revenue’s website.
When is Missouri’s Sales Tax Holiday?
Certain back-to-school purchases, such as clothing, school supplies, computers, and other items are exempt from sales tax starting on the first Friday in August.
When is Tennessee’s Sales Tax Holiday?
Tennessee is offering sales tax savings on clothing and footwear items that are $100 per item. School supplies under $100 and computers for personal use priced under $1,500 are also tax-free. For complete details, visit the Tennessee Department of Revenue website for more information about this Sales Tax Holiday.
When is Virginia’s weekend?
Virginia combines savings on both back-to-school and Energy Star Products in a three-day Tax-Free Weekend. Like most states, you can purchase clothing for under $100 per item and schools supplies for under $20 per item tax-free. You can also purchase Energy Star products, for personal use up to $2,500 or less, as well as select hurricane and emergency preparedness items tax-free during this time period. Check out the Virginia Department of Taxation website for details and information on how you can save during the Sales Tax Holiday this year.
If you could use help with fall expenses or simply do not want to miss the Sales Tax Holidays, we might be able to help! At Personal Finance Company, our skilled lending professionals work with you to find loan and payment options that fit your budget and needs. Call or stop by your local branch today to see how we can help, or apply online!
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