What states have Tax Free Shopping in 2010? It looks like there are 17 states will hold a Tax Free Shopping promotion. During this promotions, consumers will not pay sales tax on certain items for back to school which usual include some of the following: clothing, footwear, school supplies, computers and sports equipment. You will need to check your state for the specifics, each state has their own set of guidelines.
“The average family will spend $606 on back-to-school shopping for K-12 students this year, up from $549 last year, according to the National Retail Federation.”
In my area, the sales tax is 6% so I would be saving $36 by shopping during my Tax Free Days. This may not seem like a lot, but when every penny counts, the savings can really add up. You can use that $36 for something else your family really needs!
Here are some tips to help you get organized:
- Avoid Overspending:
This is probably the MOST important tip so I am starting with this! Research items you are thinking about getting so you know if they are a good deal. Don’t get caught up in the moment.
- Make a List:
Write down exactly what you need to get, reference school supply lists and don’t forget to clothing sizes and dress code requirements.
- Set a Budget:
It is very important to decide how much you will be spending. Even though reports say the average family will spend $606 – you don’t have to spend that much! Make it fun and try to see how little you can spend and still get what you need.
- Look at Your Sale Ads:
This is the SECOND BIGGEST consumer spending event for retailers. Many stores will offer “special promotions” or incentives for the Tax Free Holiday so be sure to check your ads.
- Know Your State’s Rules:
Reference your state’s tax website because there are limits in what is “allowed”. Check for max dollar amounts and items included in this promotion as they vary by state.
Here’s a List of the States Participating in Tax Free Weekend 2010. Just click on the state to go to your states specifics and get contact info. if you have further questions:
- Alabama (August 6-8) – Clothing $100, Computers $750, School Supplies $50, Books $30
- Connecticut (August 15-21) – Clothing and Footwear $300
- Florida (August 13-15) – Clothing and Books $50, School Supplies $10
- Illinois (August 6-15) – Clothing, Footwear and School Supplies $100
- Iowa (August 6-7) – Clothing $100
- Louisianna (August 6-7) – All TPP $2,500
- Maryland (August 8-14) – Clothing and Footwear $100
- Massachussetts (not signed officially yet) August 14-15, check with your state for details
- Missouri (August 6-8) – Clothing $100, Computers $3,500, School Supplies $50
- New Mexico (August 6-8) – Clothing $100, Computers $1,000, School Supplies $15
- North Carolina (August 6-8) – Clothing $100, School Supplies $100, Instructional Material $300, Computers $3,500, Other Computer $250, Sports Equipment $50
- Oklahoma (August 6-8) – Clothing $100
- South Carolina (August 6-8) – Clothing, School Supplies, Computers, Other
- Tennessee (August 6-8) – Clothing $100, School Supplies $100, Computers $1,500
- Texas (August 20-22) – Clothing, Backpacks and School Supplies $100
- Virginia (August 6-8) – Clothing $100, School Supplies $20