Tag

Tax Free Shopping 2019

Browsing

As we head into back-to-school season, the next few weeks become the busiest time of the year for tax free shopping! We’re here to make sure you have all the information you need to take advantage of some potentially massive discounts.

How do Tax-Free Days Work?

These annual holidays (sometimes referred to as “sales tax holidays“) present a great opportunity for consumers to take advantage of lower pricing on items such as clothing, school supplies, shoes, and other goods. By removing sales tax from the price of certain items at this time of year, retailers help lower the expense burden on parents for back to school shopping.

There are certain state laws a retailer must follow in order to qualify for sales tax promotions. This often means that they will offer a retail sale at the same time as their tax-free shopping period, making the savings for consumers truly spectacular!

An example of this would be a state who’s guidelines specify that only personal items costing under $100 are eligible for tax-free shopping.

A retailer may, therefore, offer shoes for $99 that ordinarily sell for $150 so that they qualify. Thus, if the normal sales tax rate is 7%, your total bill would go from $160.50 down to $99. 

Which States Offer Tax-Free Weekends in 2019?

If you don’t live in one of the 17 states that’s offering a tax-free holiday this year, you can visit one that does in order to do your shopping and you won’t have to pay sales tax on those items as long as they are eligible under the state’s tax-free shopping guidelines.

The following states offer tax-free days between now and the end of August:
  • Arkansas
  • Connecticut
  • Florida
  • Iowa
  • Maryland
  • Massachusetts
  • Mississippi
  • Missouri
  • New Mexico
  • Ohio
  • Oklahoma
  • South Carolina
  • Texas
  • Virginia
Here are the specific details of each state’s tax-free shopping days

Arkansas

Connecticut

Florida

  • Dates: August 2 to August 6
  • What items are eligible? Clothing under $60, certain school supplies under $15, and computers selling for $1,000 or less, according to the Florida Department of Revenue.

Iowa

  • Dates: August 2 to August 3
  • What items are eligible? Clothing and footwear under $100, according to the Iowa Department of Revenue.

Maryland

  • Dates: August 11 to August 17
  • What items are eligible? Clothing and footwear under $100, according to the website for the Comptroller of Maryland.

Massachusetts

  • Dates: August 17 to August 18
  • What items are eligible? “Personal use items” costing $2,500 or less, according to the website for the Commonwealth of Massachusetts.

Mississippi

  • Dates: August 30 to Sept. 1
  • What items are eligible? Mississippi is unique and dedicating it’s tax-free days to firearms, ammunition and hunting supplies, according to the Mississippi Department of Revenue.

Missouri

  • Dates: August 2 to August 4
  • What items are eligible? Clothing under $100, computers under $1,500 and school supplies under $50, according to the Missouri Department of Revenue.

New Mexico

  • Dates: August 2 to August 4
  • What items are eligible? Clothing under $100, computers under $1,000, computer peripherals under $500 and school supplies under $30, according to New Mexico’s Taxation and Revenue Department.

Ohio

  • Dates: August 2 to August 4
  • What items are eligible? Clothing under $75 and school supplies under $20, according to the Ohio Department of Taxation.

Oklahoma

  • Dates: August 2 to August 4
  • What items are eligible? Clothing under $100, according to the Oklahoma Tax Commission.

South Carolina

Texas

  • Dates: August 9 to August 11
  • What items are eligible? Clothing, backpacks and school supplies under $100, according to the Texas Comptroller.

Virginia

  • Dates: August 2 to August 4
  • What items are eligible? Clothing under $100, school supplies under $20, Energy Star products under $2,500, hurricane preparedness items under $60, and generators under $1,000, according to the Virginia Department of Taxation.

Looking for other ways to save money? You don’t want to miss our secret mortgage hack that can possibly save you thousands!