Sales tax holidays help trim back-to-school costs

Published August 4, 2011 by
Personal Finance

NEW YORK (AP) ? Having trouble figuring out how to fit all the supplies, clothes and other back-to-school necessities into the family budget? Your state may be trying to help.

At least 16 states have sales-tax holidays planned for the coming weeks, most of them specifically targeting items like clothing and school supplies.

BEGINS THIS WEEKEND

Alabama, Arkansas, Iowa, Louisiana, Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee and Virginia waive sales tax Friday through Sunday on certain purchases.

In some states, such as Oklahoma, the holiday is only on clothing up to $100, while Tennessee is suspending the sales tax on clothing and school supplies up to $100, and computers up to $1,500.

One state, Mississippi, already held its sales tax holiday in late July.

DETAILS ONLINE

The Federation of Tax Administrators, an organization of state tax administrators and other government tax professionals, has a chart online with information on each state’s programs. The page also includes links to the various state tax agencies, where more details can be found. Visit http://www.taxadmin.org/fta/rate/sales_holiday.html .

Share Post:
N