With the average back-to-school shopper expected to spend nearly $635 and back-to-college shoppers are expected to shell out close to $835, there’s no better time than the present to start preparing for your annual splurge on school supplies, apparel, electronics, and dorm furnishings. According to the National Retail Federation’s 2013 Back-to-School Survey, 24% of households with students already received the memo and have begun shopping for their kids’ impending return to the classroom, effectively setting the back-to-school shopping season into motion.
Back-to-school expenditures often add up far more quickly than many expect and can cause a lot of unnecessary stress on your wallet. In an effort to alleviate that stress, seventeen states are planning on making back-to-school shopping slightly less painful, not to mention encourage consumer spending and stimulate economic growth, by implementing tax-free holiday weekends in late July and throughout the month of August.
This is, quite literally, highly valuable news for shoppers living in states that have exorbitant combined state-local sales tax rates, like Tennessee (9.44%), Louisiana (8.69%), and Oklahoma (8.33%). For consumers whose bank accounts are regularly subjected to a slightly tighter squeeze than those of shoppers in states that have little to no sales tax, these tax-free holidays should come as a welcome moratorium on their usual sales tax.
You’ll find just below a little more info on the seventeen states implementing the tax-free holidays, including each state’s usual combined sales tax, the dates of the holiday, as well as the items you’ll be able to purchase tax-free.
P.S. Not lucky enough to live in a state with a timely August tax holiday? Many retailers offer discounts to students and teachers with school IDs. Check out our student and teacher discount lists for more details.
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