Current:Home > FinanceBack-to-school-shopping 2024: See which 17 states offer sales-tax holidays-LoTradeCoin
Back-to-school-shopping 2024: See which 17 states offer sales-tax holidays
View Date:2024-12-24 01:29:06
School kids will likely groan about back-to-school shopping, but several states are once again offering sales-tax holidays to help families save on school supplies.
Connecticut is the last of 17 states to have its sales-tax holiday, which starts on Aug. 18 and runs through Aug. 24. Maryland's tax-free holiday, which started on Aug. 11 continues through Aug. 17.
Most of the 17 states hosting the sales tax holidays this summer offer a break on sales tax for items related to school, like clothing, shoes, electronics and school supplies, according to the Federation of Tax Administrators. Two states – Ohio and Massachusetts – have expanded tax-free holidays that go beyond school-related purchases.
Each state sets its own dates which are generally in July or August. Many states have already had their tax holidays.
New Jersey no longer has a tax-free holiday for school supplies. Legislation earlier this year repealed it.
Families have already begun back-to-school shopping
As of early July, more than half, or 55%, of back-to-school and college shoppers had already begun to buy items for the school year, according to the National Retail Federation and Prosper Insights & Analytics' annual survey.
“Families and students are eager to get a jumpstart on their shopping for the start of the school year,'' Katherine Cullen, National Retail Federation (NRF) Vice President of Industry and Consumer Insights, said in a press release. "Retailers have anticipated this early demand and are well-positioned to offer a variety of products at competitive prices.”
Families with children in elementary through high school plan to spend an average of $874.68 on clothing, shoes, electronics and school supplies, according to the NRF. That's $15 less than last year's record of $890.07, but is the second-highest amount in the survey's history.
Total back-to-school spending is expected to reach $38.8 billion, also the second-highest on record after last year's high of $41.5 billion, the NRF said.
The most popular destinations for back-to-school shopping are online (57%), department stores (50%), discount stores (47%), clothing stores (42%) and electronic stores (23%).
College students and their families are expected to spend more. On average, they will spend $1,364.75, about the same as last year's $1,366.95. Total college back-to-school spending is expected to reach $86.6 billion, the second-highest after last year's $94 billion.
Consumers remain inflation wary while school-supply shopping
Consumers are feeling negative about the U.S. economy and are inflation weary, according to a new back-to-school study by Ankura Consulting, that showed 51% of respondents had those feelings.
Nearly 75% of shoppers said credit card and personal debt will influence their back-to-school shopping budget.
Finances:Are schools asking too much for back-to-school shopping? Many parents say yes.
And consumers are weighing other parts of their budget: nearly 50% of back-to-school shoppers have experienced a significant increase in the cost of their car insurance, while 36% are seeing an increase in their home insurance and 32% have seen a rise in their health insurance. Those cost-of-living expenses eat into their disposable spending, Ankura said.
Does my state have a school supply sales tax holiday?
Here is a list of participating states and what's tax free, according to the Federation of Tax Administrators. Rules and dates vary by state so check the state’s website for the most updated information. In some instances, local taxes may also still apply.
If a dollar amount is not listed, the state did not appear to indicate a spending limit on that item. A link to most states' details of their holiday are hyperlinked to the name of each state. Generally most purchases online also qualify for the sales-tax holiday, but check your state's requirements.
Alabama
July 19-21
What's tax-free:
- Clothing and shoes: $100 or less per item
- Computers: $750 or less per item
- School supplies: $50 or less per item
- Books: $30 or less per item
Arkansas
Aug. 3-4
What's tax-free:
- Clothing and shoes: $100 or less per item, clothing accessories: $50 or less per item
- School supplies
- Electronic device used for school
Connecticut
Aug. 18-24
What's tax-free:
- Clothing and footwear less than $100
Florida
July 29-Aug. 11
What's tax-free:
- School supplies: $50 or less per item
- Clothing, footwear, accessories: $100 or less per item
- Computers and related accessories: $1,500 or less
- Learning aids and jigsaw puzzles: $30 or less
Iowa
Aug. 2-3
What's tax-free:
- Clothing or footwear: $100 or less per item
Maryland
Aug. 11-17
What's tax-free:
- Clothing, footwear and accessories: $100 or less per item
- Backpacks: the first $40 of a backpack/bookbag purchase is tax-free.
Massachusetts
Aug 10-11
- Eligible retail items bought for personal use costing $2,500 or less (not limited to school supplies). There are several exceptions when tax still applies, including: meals, motor vehicles and boats, gas and electricity, tobacco, marijuana or alcoholic beverages and any single item with a price more than $2,500.
Reliving childhood:For some toy sellers, packing shelves with nostalgia pays off
Mississippi
July 12-14 (A Senate bill changed the holiday from the last Friday and Saturday in July to the second Friday and Saturday and extended it through Sunday).
What's tax-free:
- Clothing, and footwear: $100 or less per item
- School supplies: $100 or less per item
Missouri
Aug. 2-4
What's tax-free:
- Clothing: $100 or less per item
- School supplies: $50 or less per item
- Computers: $1,500
- Computer software: $350 or less
- Computer peripheral devices: $1,500
- Graphic calculators: $150 or less
New Mexico
Aug. 2-4
What's tax-free:
- Clothing or shoes: $100 or less per item
- Desktop, laptop, tablets or notebook computers: $1,000
- Related computer hardware: $500 per item
- School supplies: $30 per item
Ohio
July 30-Aug. 8
What's tax-free:
- Ohio's tax-free holiday in 2024 has been expanded to 10 days and is not limited to school-related supplies. The tax-free period includes anything that is considered tangible personal property that is $500 or less, except watercraft, anything with an outboard motor that must be titled, a motor vehicle, alcohol, tobacco, a vapor product or a product that contains marijuana. Dine-in meals, which are usually taxed, are also tax-free if they are less than $500.
Oklahoma
Aug. 2-4
What's tax-free:
- Clothing or footwear: $100 or less per item.
South Carolina
Aug. 2-4
What's tax-free:
- Clothing, shoes and accessories
- School supplies
- Computers, printers, earbuds and headphones
- Certain bed and bath items
- Diapers
Tennessee
July 26-28
What's tax-free:
- Clothing and shoes: $100 or less per item
- School supplies: $100 or less per item
- Computers, including laptops and tablets: $1,500 or less per item
Texas
Aug. 9-11
What's tax-free:
- Clothing and shoes: $100 or less per item
- Backpacks: $100 or less per item
- Facemasks
- School supplies: $100 or less per item
Virginia
Aug. 2-4
What's tax-free:
- Clothing and shoes: $100 or less per item
- School supplies: $20 or less per item
West Virginia
Aug. 2-5
What's tax-free:
- Clothing: $125 or less per item
- Laptop or tablet computers: $500 or less per item
- School instruction material: $20 or less per item
- School supplies: $50 or less per item
- Sports equipment: $150 or less per item
Betty Lin-Fisher is a consumer reporter for USA TODAY. Reach her at [email protected] or follow her on X, Facebook or Instagram @blinfisher. Sign up for our free The Daily Money newsletter, which will include consumer news on Fridays,here.
veryGood! (12749)
Related
- New wildfires burn in US Northeast while bigger blazes rage out West
- Paris Olympics see 'limited' impact on some IT services after global tech outage
- JoJo Siwa Makes Comment About Taylor Swift After Breaking Record for Most Disliked Female Music Video
- Rare orange lobster, found at Red Lobster, gets cool name and home at Denver aquarium
- How Saturday Night Live Reacted to Donald Trump’s Win Over Kamala Harris
- Carroll Fitzgerald, former Baltimore council member wounded in 1976 shooting, dead at 89
- Illinois deputy charged with murder after fatally shooting Sonya Massey inside her home
- U.S. stock trading unaffected by IT outage, but Crowdstrike shares tumble
- Brian Austin Green’s Fiancée Sharna Burgess Celebrates Megan Fox’s Pregnancy News
- Migrant children were put in abusive shelters for years, suit says. Critics blame lack of oversight
Ranking
- Why was Jalen Ramsey traded? Dolphins CB facing former team on 'Monday Night Football'
- The bodies of 4 Pakistanis killed in the attack on a mosque in Oman have been returned home
- Kate Hudson Admits She and Costar Matthew McConaughey Don't Wear Deodorant in TMI Confession
- British Open 2024: Second round highlights, Shane Lowry atop leaderboard for golf major
- Kalen DeBoer, Jalen Milroe save Alabama football season, as LSU's Brian Kelly goes splat
- Bissell recalls over 3 million Steam Shot steam cleaners after 157 burn injuries reported
- Which sports should be added to the Olympics? Team USA athletes share their thoughts
- A man kills a grizzly bear in Montana after it attacks while he is picking berries
Recommendation
-
Britney Spears reunites with son Jayden, 18, after kids moved in with dad Kevin Federline
-
In RNC speech, Trump recounts surviving assassination attempt: I'm not supposed to be here
-
Biden pushes party unity as he resists calls to step aside, says he’ll return to campaign next week
-
Some convictions overturned in terrorism case against Muslim scholar from Virginia
-
Younghoo Koo takes blame for Falcons loss to Saints: 'This game is fully on me'
-
Team USA sprinter Quincy Hall fires back at Noah Lyles for 4x400 relay snub
-
Best Target College Deals: Save Up to 72% on Select Back-to-School Essentials, $8 Lamps & More
-
Canada wants 12 new submarines to bolster Arctic defense as NATO watches Russia and China move in