UPDATE: Eleven U.S. states are launching urgent sales tax holidays just in time for back-to-school shopping, allowing families to save significantly on essential supplies, including electronics like MacBooks. This year’s sales tax holidays are vital for parents and students, offering substantial savings on items they need for the upcoming school year.
Florida kicks off its sales tax holiday from August 1 to August 31, exempting certain items, including computers priced at $1,500 or less. Families eyeing a new MacBook Pro can benefit from these savings, potentially avoiding an additional $221 in taxes compared to New York prices.
Massachusetts follows closely with its sales tax holiday on August 9 and 10, allowing shoppers to purchase tangible items, including computers, for $2,500 or less. This is an excellent opportunity for those seeking to upgrade their tech without the added burden of sales tax.
The impact of these holidays is significant. States like Alabama (July 18-20), Arkansas (August 2-3), and Missouri (August 1-3) also offer exemptions on electronics and school supplies, making it easier for families to manage expenses. For example, in Alabama, computers priced under $750 will qualify for tax exemptions during this period.
Each state has its own set of rules, but many combine these holidays with back-to-school marketing efforts, creating a buzz around tax-free shopping. These tax breaks aim to help families cope with rising costs and encourage spending in local economies.
As families prepare for the school year, these tax holidays can save shoppers nearly $1.3 billion in total state revenue, according to the Institute on Taxation and Economic Policy. With nearly half of state tax revenues coming from sales taxes, the economic implications are profound.
For a comprehensive list of participating states and their specific dates, shoppers can visit their local department of revenue websites. The following states are confirmed to have sales tax holidays this season:
– Florida: August 1-31 – Computers $1,500 or less
– Massachusetts: August 9-10 – Computers $2,500 or less
– Alabama: July 18-20 – Computers $750 or less
– Missouri: August 1-3 – Computers $1,500 or less
– New Mexico: July 25-27 – Computers $1,000 or less
Additional states including South Carolina and Tennessee are also participating, offering exemptions on various school supplies and tech items.
As these sales tax holidays approach, shoppers are encouraged to plan ahead to maximize their savings. With the clock ticking down to the start of the school year, now is the time to take advantage of these significant tax breaks. Don’t miss out on the chance to save on essential back-to-school items and gear up for a successful academic year!
