Current:Home > MarketsBack-to-school-shopping 2024: See which 17 states offer sales-tax holidays-DB Wealth Institute B2 Reviews & Ratings
Back-to-school-shopping 2024: See which 17 states offer sales-tax holidays
lotradecoin investments View Date:2024-12-25 17:00:35
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 Legislation earlier this year repealed it.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! (538)
Related
- Gena Rowlands, acting powerhouse and star of movies by her director-husband, John Cassavetes, dies
- Fans welcome Taylor Swift to Los Angeles: See the friendship bracelets, glittery outfits
- Iran opens registration for candidates in next year’s parliament election, the first since protests
- Barr says Trump prosecution is legitimate case and doesn't run afoul of the First Amendment
- Judge tells Google to brace for shakeup of Android app store as punishment for running a monopoly
- Maralee Nichols Shares Glimpse Inside Farm Trip With Her and Tristan Thompson’s Son Theo
- Trump effort to overturn election 'aspirational', U.S. out of World Cup: 5 Things podcast
- Turn Your Home Into a Barbie Dream House With These 31 Finds Under $60
- Wally Amos, 88, of cookie fame, died at home in Hawaii. He lost Famous Amos but found other success
- Bachelor Nation's Kaitlyn Bristowe Taking Social Media Break After Jason Tartick Split
Ranking
- American Supercar: A first look at the 1,064-HP 2025 Chevrolet Corvette ZR1
- Officials believe body found near Maryland trail where woman went missing is Rachel Morin
- Musk vows to pay legal costs for users who get in trouble at work for their tweets
- What caused an Alaskan glacier to cause major flooding near Juneau
- Clint Eastwood's Son Scott Shares How Family Is Doing After Death of Christina Sandera
- Henry Cort stole his iron innovation from Black metallurgists in Jamaica
- 'Barbie' is the only billion-dollar blockbuster solely directed by a woman
- Ne-Yo Apologizes for Insensitive and Offensive Comments on Gender Identity
Recommendation
-
Britney Spears' Ex Sam Asghari Reveals Special Girl in His Life—But It's Not What You Think
-
U.S. Women's National Team Eliminated From 2023 World Cup After Cruel Penalty Shootout
-
Historian on Trump indictment: The most important criminal trial in American history
-
Liberty University freshman offensive lineman Tajh Boyd dies at age 19
-
How 'Millionaire' host Jimmy Kimmel helped Team Barinholtz win stunning top prize
-
Paris Hilton Shares Why She's Sliving Her Best Life With Husband Carter Reum
-
Probe of whether police inaction contributed to any deaths in Robb attack is stalled
-
Step up Your Style With This $38 Off the Shoulder Jumpsuit That Has 34,200+ 5-Star Amazon Reviews