Back to school shopping can put a dent in your wallet, that’s for sure. But in some states that pain is eased a bit by summer sales tax vacations. If you are lucky enough to live in a state that has one, do your shopping during the designated dates and you can skip sales taxes on clothing, shoes, school supplies, electronics and books. Some states have extended the savings to hurricane preparedness supplies, energy-efficient appliances and firearms.
The first sales tax holiday was in New York in January 1997, to boost sales during the after-holidays retail slump. Now seventeen states are offering sales tax holidays, though New York is no longer doing so.
The sales tax holiday is usually three days, from Friday through Sunday, during a major shopping period such as just before school starts. The holiday applies to selected items, such as clothing and school supplies, and is often restricted by price, for example, clothing up to $100.
If you want to take a vacation from sales tax this summer, consult the list below to see when one is offered in your state, and then head for the air-conditioned mall to beat the summer heat and take advantage of the savings.
For Ginita Wall, money isn’t a mystery, and this trusted CPA, CFP® practitioner and Certified Divorce Financial Analyst has made it her professional focus to help people demystify financial issues. So respected is her financial guidance that Worth Magazine named Ginita one of the most trusted financial planners in the country seven years in a row.
The author of eight books and three booklets, including The ABCs of Divorce for Women, It’s More Than Money – It’s Your Life, and Love and Money: Financial Tips for Couples , Ginita’s mission is to empower people to succeed and prosper. In 1988, Ginita started the non-profit Women’s Institute for Financial Education (WIFE.org) with financial adviser Candace Bahr. Now with over 55,000 members, WIFE.org is the oldest non-profit organization dedicated to financial independence for women.
Quoted in The Wall Street Journal, Business Week, USA Today, Money, and other financial publications, she has appeared on the NBC Nightly News, MSNBC, National Public Radio, CBS This Morning, the Discovery Channel’s Home Matters, and numerous other radio and television broadcasts. She is also listed in Who’s Who in Finance.
Ginita Wall received her BA from Antioch College in Ohio, and she is a certified public accountant in New Mexico and California. Ginita lives and works in San Diego, California.