Source: ione / iOne
Texas State Tax Free Weekend is here. It’s a great way to save money while getting the kids ready for school.
Channel 2 News KRPC gives a great breakdown below :
How It Works
Retailers aren’t required to collect state and local sales tax on most clothing, footwear, school supplies and backpacks priced less than $100 during tax-free weekend. The sales tax exemption for Texas also includes items sold online, or by telephone or mail. Shoppers can use layaway plans to also get the tax break, but the item must be under $100.
Is it worth it?
Shoppers save about $8 on every $100 they spend. But industry forecasters predict families will spend $970 on average this year for back-to-school and college expenses. (That’s $81 more than last year for clothing, shoes, electronics and school supplies.) This year, shoppers will save an estimated $87 million in state and local sales taxes during the sales tax holiday, according to a report from the Texas Comptroller.
Texans can save on items that aren’t school supplies, including diapers
Heads up parents! Diapers are on the list of items that are tax-exempt. Click HERE for a full list of taxable and exempt items.
Some items are not included
Not included in the tax break are jewelry, handbags, luggage, wallets, watches, Apple iPhones, and new sports equipment. The Texas Comptroller of Public Affairs has a “fine print” of the items included in the sale.
Can’t afford it now? Put it on layaway!
According to the Comptroller’s website, “a sale of a qualifying item under a layaway plan qualifies for exemption if the customer places the qualifying merchandise on layaway during the holiday or makes the final payment during the holiday.”
View available deals
Special tax-free weekend deals are available at The Galleria, Katy Mills Mall, Uptown Park, Highland Village and Woodlands Mall.
Back To School Tax Free Weekend is HERE was originally published on radionowhouston.com
