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TurboTax: How the upcoming sales tax holiday can boost your back-to-school savings

Woman searching for a book

Woman searching for a book

Back-to-school season is just around the corner! Depending on where you live, your state may be offering huge savings with a sales tax holiday shopping weekend on specific purchases. With most state sales tax ranging from about 4 – 10%, that means more money in your pocket.

Dates vary, but this year many states are going sales-tax-free the first full weekend in August (scroll down for dates in your specific state). If you have several kids going to school this year, you can boost your savings by picking up paper, pens, calculators, and backpacks in one trip. And you can get even better deals on the bigger ticket items, namely laptops and tablets.

GETTING THE BIGGER BANG FOR YOUR BUCK WITH LAPTOPS

You don’t want to buy a laptop because it was on sale, only to see it slow or break down in a year. While specs change year to year, here are some guidelines to help you purchase technology that will last.

I hope this helps you prepare your shopping list and figure out how you can save in advance. Be sure to check with your state tax administrator for specifics regarding your sales tax holiday. What supplies do you need to pick up this upcoming school year?

UPCOMING STATE SALES TAX HOLIDAY DATES

Alabama: July 19-21

Arkansas: August 3-4

Connecticut: August 18-24

Florida: August 2-6

Iowa: August 2-3

Maryland: August 11-17

Mississippi: July 26-27

Missouri: August 2-4

New Mexico: August 2-4

Ohio: August 2-4

Oklahoma: August 2-4

South Carolina: August 2-4

Tennessee: July 26-28

Texas: August 9-11

Virginia: August 2-4

NO SALES TAX HOLIDAY: Alaska, Arizona, California, Colorado, Delaware, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Oregon, Pennsylvania, Rhode Island, South Dakota, Utah, Vermont, Washington, West Virginia, and Wyoming.

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