Parents are busy helping their children get ready by stocking up on school supplies as the start of a new school year draws nearer on the calendar.
Florida’s Back-to-School Sales Tax Holiday (Source: Pixabay)
Sales Tax Holiday on School Supplies
Smart buying will be essential this year as inflation continues to have an impact on our economy. “You might be paying more than a couple of years ago, but compared to last year, it’s about the same,” said Samantha Gordon, Consumer Reports’ bargains editor.
In a published article by NBC Miami, Gordon pointed out that, despite how alluring it may be, buying everything in one place is not the best course of action in terms of cost savings. She added that price comparison is a crucial stage in buying if you want to save money, adding that knowing what merchants are charging for an item may be very advantageous to you. It is therefore advisable to have a strategy in place before you begin your back-to-school shopping, compare costs at several places online, and look for in-store discounts in the ads.
In addition to retailers providing special discounts on school supplies, now is a fantastic opportunity to save even more because Florida’s back-to-school sales tax holiday, which starts on Monday, July 24, allows you to purchase most of the products your child will need tax-free, including costly laptops.
Until August 6, learning aids, school supplies, and apparel are all exempt from taxes, according to Gordon. She added that the sales tax holiday applies to anything up to $1,500. Additionally, before you purchase a laptop, inquire with your child’s school as they might be able to supply one free of charge.
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Find Out What Items are Included in the Sales Tax Holiday
The following items will not be subject to sales tax holiday during the two-week tax holiday:
- Items of clothing, footwear, and certain accessories with a price tag of $100 or less
- A few school items with an average retail price of $50 or less
- $30 or less for jigsaw puzzles and learning tools
- PCs, laptops, monitors, and other computer-related items costing $1,500 or less when bought for domestic or private use but not for a business
There is a good alternative if money is an issue. You might think about delaying purchases until after the start of classes, Gordon advised. Many of these items won’t be required in the first month, she said.
You won’t be able to take advantage of the tax break, but you might be able to find a decent deal on the things you don’t purchase right away. Stores also tend to start lowering prices on school supplies after the school year starts.
READ ALSO: Tax Holiday on Selected Apple Products in Different States; Find Out if Your State is on the List
