School Updates

State tax free holiday ahead this weekend for back to school shopping

Tennessee’s annual tax free weekend, primarily designed to help ease back-to-school expenses, is coming up this weekend, Friday through Sunday, Aug. 1-3.

The sales begin at 12:01 a.m. Friday and will end at 11:59 p.m. Sunday.

The tax-free items include clothing under $100, school and art supplies under $100 and computers under $1,500.

“If you use good common sense, you’ll be able to save even more,” a state tax official said. “For example, shop around at different stores — in person and online — and use coupons if you can to maximize the amount of your discount.

“In addition, don’t buy items you don’t really need just because of the tax free weekend event. Since the regular sales tax rate in Tennessee is 7 percent, that’s the amount of money you’d be saving, in addition to the local sales tax, if applicable.

“Instead of waiting for tax free weekend, you might be able to save even more money by comparing prices and using coupons, either before or after the tax free weekend takes place.

“Keep in mind, too, that the sales tax holiday only applies to specific items. For example, belts are tax-free, but belt buckles will still be taxed.

“In addition, most sporting goods are not tax-exempt during the sales tax holiday,  including cleats, football pads, and protective helmets, so make sure that you read Tennessee’s Sales Tax Holiday web page before counting your savings.

 

More information is available at www,tntaxholiday,com

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