From now until August 7, school related purchases will be tax free. As summer break comes to an end, students and teachers start to gear up for the upcoming school year. The back-to-school tax “holiday” will hopefully make it a little easier for them. During this exemption period, most school supplies that cost $50 or less will be tax exempt. You can even get your kid a new school wardrobe, clothing, shoes, and accessories selling for $100 or less are also included in the tax free period. Or if your child is starting college this year, now is a great time to get them a new computer. Computers and electronic accessories priced at $1,500 or less is also tax free!
A lot of retailers have had overstocked on items, so be on the lookout for some sales to extend your savings. Children’s books will continue to stay tax-exempt until August 14, it applies to purchases of picture books, books for beginning readers and middle-grade books. According to Fox 13 News, the research group Florida TaxWatch estimated that the back-to-school tax holiday could save Florida consumers $100 million.
Here’s the list of all the back-to-school items that qualify as tax free.