This weekend is Texas Tax Free Weekend offering families with children returning to school the opportunity to save some money on back to school shopping.
Tax Free Weekend Fast Facts:
August 20, 21 and 22 shopping on many back to school items will be exempted from sales tax. The law exempts most clothing and footwear priced under $100. Last year I found that it also exempted diapers.
School supplies that are eligible for the tax free break:
Folders; expandable, pocket, plastic, and manila
Glue, paste and paste sticks
Index card boxes
Paper; loose leaf ruled notebook paper, copy paper, graph paper, tracing paper, manila paper, colored paper, poster board, and construction paper
Pencil boxes and other school supply boxes
Clothing, Footwear and Backpacks that may be tax free when under $100.00
Backpacks for use by elementary and secondary students
Belts with attached buckles
Boots – cowboy, hiking
Caps/hats – baseball, fishing, golf, knitted
Coats and wraps
Diapers – adult and baby
Gym suits and uniforms
Hooded shirts and hooded sweatshirts
Jerseys – baseball and football
Neckwear and ties
Pants and trousers
Raincoats and ponchos
Shoes – sandals, slippers, sneakers, tennis, walking
Socks (including athletic)
Suits, slacks, and jackets
Work clothes and uniforms
Be sure to check out the ads and coupons for your Houston area Target, Office Depot, Walmart, and Staples before you go shopping. Visit ‘RedPlum ranks among my top 5 places to get coupons,” to find any printable coupons available to help you save money on your school supplies.
We all know that about half way through the year many of us will receive a note from the teacher telling up our children need more school supplies. Let Tax Free Weekend help you whether you need to stock up or are donating to a worthy back to school cause, purchasing school supplies in bulk can save you money and a whole lot of time and effort later. Find out how to best buy school supplies in bulk, save even more money and be prepared for that note, Learn 5 Money Saving Tips: How to Buy School Supplies in Bulk .
However, on some items you may want to wait until after Tax Free weekend to buy them since although the 8.2 percent in sales tax will be eliminated, some marketing experts say to wait until after the sales tax holiday to shop.
“If you can hold off until the day after school starts then you can get some real bargains,” said Larry Gresham, Associate Professor of Marketing at Texas A&M. “Sure you save eight percent this week but you may be able to save 40 percent later.”