Back to school shopping tips for the tax-free holiday
Sales Tax Holiday runs Aug. 19 – 21
Texas - August 15, 2011 – The 13th annual Sales Tax Holiday, or
Tax-Free Weekend, begins Friday and runs until Sunday. Consumers can expect to
save approximately $8 for every $100 they spend on most clothing, footwear and
school supplies priced less than $100. A full list of items that qualify can be
found on the Texas Comptroller’s website here.
According to Texas Comptroller Susan Combs, Texas expects shoppers to save
$62.1 million this weekend on tax-exempt items. Many stores will be open
extended hours and offer additional back-to-school sales to help consumers take
advantage of this once-a-year tax-free event. BBB advises consumers to plan
ahead, stick to a budget and pay close attention to advertisements to make the
most of this weekend’s deals.
Before hitting the stores, take inventory of items you already have. You may
have leftover supplies from the previous school year. Look around the house for
reusable items such as backpacks, lunchboxes, calculators and rulers.
Decide how much you are willing to spend per person a few days in advance.
Include children in the process of creating the budget to teach them
responsible money management.
Sale” doesn’t mean tax-free. Retail stores may advertise back-to-school
sales because they know consumers are buying items for the upcoming school
year. Certain discounts will still have taxes applied to them unless the item
appears on the state comptroller’s tax-free list.
with a list.
After taking inventory, create a shopping list and stick to it. This will help
you stick to your budget, avoid costly impulse purchases and ensure nothing is
what your child’s school allows. Schools will often provide parents with a
list of required items for the school year which can help determine what you
need to purchase. These lists are also available at many retail stores and on
school websites. Additionally, many schools have specific dress codes, so keep
these restrictions in mind before spending money on clothes the school may not
for refund and exchange policies. Be sure you can exchange or return items
purchased during this time period. Keep in mind some items may be
non-refundable or have restocking fees associated with a return.
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