Guide to tax holidays

 

Tax holidays are a neat little way to get people shopping. During a tax holiday, no state sales taxes are collected on applicable items. Unfortunately, not very many states currently hold an annual tax holiday. Below are the states that celebrate a tax holiday (as of 2016).

Alabama (1st weekend in August)

Tax-exempt items: clothing, computers, school supplies, books

Arkansas (1st weekend in August)

Tax-exempt items: clothing, school supplies, books

Connecticut (3rd week in August)

Tax-exempt items: clothing

Florida (2nd week in August)

Tax-exempt items: clothing, school supplies, books

Georgia (1st weekend in August)

Tax-exempt items: clothing, computers, school supplies

Iowa (1st weekend in August)

Tax-exempt items: clothing

Louisiana (1st weekend in August)

Tax-exempt items: most consumer purchases of tangible property are subject to a 2 percent sales tax exemption

Massachusetts (2nd weekend in August)

Tax-exempt items: most tangible personal property items costings $2,500 or less

Maryland (3rd week in August)

Tax-exempt items: clothing and footwear

Missouri (1st weekend in August)

Tax-exempt items: clothing, computers, school supplies

New Mexico (1st weekend in August)

Tax-exempt items: clothing, computers, school supplies

Oklahoma (1st weekend in August)

Tax-exempt items: clothing

South Carolina (1st weekend in August)

Tax-exempt items: clothing, computers, school supplies

Tennessee (1st weekend in August)

Tax-exempt items: clothing, computers, school supplies

Texas (1st weekend in August)

Tax-exempt items: clothing, school supplies, backpacks, diapers

Virginia (1st weekend in August)

Tax-exempt items: clothing, school supplies, energy-efficient appliances, hurricane preparedness items

Jesse Campbell is the Content Manager at MMI, focused on creating and delivering valuable educational materials that help families through everyday and extraordinary financial challenges.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.
  • The National Council of Higher Education Resources (NCHER) is the nation’s oldest and largest higher education finance trade association. NCHER’s membership includes state, nonprofit, and for-profit higher education service organizations, including lenders, servicers, guaranty agencies, collection agencies, financial literacy providers, and schools, interested and involved in increasing college access and success. It assists its members in shaping policies governing federal and private student loan and state grant programs on behalf of students, parents, borrowers, and families.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.