Take Advantage of Tax-Free Weekends This Year

When summertime’s coming to a close, it means that back-to-school season is waiting in the wings. For many families, the excitement of this time of year can be overshadowed by the necessary expenses that come along with it. According to the National Retail Foundation, combined back-to-school and back-to-college spending is expected to reach a whopping $83.6 billion in 2017, an all-time high. That’s why, this year, those who are able to should take advantage of tax-free weekends in their state to help save on school supplies and more.

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What is a Tax-Free Weekend?

A tax-free weekend, also known as a sales tax holiday, is a weekend singled out by individual states where sales taxes will not be collected on select items. Tax-free weekends often feature tax-exempt purchases on back-to-school items like backpacks, supplies, clothing and footwear. While it may seem a small discount, the events offer families guaranteed savings on purchases that they likely needed to make anyway. And these small savings can add up quickly, especially for those with multiple children heading back to the classroom.

When are Tax-Free Weekends?

They are typically scheduled in July and August. While the number of states holding sales tax holidays varies year to year, in 2017 there are sixteen states with tax-free weekends that include exemptions for school-related items and/or clothing that can help you save during this back-to-school season:

  • Alabama: July 21-23
  • Arkansas: August 5-6
  • Connecticut: August 20-26
  • Florida: August 4-6
  • Iowa: August 4-5
  • Louisiana: August 4-5
  • Maryland: August 13-19
  • Mississippi: July 28-29
  • Missouri: August 4-5
  • New Mexico: August 4-5
  • Ohio: August 7-9
  • Oklahoma: August 5-7
  • South Carolina: August 4-6
  • Texas: August 11-13
  • Tennessee: July 28-30
  • Virginia: August 4-6
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Savings in Any State

Whether your state is among those holding a sales tax holiday this year or not, there are almost always other ways to find savings. If you have a credit card, check to see if your credit card issuer offers discounts or deals when shopping through their online retailer portal, where you may net 5-10% cash back on purchases. For instance, Discover cardmembers can shop with Discover Deals to save on items from major retailers and earn Cashback Bonus.

According to the National Retail Foundation, combined back-to-school and back-to-college spending is expected to reach a whopping $83.6 billion in 2017, an all-time high.

Legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice. The material on this site is not intended to provide legal, investment, or financial advice and does not indicate the availability of any Discover product or service. It does not guarantee that Discover offers or endorses a product or service. For specific advice about your unique circumstances, you may wish to consult a qualified professional.

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