State Sales Tax Holidays Help You Save Money
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State Sales Tax Holidays Help You Save Money

Posted on Tuesday, July 22nd, 2014 at 7:00 am
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cash register moneyOne great way to save money on school supplies is to buy them during the state sales tax holiday for your state. Not all states offer one. Some of the sales tax holidays include savings on more than school supplies and clothing. Here is a list of the upcoming state sales tax holidays that are happening in August of this year. In short, they help you save money by exempting the sales tax on certain purchases.

Here is what the sales tax exemption can be used on:
* Alabama – August 2 -3, 2014
Up to $100 of clothing, up to $750 of computers, up to $50 of school supplies, and up to $30 of books.

* Connecticut – August 17 -23, 2014
Up to $300 of clothing and footwear

* Florida – August 1-3, 2014
Up to $100 of clothing, up to $15 of “supplies” and up to $750 of computers. “School supplies” is also listed, but does not have a dollar amount attached to it.

* Georgia – August 1-2, 2014
Up to $100 of clothing, up to $20 of “supplies” and up to $1,000 of computers. “School supplies” is also listed, but does not have a dollar amount attached to it.

* Iowa – August 1-2, 2014
Up to $100 of clothing.

* Louisiana – August 1-2, 2014
Up to $2,500 of TPP. It stands for “tangible personal property”. It includes everything except vehicles subject to license and title, meals furnished for consumption on the premises where purchased (including to-go orders). It excludes TPP that is for use in a business, trade, or profession.

* Maryland – August 10-16, 2014
Up to $100 of clothing and footwear.

* Missouri – August 1-3, 2014
Up to $100 of clothing, up to $3,500 in computers, and up to $50 of school supplies.

* New Mexico – August 1-3, 2014
Up to $100 of clothing, up to $1,000 of computers, $500 of computer equipment, and up to $30 of school supplies.

* Oklahoma – August 1-3, 2014
Up to $100 of clothing.

* South Carolina – August 1-3, 2014
On clothing, school supplies, computers, and “other”. No dollar amount limit is listed.

* Tennessee – August 1-3, 2014
Up to $100 of clothing, up to $100 of school supplies, and up to $1,500 on computers

* Texas – August 8-10, 2014
Up to $100 of clothing, backpacks and school supplies

* Virginia – August 1-3, 2014
Up to $100 on clothing and up to $20 on school supplies

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Good Tip: Saving money is important – especially if you have a lot of expenses like bills to pay, loans to pay off, and all the other things that drain your bank account. Figuring out a way to save money can feel tedious to some, and like a punishment to others. U.S. News suggests that you try one of these money saving challenges. The “No Eating Out for a Month” Challenge This one is self-explanatory. The goal is to avoid eating out for an entire month. This might be super easy for people who enjoy making meals at home. People who really enjoy dining out, or ordering food to be sent to their home, may struggle with this one. It’s worth a try because spending money on take-out is more expensive than buying groceries. The Pantry Challenge This one is a variation of the “No Eating Out for a Month” challenge. The goal is to use up all of your groceries before you buy more. It forces you to try and remember why you bought a food or beverage that you don’t know what to do with, and gives you the opportunity to find a way to use it. The one exemption to this challenge is the foods that have expired. Don’t eat them! Throw them in the trash. The “No Spend” Challenge Make a goal to avoid spending money during an entire weekend. The only exemption in this challenge is that you are allowed to pay bills. This challenge is interesting because it requires creativity. You must be creative and find workarounds for problems that you would typically solve by spending money. You may have a different outlook on spending after finishing this challenge.