How to Make the Most of Tax-Free Weekends and Sales Tax Holidays

Saving a little (or a lot) of extra cash is always welcome — especially around back-to-school time. And we’re not just talking about sales. Most states also offer tax-free weekends and sales tax holidays. These special events, varying by state, allow you to purchase certain items — you guessed it — without paying a cent of sales tax. And they can run concurrently with sales, too, for even more savings. Here’s a guide to making the most of them. 

What Are Tax-Free Weekends & Sales Tax Holidays?

Tax-free weekends and sales tax holidays are special events (typically a few days) where states waive sales tax on specific items. They often focus on back-to-school items like electronics (including computers and printers), school supplies, clothing and accessories, shoes, and certain bed and bath items. But while the focus tends to be on students (and stressed parents), they’re obviously a win for anyone in the market for anything that’s included.

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The Pros of Shopping During Tax-Free Periods

Savings, Savings, Savings

Obviously, this is the big one: depending on your state’s sales tax rate, you could save anywhere from 4% to 10% on purchases. This can seriously add up, especially if you’re buying big-ticket items like electronics or a lot of back-to-school supplies.

Back-to-School Prep

It’s a perfect time to stock up on school supplies, clothes, and even some electronics. This can ease the financial burden of getting kids ready for the new school year.

Boosting the Local Economy

Shopping locally during tax-free weekends helps support small businesses in your community. Your spending can help keep local shops thriving.

How to Prep for Tax-Free Weekends

Know the Dates

The dates and terms for tax-free weekends vary by state. Some may have already happened, but others are right around the corner. For example, Texas holds its tax-free weekend in early August, while Florida has a longer period that includes several weeks in July and August. Check your state’s official website for exact dates and plan accordingly.

Learn the Rules

Every state that participates in tax-free holidays has different rules about what items are tax-free. Commonly included items are clothing, school supplies, and sometimes computers and software. Make sure to read the specifics to avoid surprises at checkout. For example, in Texas, individual clothing items and footwear must be priced under $100 to qualify, while in Florida, computers and accessories under $1,500 are eligible. (See links by state in the “Top States for Tax-Free Holidays” section below for more details and info.) 

Make Your List

Take time to prioritize what you need most. This helps you stay focused and avoid impulse purchases or unnecessary shopping that pulls you away from your financial goals. List out essential items like backpacks, notebooks, laptops, and new school outfits. (TL;DR: it’s not the time to get 6 pairs of shoes just because.) 

Comparison Shop

Just because something’s tax-free doesn’t mean it’s the best deal. Do your homework and compare prices online before heading out. 

Plan Your Trip

Tax-free weekends can be crowded, so plan your trip during less crowded times if possible. Early mornings or late evenings are generally the best times to avoid the rush.

Top States for Tax-Free Holidays  

While many states participate in tax-free weekends and sales tax holidays, here are a few notable ones:

Texas (Aug. 9 – 11): Offers tax-free shopping on clothing, footwear, school supplies, and backpacks priced under $100.

Florida (Jul. 29 – Aug. 11): This tax holiday, which is two weeks long, Includes a wide range of items from school supplies and clothing to computers.

Massachusetts (Aug. 10 – 11): Extends its tax-free holiday to include most items under $2,500, making it an ideal time to buy higher-priced items like furniture and electronics.

Ohio (Jul. 30 – Aug. 8): Offers tax-free shopping on clothing priced under $75 and school supplies priced under $20.

South Carolina (Aug. 2 – 4): Covers a broad range of items including clothing, school supplies, computers, and even some home goods.

Virginia (Aug. 2 – 4): Combines its tax-free weekend with its hurricane preparedness holiday, covering school supplies, clothing, and emergency preparedness items.

Simple Ways to Maximize Your Savings

Combine with Sales

Many retailers offer additional discounts during tax-free weekends. Look for special promotions and sales to maximize your savings. Retailers often coordinate their biggest sales events with tax-free weekends to attract more customers.

Shop Online

Some states extend tax-free benefits to online purchases. This can save you time and help you avoid crowds. Make sure the retailer ships to your state and qualifies for the tax-free holiday.

Use Those Coupons

Don’t forget to use any applicable coupons or loyalty rewards. They can provide additional savings on top of the tax break.

Double-Check Store Policies

Some stores may have specific rules or exclusions during tax-free weekends. Be sure to check their policies to ensure you get the best deals (and avoid a meltdown at the register).

Stay Organized

Keep all your receipts in case you need to return any items. Some states also allow tax refunds if items are returned after the tax-free weekend.

Earned Wage Access 

Does tax free weekend not align with your paycheck coming in? MoneyLion can help. MoneyLion offers a free and convenient way to find offers from our trusted partners for Earned Wage Access. Check out cash advance offers below.

Ready to Get Started?

Tax-free weekends are just one way to save money and ease your financial burden. For many more money-saving hacks and financial tips every day, download the MoneyLion app today.