Back-To-School Tax Free Holiday Info

Parents are expected to spend more on Back-To-School this year. Experts are predicting around $700 more. Several states offer a Tax Free Back-To-school holiday to help out.

Some 44% of parents expect to spend more this year than in 2021. Clothing and footwear appear to represent the bulk of the spending, Savings.com found, averaging $160 per child. The return to in-person learning was key to the extra need for school-appropriate clothes.

Key findings in the back-to-school survey:

• Parents expect to spend a total of $697 on average on school supplies for the 2022-23 school year.
• Almost four in 10 parents plan to spend over $600 on back-to-school shopping this year; only 6% of parents expected to spend that much last year.
• Almost half of parents feel inflation will impact their ability to buy everything their child needs.
• Nearly half — 44% — of parents plan to seek assistance for back-to-school purchases. 

Back-to-school deals

Several retailers are addressing the shopping concerns by offering deals in the days leading up to the start of school, Savings.com listed, including: Old Navy, The Children's Place, Kohl's, Best Buy, Walmart, Apple, Office Depot, Target and Staples.

Tax holiday

Several states offer tax-free or tax-reduced periods where parents get a break in sales tax on certain back-to-school items.

Savings.com surveyed 530 adults who have children attending K-12 schools, with a median family income between $50,000-$74,999. The survey was conducted online in July 2022.

TAX FREE HOLIDAY INFO:

Texas:

• Dates: August 5 – 7, 2022
• Save on: Clothing, backpacks, & school supplies (up to $100 per item)
• State Website

Florida:

• Dates: July 25 – August 7, 2022
• Save on: Clothing (up to $100 per item), school supplies (up to $50 per item), learning aids (up to $30 per item), computers and computer-related accessories (up to $1,500 per item)
• State Website

You can also get more info HERE