As a parent of two, it is important for me to take advantage of all of the back-to-school sales and shopping discounts I can. Participating in Missouri’s Sales Tax Free Weekend (or Sales Tax Weekend) is a must. and I have saved a considerable amount of money over the years, since those tax dollars do add up. This year, Missouri will be conducting their tax free holiday during the weekend of August 5 through August 7th.
During the weekend, you can purchase school supplies, clothing, certain electronics and tech such as computers and laptops for the retail price only—-there is no sales taxes added on these items. This is perfect for back-to-school because this is a time when a lot of people are spending money on higher priced ticket items.
The sales tax holiday does not include food, automobiles, or other non-school related items. You also have to be careful because some municipalities or cities in Missouri don’t participate in the sales tax holiday. For a list of those cities, click HERE.
You don’t have to have a child or student to participate in the Sales Tax Free Holiday. That Macbook you want? This would be the perfect time to get it, sans the hefty sales tax that surely puts an added dent in your wallet.
With the back-to-school sales and rebates, the added incentive of not paying that sales tax goes a long way. And if you aren’t in Missouri, there are other states that have sales tax free holidays including Iowa, Oklahoma, and Tennessee.
Here’s a rundown of what items are tax exempt:
Clothing – Any article having a taxable value of $100 or less.
School Supplies – Not to exceed $50 per purchase
Computer Software – Taxable value of $350 or less
Personal Computers – Not to exceed $3,500
Computer Peripheral Devices – Not to exceed $3,500
Happy saving!
Photo credit: RachaelRay.com
MO Sales Tax Free holiday has truly been a godsend to me since its inception. With having four children in different age groups, the ever-increasing school supply lists can be a challenge. To add to this, each child seems to grow by leaps and bounds during the summer! The Tax-free holiday gives me relief in that I don’t have to “break the bank” to ensure that they everything they need. What I was unaware of is the $50 per purchase limit for school supplies-very helpful info!
Thanks for commenting MELISA. Even with the spending cap, you can get around it by making separate purchases in increments of under $50 or going to different stores. I know it may be a lot to do schedule wise, but may be worth the savings.