Many Tennesseans look forward to the tax free weekend during the preparation for back to school. This year the state’s sales tax free weekend is this weekend, August 5 through August 7, 2011. Many items that children will need for back to school will be available for purchase with no additional sales tax to pay. Many parents become excited and treat this weekend as another black out weekend for savings.
How much does a family truly save on this weekend? The sales tax through Tennessee ranges from 9.25% to 9.75% throughout the state. The average cost for school supplies is around $20.00, not including backpacks and clothing or course. Therefore the savings is roughly around $1.85 to $1.95. If the average family purchases $200 on clothing, the savings for clothing is around $18.50 to $19.50. When you take into consideration the crowds you will fight, the gas you will burn, and the aggravation you will experience when everything is sold out, do you really save money in your pocket? Of course, you will save about $20.
If you are truly interest in what you will and will not save money on while on your tax free shopping adventure, a list is included to show what the state considers to be viable items for back to school purposes and what is not. Any of the following items that are $100 or less will be tax free all weekend long as well as computers that are $1500 or less.
‘¢ Lunch Boxes
School Art Supplies
‘¢ Clay and Glazes
‘¢ Sketch and
Most retailers have lists available for each school giving core school supplies lists. If you hit retailers like Wal-Mart, you will find savings before the holiday. Some hot items from past years include composition books are $.20 each but are becoming a limited supply in some stores. Wide rule loose leaf notebook paper is $.25 a pack and is going fast. Folders with pockets and brads are at $.19 each and will become scarce by Friday. These are items that will surely become fighting tools by the end of the weekend so you may not want to wait for a savings of merely pennies saved on tax for these supplies.
Clothing will be the shopping focus for many and the best sales will be found at stores such as Rue 21 and Ross’s. Rue 21 is known to have the stylish shirts all girls want at a very low price of $3. This place will be packed so get their early. Remember, it is the weekend and weekends are your time to have fun. If you don’t get that item you really wanted, it will be there again next week. Besides, are you really saving big money by fighting someone over it today? Have fun and be safe!