Tax Holidays for Back to School Savings

Our daughter will be in kindergarten next year. After attending the parent orientation, I realized we will be in the back-to-school purchasing business for many years. While the cost for kindergarten is relatively modest, I expect the cost of future years will be much higher.

One way to save is to shop during the sales tax holidays offered by various states from late spring to early fall. Eighteen states and the District of Columbia have had tax holidays ranging from a weekend to a week in the past. The states include: Connecticut, Florida, Georgia, Iowa, Louisiana, Mississippi, New Mexico, New York, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Vermont, Virginia, and West Virginia. Depending on the state, purchases of clothing, shoes, schools supplies, computers and even sports equipment may be exempt from sales tax when below certain dollar amounts.

For more specifics for each state, see 2010 Tax Free Weekend Events at About.com.

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This is not financial advice. Please consult a professional advisor.

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