Next Tax Free Florida Weekend: If you know when and how to take advantage of a sales tax holiday, you can save a significant amount of money. In 2024, Florida will offer several opportunities for tax-free shopping, especially for back-to-school purchases.
The Florida Legislature has established four sales tax holidays for 2024, each focusing on different categories of transactions. Let’s examine the details:
- Disaster Preparedness (June 1 – June 14, and August 24 – September 6)
- Freedom Month (July 1 – July 31)
- Back to School (July 29 – August 11)
- Tool Time (September 1 – September 7)
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Tax-Free Weekend in Honor of Back-to-School (July 29–August 11)
You can buy necessary school supplies at this time without having to pay sales tax. The following items are eligible and have price caps:
- School supplies: Up to $50 per item.
- Clothing, footwear, and accessories: Up to $100 per item.
- Computers and accessories: Up to $1,500 per item.
- Learning aids and jigsaw puzzles: Up to $30 per item.
This tax-free holiday provides a great opportunity to save on back-to-school essentials.
Some advice for maximizing Florida’s sales tax holidays
- Arrange Large Purchases: If you want to save the most money, wait to buy big things like laptops and other electronics until the tax-free times.
- Verify Price Limits: Make sure that the things you buy are within the price bands that have been set. One example is if the cap for clothing is $100, then each item must cost at least $100 to not be taxed.
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- Confirm Exceptions: To ensure you are aware of any exceptions, always check the state’s tax website. Even if an item seems to fit the general category, it might not be eligible for tax exemption.
- Combine Savings: Maximize your savings by using browser extensions, shopping at consignment stores, and applying coupons. This can further reduce costs beyond the tax exemption.
For families looking to prepare for the new school year without overspending, the Back-to-School tax-free holiday can be a valuable opportunity. To keep more money in your pocket, plan your purchases, mark your calendar, and take advantage of Florida’s sales tax holidays. For more details, visit the Florida Department of Revenue website.
