If you know when and how to take advantage of a sales tax holiday, you can save a lot of money. Florida will have multiple chances in 2024 to take advantage of these tax-free times, especially for back-to-school purchasing.
Four sales tax holidays, each aimed at distinct categories of transactions, have been instituted by the Florida Legislature for the year 2024. Let’s examine the details:
Event | Start Date | End Date |
Disaster Preparedness | June 1 | June 14 |
Disaster Preparedness | August 24 | September 6 |
Freedom Month | July 1 | July 31 |
Back to School | July 29 | August 11 |
Tool Time | September 1 | September 7 |
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:
Category | Maximum Amount per Item |
School Supplies | $50 |
Clothing, Footwear, and Accessories | $100 |
Computers and Accessories | $1,500 |
Learning Aids and Jigsaw Puzzles | $30 |
Some advice for maximizing Florida’s sales tax holidays
1. Plan Major Purchases: To optimize your savings, save big purchases (such as laptops and other devices) for the tax-free periods.
2. Verify Price Limits: Make sure the things you purchase are within the designated price ranges. For example, if the clothing limit is $100, then each item must be priced at or less than $100 in order to be excluded from taxes.
3. Confirm Exceptions: To make sure there are any exceptions, always visit the state’s tax website. Even if some things appear to fall into the broad category, they could not be eligible.
4. Combining Savings: To get the best offers, use browser extensions, consignment stores, and coupons. In addition to the tax exemption, this can help you save even more money.
Read Also: Fort Worth Secures $8 Million in Tax Credits for Affordable Housing Projects
Families trying to get ready for the new school year without going over budget will find the Back-to-School tax-free holiday very helpful. To keep more money in your pocket, make sure to schedule your purchases, mark your calendars, and take advantage of Florida’s sales tax holidays.
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