Introduction
If you’re a parent or student gearing up for back-to-school shopping, you know how the cost of supplies and clothing can quickly add up. This is where Tax-Free Weekend comes in. It presents an opportunity for people to save money during the time of year when spending is imminent. In this article, we are going to explore when Tennessee’s tax-free weekend is and how to take advantage of the savings.
Mark Your Calendars for Tax-Free Weekend: Tennessee’s Guide to Saving on Back-to-School Shopping
Tennessee’s tax-free weekend is usually held during the last weekend in July, running from Friday to Sunday. For 2021, the event will be held on July 30th-July 31st.
The event targets back-to-school shopping, which means that school supplies, clothing, and footwear priced at $100 or less per item are eligible for tax exemption. During tax-free weekend, you can enjoy savings of up to 9.75%, which is the amount of sales tax charged in Tennessee.
This is an ideal opportunity to maximize savings, especially if you need to buy clothes or supplies for multiple children. By doing all your shopping at once, you can ensure that you’re getting the most out of tax-free weekend.
Tennessee’s Tax-Free Shopping Weekend: How to Maximize Savings and Minimize Stress
To make the most out of tax-free weekend, planning and preparation are key. Here are some tips:
- Make a list of what you need to buy beforehand to avoid impulse purchases
- Get organized – identify stores with the best deals and create a schedule of where you will go
- Use social media to your advantage and follow your favorite retailers for deal updates
- Shop early in the morning or later in the evening when there are fewer crowds
Tax-Free Weekend in Tennessee: A Comprehensive List of What’s Included and Excluded
Not all items are included in tax-free weekend, so it’s crucial to know what you can and cannot buy. These are the items that are eligible for tax exemption during the weekend:
- Clothing – shirts, pants, dresses, shoes, hats, etc.
- School supplies – notebooks, backpacks, pens, pencils, markers, etc.
- Electronics with a sales price of $1,500 or less per item, such as tablets and smartphones.
On the other hand, the following are items that aren’t eligible for tax exemption:
- Sports equipment – cleats, helmets, baseball gloves, etc.
- Computers, tablets, and smartphones that cost more than $1,500
- Software, CDs, and DVDs
It’s important to note that some items may fall into a gray area, such as backpacks with wheels or jewelry that is sold with clothing. In these cases, it’s best to check with the retailer to confirm the rules before making a purchase.
Last Minute Shopping for School? Take Advantage of Tax-Free Weekend
While it’s always better to plan ahead, it’s not always possible to do so. Tax-free weekend can still be beneficial for those who need to do last-minute shopping. You can save on items that you were going to buy anyway, and the convenience of shopping for everything in one place can easily outweigh the crowds.
However, it’s important to stick to your budget and avoid overspending. Remember, you’re only getting a discount on the items that are tax-exempt, so be mindful of what you put in your cart.
5 Tips for Saving Big During Tennessee’s Tax-Free Shopping Weekend
Here are some extra tips to help you maximize your savings during tax-free weekend:
- Create a budget and stick to it
- Shop online to avoid crowds and ensure that the items you need are in stock
- Shop early to take advantage of the best selection at stores before things sell out
- Check with participating retailers beforehand to find out about any additional sales or promotions
- Use any available coupons or loyalty programs to maximize savings
These tips come from experienced tax-free weekend shoppers, so they’re sure to help you save big. Remember, the more you save during tax-free weekend, the more you can use that money for other expenses!
Conclusion
Tennessee’s tax-free weekend is coming up soon, and it’s an excellent opportunity to save money on back-to-school shopping. By planning ahead, organizing your shopping list, and sticking to your budget, you can maximize your savings and minimize your stress. Remember the benefits of shopping during this weekend and take advantage of them! Also, don’t forget to share this article with your friends and family so they can plan for tax-free weekend too.
