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Tax Holidays For Back-To-School Shopping 2013

Author: Christopher Taylor

By Simon Zhen

July is almost over and summer is still very much with us. But, that isn't stopping retailers from pushing their back-to-school marketing efforts. From TV commercials to weekly circulars, retailers are already hawking everything from clothes to laptops to school supplies for the upcoming school year. It's probably an indication that American families are likely to see a spike in spending.

According to a recent study by the National Retail Federation, families with school-age children will spend an average $634.78 on apparel, shoes, supplies and electronics during the 2013 back-to-school shopping season. Total back-to-school spending is projected to reach $26.7 billion.

To help alleviate the school expenses, parents in 17 states should buy school supplies during tax holidays, celebrated from late July to late August. During this time, sales tax will not be collected on certain purchases up to a specified amount, if applicable. Most of the applicable items include clothing, school supplies and computers -- the types of things that students will need for the new school year.

We've listed the types of purchases that are exempt from sales tax for each state that is holding a tax holiday. (Each state is linked to the website of the department of revenue or taxation for the state, where you can find more information for your particular state.)

In the U.S., there are five states that do not charge any sales tax at all: Alaska, Delaware, Montana, New Hampshire and Oregon.

MyBankTracker is an independent re that helps consumers make smarter banking and money decisions.

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