Thursday, September 26, 2024
With the recent arrival of the month of August, there will be various opportunities to save money in Texas, specifically if you're looking for back-to-school deals.
This year, from Friday, Aug. 9, to midnight on Sunday, Aug. 11, a sales tax holiday will be held, which is a period of time where many states remove sales tax on certain types of items.
The tax-free weekend will typically restrict eligible purchases by criteria such as product and price. The eligible items for Texas will include clothing, footwear, backpacks, and school supplies with a maximum price of $99.99.
Locally-owned boutique, the 1854 Mercantile, will be one of the many businesses that will be open during the sales tax holiday.
“We were open last year on tax-free weekend, and I think it was a good weekend for us,” 1854 Mercantile Owner Nikole Tatum said. “I feel like people who may not typically shop with us come in on that weekend looking to combine really good sales with no sales tax.”
She mentioned that they will have some “door buster” type sales, where items will be marked down significantly, as well as tax free, so it’s an even better deal for everyone.
The sales tax holiday comes with many pros for those who are involved with small businesses. Tatum expressed that local retailers benefit from increased foot traffic and sales during tax-free weekends as consumers take advantage of the savings.
“This can help stimulate the local economy by keeping spending within the community,” she said.
She also explained that it can increase consumer spending.
“When consumers save money on sales tax, they may feel more inclined to spend that extra money on other goods or services,” she said. “This increased spending can boost sales for businesses, particularly those selling back-to-school items or other eligible products during tax-free weekends.”
It is important to remember that the sales tax exemption applies only to qualifying items you buy during the sales tax holiday. Items you buy in store or online before or after the sales tax holiday do not qualify for exemption, and there is no tax refund available.
For further details regarding the 2024 Sales Tax Holiday, visit comptroller.texas.gov.
