A big shopping weekend is coming up for Tennesseans.
Starting Friday, more than 150 different items will be available tax-free in Tennessee as part of the state’s 13th annual sales tax holiday. The tax-free deals end Sunday night.
The weekend originally was established to help offset costs of back-to-school supplies, but any consumer shopping in Tennessee can purchase the qualified items tax-free.
Here are a few things to know heading into this tax-free weekend:
When it happens: The annual sales tax holiday is held every year starting on the final Friday of July. It begins at 12:01 a.m. Friday, July 27, and lasts almost three full days, ending at 11:59 p.m. Sunday.
What items are exempt: Consumers can buy clothing and a variety of school supplies that cost $100 or less (per item) tax-free. School supplies include backpacks, notebooks, pens, binders, scissors and art supplies. Most types of clothing are tax-free, including pants, jeans, shirts, suits, ties and shoes. Computers priced $1,500 or less can also be purchased tax-free.
What items aren’t included: Consumers will not find tax-exempt deals on sporting equipment, cosmetics, sunglasses, jewelry and handbags, to name a few items. And even though computers are tax-free this weekend, other electronics are not, including cell phones, video games, computer printers, printer supplies and computer software. Items purchased for business use will not be tax-exempt.
It’s online, too: Qualified items sold by Tennessee retailers and delivered to Tennessee addresses should be tax-exempt this weekend. These items must be ordered and paid for during the three-day period.
If you have more questions about tax issues in Tennessee, please contact a KraftCPAs representative. We’re happy to help.