Texas Tax-Free Weekend 2023 Everything You Need to Know.
Texas Tax-Free Weekend 2023 Everything You Need to Know.
Get Ready for the Texas Tax-Free Weekend!
Attention, all shoppers! Mark your calendars because the highly anticipated 2023 Texas tax-free weekend for back-to-school shopping is just around the corner. From Friday, August 11, to midnight on Sunday, August 13, you have a golden opportunity to save big on your back-to-school purchases. With only three days to shop tax-free, it’s crucial to plan your trip and make the most of this money-saving event.
Texas Tax-Free Weekend Explained
Texas, known for its bustling economy, has a state sales tax rate of 6.25%. During the tax-free weekend, shoppers can take advantage of this sales tax holiday and save at least $6.25 on every $100 spent on qualifying purchases. Those savings can really add up, making this weekend an ideal time to check off your shopping list. So, how can you maximize your savings? Here’s everything you need to know!
What’s Included in the Tax-Free Weekend
The Texas sales tax holiday exempts most school supplies, clothing, and footwear from sales tax. However, it’s important to be aware of the rules and exclusions before heading to the store. To qualify for tax exemption, items must cost less than $100. For instance, if an item costs $150, you’ll only pay sales tax on the amount over $100. Here are some of the items that qualify for the tax holiday:
- Baby bibs, clothes, and diapers
- Jeans, shorts, slacks, and suits
- Baseball caps, hunting vests, and costume masks
- Socks, shoes, and sandals
- Backpacks and lunch boxes
- Calculators, rulers, and scissors
- Crayons, pencils, markers, and highlighters
- Notebooks, folders, and binders
- Back-to-school kits (if the value of tax-exempt items in a kit is more than the value of the taxable items)
However, some items don’t qualify for the tax holiday. Regardless of when you buy them, you will need to pay sales tax for the following items:
- Computers and tablets
- Printers and printer ink
- Textbooks and software
- Cleats and baseball gloves
- Watches, jewelry, handbags, and briefcases
- Bowling shoes
- Sewing items and buttons
- Safety glasses
- Barrettes, headbands, and other accessories
For a full list of taxable and tax-exempt items, interested shoppers can visit the Texas Comptroller website.
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Online Shopping during the Tax-Free Weekend
The good news is that qualifying purchases made online are also tax-exempt during the tax-free weekend. To ensure your order is tax-free, your items must be shipped to a Texas address and you must pay for the items during the tax-free weekend. Keep in mind that if your payment method is declined during the sales tax holiday and you resubmit the payment once it ends, your order will become taxable. Deliveries don’t need to be made during the tax-free weekend for items to qualify. Additionally, orders made via mail or telephone are eligible for the sales tax holiday, following the same rules as online purchases.
More Tax-Free Purchases Coming Soon
If you happen to miss the tax-free weekend, fret not! Starting from September 1, a new Texas sales tax relief law will go into effect, exempting several items from the state’s 6.25% sales tax. Here’s a sneak peek at some of the items you’ll be able to purchase tax-free next month:
- Baby diapers and wipes
- Baby bottles
- Maternity clothing
- Some feminine hygiene products
- Sterile bandages
What’s even better about this sales tax exemption is that it will be permanent for qualifying items, rather than just a weekend extravaganza.
Prepare yourself for a shopping spree during the Texas tax-free weekend! With the opportunity to save on essential back-to-school items, it’s an occasion you don’t want to miss. Remember to plan ahead, make a list, and take advantage of the tax-free benefits both in-store and online. Happy shopping!
