Tax-Free Weekend in Tennessee is a popular event that lets people temporarily avoid paying sales tax on certain things. In 2024, the Tennessee Tax-Free Weekend will take place from.
Tennessee Tax-Free Weekend 2024
Families getting ready for back-to-school look forward to Tennessee’s yearly sales tax holiday, which is also known as the “tax-free weekend.” This event will happen in 2024 from Friday, July 26, 12:01 AM, to Sunday, July 28, 11:59 PM.
Residents can buy certain things during this time without having to pay state sales tax. This is a big savings for families with school-age children. Three main types of things are not taxed over the weekend: clothes, school supplies, and computers.
Tennessee Tax-Free Weekend 2024 Eligibility
Eligibility for Tax-Free Purchases
- Eligible: General apparel items priced at $100 or less per item. This includes shirts, pants, dresses, shoes, and other clothing items.
- Not Eligible: Jewellery, watches, handbags, luggage, sports equipment, and protective gear.
School Supplies
- Eligible: School and art supplies priced at $100 or less per item. This includes items like notebooks, pencils,backpacks, calculators, and art supplies.
- Not Eligible: Computers, software, and electronics.
Computers
- Eligible: Computers for personal use with a purchase price of $1,500 or less. This includes desktops, laptops, and tablets.
- Not Eligible: Computer accessories like printers, monitors, and software.
- Layaway Purchases: Items placed on layaway during the Tax-Free Weekend are not exempt unless the full payment is made and the merchandise is picked up during the tax-free period.
- Online Purchases: Qualifying items purchased online during the Tax-Free Weekend are also exempt from sales tax.
- Rental or Lease Agreements: Sales tax applies to rental or lease agreements, even if the items qualify for the tax-free exemption.
- Retailer Discretion: While retailers are generally expected to comply with the Tax-Free Weekend rules, it’s essential to verify with the store if you have any questions.
How to Save During Tax-Free Weekend?
Tax-free weekends are a great time to save money on certain things, but you need to plan your shopping ahead of time to get the most out of your savings. Here are some ideas:
Planning and Preparation
- Make a list: Identify essential items needed for the upcoming school year or other purposes. This prevents impulse buying.
- Set a budget: Determine how much you can spend and stick to it. This avoids overspending.
- Research prices: Compare prices both online and in-store to find the best deals.
- Check store policies: Understand each store’s return policy and any specific tax-free weekend rules.
ALSO SEE;-South Carolina Tax-Free Weekend 2024 Date, Eligible Items, Guidelines
Shopping Strategies
- Shop early: Arrive at stores early to avoid crowds and ensure availability of desired items. Some retailers offer early bird discounts.
- Combine savings: Look for additional discounts or coupons to stack with tax-free savings.
- Buy in bulk: If eligible items can be purchased in bulk, you might save more per unit.
- Consider online shopping: Many retailers offer tax-free shopping online, providing a wider selection and potential price comparisons.
- Focus on essentials: Prioritize items on your list and avoid unnecessary purchases.
- Review receipts: Verify that all eligible items are tax-exempt.
- Return unwanted items: If you find something you don’t need, return it promptly for a refund.
Tennessee Tax-Free Weekend 2024 Schedule
Tennessee gives merchants a break from paying sales tax every year. The tax-free weekend gives families a chance to get ready for the new school year by temporarily not having to pay sales tax on certain things.
The Tennessee Tax-Free Weekend for 2024 is scheduled for:
- Start Date: Friday, July 26, 2024, at 12:01 AM
- End Date: Sunday, July 28, 2024, at 11:59 PM
Residents can buy certain things during these three days without having to pay state or local sales tax.
How to Purchase During Tennessee’s Tax-Free Weekend 2024?
Purchasing items during Tennessee’s Tax-Free Weekend is straightforward. Here’s a general guide:
- Identify Eligible Items: Ensure the items you plan to purchase qualify for the tax exemption (clothing, school supplies, and computers under specific price limits).
- Utilize online shopping: Many retailers offer tax-free shopping online, providing convenience and a wider selection of products.
- Choose Your Retailer: Decide where you want to shop. Many brick-and-mortar stores and online retailers participate in the tax-free weekend.
- Consider store loyalty programs: If you’re a member of a store’s loyalty program, you might receive additional discounts or rewards during the tax-free weekend.
- Make Your Purchase: Visit the store or shop online during the tax-free weekend (July 26-28, 2024).
- Check Your Receipt: Verify that the sales tax has been removed from your purchase.