Everyone wants to save a lot of money on Florida’s tax-free weekends. From July 29 to August 11, 2024, Florida has a sales tax holiday for back-to-school. During these two weeks, shoppers won’t have to pay tax on certain things they buy during that time.
Florida Tax-Free Weekend 2024
During 2024, there are a number of sales tax holidays that will keep people from having to pay sales tax on certain things. The following gives an overview of these tax-free weekends, including the times, items that are tax-free, and benefits.
Florida will have five sales tax breaks starting in 2024. Gov. Ron DeSantis signed a bill that made those holidays about getting ready for disasters, shopping for school supplies, and spending time outside.
Families and people can relax during the holidays, which are important times of the year. In 2024, Florida will have a sales tax break for back-to-school shopping from July 29 to August 11.
What Items are Tax-Free During the Florida Tax-Free Weekend 2024?
Clothing, Footwear, and Accessories
- Exempt: Most clothing, footwear, and accessories selling for $100 or less per item. Examples include shirts, pants, dresses, shoes, hats, and belts.
- Exempt: Jewelry, watches, handbags, luggage, and similar items are usually exempted.
School Supplies
- Exempt: Most school supplies costing $50 or less per item. Items that come under this category include notebooks, pencils, crayons, backpacks, and calculators.
- Not exempt: Not usually included in this are computers, software, and electronics.
Learning Aids and Jigsaw Puzzles
- Exempt: Educational learning aids and jigsaw puzzles, provided the selling price of each item does not exceed $30. Items include educational games, flash cards, and puzzles.
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Personal Computers and Related Accessories
- Exempt: Personal computers and related accessories if the selling price is $1,500 or less. Items include desktops, laptops and tablets, computer monitors, keyboards, mice, and computer software.
- Not exempt: generally excludes televisions, video game systems, and video games.
- Price Limits: These are per item, not per transaction. You can purchase more than one item, provided each item is within that price range.
- Specific Exclusions: Some purchases, even within the categories listed, may not be tax-exempt. Always check the official Florida Department of Revenue webpage for the most current and accurate information.
- Online Purchases: You can also make tax-free purchases online from Florida retailers.
Purchase Limits During Florida’s Tax-Free Weekend 2024
The Back-to-School Sales Tax Holiday in Florida only applies to certain things and price ranges. In order for a thing to get the tax exemption, it must meet these conditions.
- Clothing, Footwear, and Accessories: Each article of clothing or footwear must be priced at or below $100 to be exempt. This will include most shirts, pants, dresses, shoes, hats, and belts.
- Usually excluded, however, are such items as jewellery, watches, handbags, luggage, and similar items.
- School Supplies: School supplies must become $50 or less per item to be tax-free. Examples of such products are notebooks, pencils, crayons, backpacks, and calculators. Computers, software, and electronics generally do not fall into this category.
- Learning Aids and Jigsaw Puzzles: Such learning aids must have a selling price of $30 or less per item. This would include educational games, flashcards, and puzzles.
- Personal computers and the accompanying peripherals must cost $1,500 or less. Examples include desktops, laptops, tablets, computer monitors, keyboards, mice, and computer software. It generally excludes a TV, video game console, or video game.
Impact of Florida’s Tax-Free Weekends 2024
- Direct Savings: The most apparent advantage is the short-term financial savings that consumers feel from the event. When sales tax is not in effect for qualified items, shoppers can spend more on purchases in general.
- Increase in Sales: Tax-free weekends usually see a surge in sales for retailers, which is very beneficial for businesses of all sizes.
- Job Creation: Higher sales almost invariably translate to more staff, which creates jobs and fuels economic growth.
- Boost to Tourism: For states such as Florida, that heavily rely on tourism, tax-free weekends would bring many visitors who come there primarily to take advantage.
- Tax Revenue: Although it seems a bit counterintuitive, tax-free weekends increase tax revenues indirectly. Increased economic activities often translate into higher aggregate tax collections.
- Focus on Education: Florida’s back-to-school sales tax holiday directly supports education simply by offering some essential school supplies at a lower price.