There will be no sales tax in South Carolina from August 2 to August 8, 2024. Residents can use this time to buy as many clothes, school supplies, and other things as they want without paying any extra fees. It tells you everything you need to know about South Carolina’s Sales Tax Holiday or Tax-Free Weekend.
South Carolina Tax-Free Weekend 2024
In the US, the sales tax holiday is very famous because it lets people buy certain goods and services without paying sales tax. A lot of US states have said they will have sales tax breaks in 2024, or they already have.
Sales tax-free holiday shopping has been legal for decades to help people save money during times of rising prices and to increase people’s ability to buy things. The sales tax break is different in each state and lasts for different amounts of time. During the tax-free weekend, people who live in the state can buy certain things in person or online.
The South Carolina Department of Revenue has announced the dates of the yearly tax-free weekends in South Carolina. They will run from August 2, 2024, to August 4, 2024. People can get good deals and save a lot of money during the sales tax-free weekend. Parents of kids can use this chance to conveniently buy school items for the new school year without having to worry about money issues.
Reports say that South Carolina saved a lot of money last year by shopping for about $30.4 million worth of tax-free things over the tax-free weekend.
South Carolina Tax-free Weekend 2024 Eligible items
As we already said, during the tax-free weekend, people can buy some things without having to pay sales tax. To get the most out of this sales tax holiday, people need to know what items are tax-free and what items are not.
For 2024 sales tax holidays, people in South Carolina can look at the following list of items that the South Carolina Department of Revenue has chosen are eligible:
- Wearing clothes and shoes
- Things that kids need for school, like backpacks, clothes, books, lunchboxes, and more
- Computers, software, printers, and printer materials (but not for business use) are modern school necessities.
- Other things, like diapers, gloves, earbuds, bed and bath goods, and so on.
Non-eligible items:
The government has left out the following things from the tax-free weekend, so if you buy them, you’ll have to pay the 6% sales tax or local taxes:
- Jewelry
- Smartphones
- Furniture
- Watches
- Eyewear
- Digital Cameras
- Cosmetics
- Wallets
On the website for the South Carolina Department of Revenue, people can see a full list of all the things that are tax-free over the weekend of 2024. While the items are tax-free, shoppers can buy any qualifying item at any price because the South Carolina Revenue Department has not set a maximum amount that can be bought.
Also see;-Arkansas Tax-Free Weekend 2024 Date, Eligible Items, Purchase Limit
Guidelines for the South Carolina Tax-free Weekend 2024
During the next tax-free weekend, people in South Carolina should remember the following rules:
- Residents can buy the qualifying things during the 72-hour event, which starts at 12:01 a.m. on Friday, August 2, 2024, and ends on Sunday, August 4, 2024.
- On the weekends, the resident can buy the eligible things in-store or online without having to pay any local taxes or the 6% sales tax.
- People who buy something and then want to return it after the weekend will not be charged any extra tax on the purchase.
- You can tell the Revenue Department about any stores that charge sales tax on items that are exempt from tax. If you pay the sales tax on an eligible item, you can get your money back.
Tips to save more in the upcoming South Carolina Tax-Free Weekend
Follow these tips to save a lot of money during the sales tax-free holiday in 2024 if you live in South Carolina, especially on things your child needs for school:
- Prior to the tax-free weekend, you should make a list of the things that you can buy. This way, you can get them without having to think about what to buy next. You should put the things on the list that are eligible at the top of the list by price.
- You should check with a few stores the day before to make sure you can find the things on your list that are tax-free over the weekend. This way, you won’t have to go from store to store, which will save you time and energy.
- Plan your spending ahead of time so that you only buy what you need. Also, don’t go overboard when you shop, because sales can make you buy things you don’t need, so be careful when you buy something.
- If you want to save a lot of money while shopping on a tax-free weekend, use coupons, discounts, or super-saving deals. Prepare ahead of time to find out about the best deals in shops and online to get the most out of the sales tax holidays.
How does the tax-free weekend affect Retailers?
While the sales tax holiday is going on, stores that sell eligible things during the tax-free weekend cannot charge customers the correct sales tax on those purchases. When stores file their next sales tax report, the government lets them deduct sales tax from their total sales tax liability.
So, South Carolina stores that want to take advantage of the upcoming tax-free weekend should file their August sales tax return in September so that they can get the sales tax credit. In order to file their sales tax return, stores should keep track of all the tax-deductible things they sell and their receipts.
Just one week from now, the South Carolina sales tax holidays will be here. Make sure you have your shopping list ready, and shop wisely to save a lot of money.