does tax free wkend really help?

Question

i was just wondering if it would be better to go this wkend for all the school things or just wait til next week.

Answer 1

You save whatever your tax rate is, which will be less than 10%. I personally avoid tax free weekend and just wait for the items to go on sale. You are usually better off buying on sale than going for the <10% discount on the taxes.

Answer 2

Usually a no sales tax weekend will create much of a difference unless you are buying so much school supplies you are going to generate a real savings in sales tax. You just better off waiting for a sale to occur.

Answer 3

you'll save the sales tax. I've attached a link to the states that have tax free time periods, since I don't know what state you are referring to.

My wife and I are going shopping this weekend, as it's tax free weekend in MA, and we have 2 sons going off to college in the fall, so we will be using the tax free advantage to the max.

Answer 4

Well, most of the states that have it waive the state portion of the sales tax. State sales taxes average around 5.5%. You still have to pay the local portion of the tax in most jurisdictions.

So, if your state is "average" and you spend $1,000 on eligible purchases you'll save $55.00. I guess that every little bit helps, but it's certainly no windfall for most folks.