Florida Tax Free 2022: All You Need To Know
The Sunshine State is known for its gorgeous beaches, iconic theme parks, and vibrant culture. However, it’s also one of the few states that does not have an income tax. That means that Florida residents have the chance to save money on their taxes in 2022, as the state has announced that it will be offering a tax-free holiday on certain items. This year’s tax-free holiday will run from April 1, 2022 to April 30, 2022 and will include items such as clothing, shoes, and school supplies.
What Items are Tax Free?
The items that are eligible for the tax-free holiday include clothing and accessories that cost $60 or less, school supplies (including backpacks, lunchboxes, and calculators) that cost $15 or less, and computers that cost $1,000 or less. This means that shoppers can save up to 6% on these items, depending on the local sales tax rate. It also means that parents can save money on back-to-school shopping, as kids will need to purchase new clothes, school supplies, and even computers for the new school year.
What Items are Not Tax Free?
Unfortunately, the tax-free holiday does not cover all items. Items such as jewelry, handbags, furniture, and electronics are not eligible for the tax-free holiday. Additionally, items that cost more than the specified limits (e.g. $60 for clothing) are also not eligible. It’s important to keep in mind that the tax-free holiday only applies to sales taxes, and not other taxes (such as county or city taxes).
How to Take Advantage of the Tax-Free Holiday
The best way to take advantage of the tax-free holiday is to plan ahead and make a list of items that you need. This will help you stay within the budget for each item and ensure that you are only buying items that are eligible for the tax-free holiday. Additionally, it’s a good idea to shop around for the best deals, as some stores may offer better prices than others. Finally, if you are planning to purchase a computer, be sure to compare prices from multiple vendors to get the best deal possible.
Tips for Shopping During the Tax-Free Holiday
It’s also important to remember that the tax-free holiday only applies to purchases made at physical stores, not online. Additionally, it’s a good idea to shop early in the month, as many stores will run out of the most popular items quickly. Finally, be sure to bring proof of purchase of any items that you purchase, as some stores may require it.
Conclusion
The Florida tax-free holiday is a great way for shoppers to save money on their purchases. However, it’s important to plan ahead and know what items are eligible for the holiday. Additionally, it’s a good idea to shop early in the month to get the best deals and be sure to bring proof of purchase for any items that you purchase. With a little planning and preparation, you can save money on your purchases in 2022.