Tax-Free Weekend In Texas: What You Need To Know In 2023
It’s no secret that taxes can be a major burden on everyday folks. That’s why the state of Texas offers a tax-free weekend every year. During this weekend, qualifying items are exempt from sales tax, saving shoppers a lot of money. In 2023, the tax-free weekend in Texas will begin on August 13th and end on August 15th.
What Qualifies for the Tax-Free Weekend in Texas?
The items that are eligible to be tax-free during the weekend are clothing, backpacks, and school supplies. Specifically, clothing items that are priced at less than $100 will qualify for the tax-free weekend. Backpacks that are priced at less than $100 qualify for tax-free status, as well. School supplies that cost less than $100 are also eligible for the tax-free weekend.
Where Can I Take Advantage of the Tax-Free Weekend?
The tax-free weekend will be available all across the state of Texas. In addition, the tax-free weekend will also be available in all U.S. states that have a sales tax, so you can save money even when you’re traveling. Of course, you should always check with the individual retailers to make sure they are participating in the tax-free weekend.
Are There Other Tax Breaks Available?
In addition to the tax-free weekend in Texas, there are other tax breaks available to consumers. For instance, the state of Texas offers a Homestead Exemption, which exempts a portion of the value of a home from property taxes. In addition, Texas also offers an Age 65 or Older/Disabled Exemption, which can reduce the amount of property taxes owed by qualifying individuals.
What Other States Offer a Tax-Free Weekend?
In addition to Texas, many other states offer a tax-free weekend as well. For instance, Alabama, Arkansas, Florida, Iowa, Louisiana, Maryland, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Virginia, and Wisconsin all offer some form of a tax-free weekend. The items that qualify for a tax-free weekend, as well as the dates of the weekend, will vary from state to state.
What Should I Do to Prepare for the Tax-Free Weekend?
If you’re planning on taking advantage of the tax-free weekend in Texas, there are a few things you should do to prepare. First, make a list of the items that you need to buy. This will help you stay on track and make sure you don’t miss any items. Secondly, research the stores that you plan on shopping at to make sure they are participating in the tax-free weekend. Finally, make sure you have all of your necessary paperwork and identification with you, as some stores may require you to show proof of residency or age.
Where Can I Find More Information?
If you want to find more information about the tax-free weekend in Texas or other states, there are several resources available. The Texas Comptroller’s Office has a website that provides detailed information about the tax-free weekend. In addition, the Internal Revenue Service (IRS) website has a list of all states that offer tax-free weekends and provides more information about the items that qualify.
Conclusion
The tax-free weekend in Texas is a great way to save money on necessary items like clothing, backpacks, and school supplies. Be sure to take advantage of the tax-free weekend in 2023, which will take place from August 13th to August 15th. To make the most of the tax-free weekend, make a list of the items you need to buy, research the stores you plan on shopping at, and make sure you bring all of your necessary paperwork and identification with you.