As the summer break begins to draw to a close, parents are gearing their children with the supplies necessary to succeed throughout the school year. And every year, there’s that anticipated weekend guaranteed to put a smile on the face of every taxpaying parent – yes, we’re talking about the annual Sales Tax Holiday Weekend.
The State of South Carolina hosts its sales tax holiday this weekend beginning on Friday, August 5, and ending in the late evening on Sunday, August 7. During this time, you can purchase typical “Back-to-School” items exempt from the state’s sales tax and any other applicable local sales tax.
These items include
- Clothes and shoes
- Bedspreads and linens
- Computers and printers
- School supplies and book bags
You may also save money on various electronic items like computer software and hand-held computers or bathroom supplies such as washcloths, towels, and bath mats; however, there are numerous items that aren’t included in the tax breaks. This list from the State of South Carolina Department of Revenue conveniently details which store items are exempt and not exempt.
According to statistics, shoppers typically save around $2 to $3 million in sales tax throughout the entire weekend. Not only does the holiday weekend allow parents to save money on essential school items for their kids, but it also boosts in-state businesses with the increased shopping traffic.
Many other states host their own tax-free weekend, which you can find here if you’re not a resident of South Carolina. You can also check your state’s Department of Revenue website for more detailed information about its sales tax holiday.
For major purchases outside of this weekend, don’t forget to save those receipts! Check with your local tax professional about deducting those amounts from your tax bill. If you need more time before filing your tax return, e-file IRS Form 4868 for a tax extension. Even better – download our FREE Express4868 mobile app for iOS or Android devices to conveniently e-file without missing any of the tax-free excitement this weekend!
For any questions or assistance with the e-filing process, don’t hesitate to contact our U.S. – based customer support – we are more than happy to help out. Call us at 803.514.5155, Monday through Friday from 9 a.m. to 6 p.m. EST, or write to us anytime you can with [email protected].