Commentary Entertainment In the Pot The Roux

To School, Or Not To School, That Is The Question

The 2019-2020 school year ended in a manner, unlike anything I’ve ever seen in my lifetime. Parents, teachers, administrators, and more are making decisions across the country that will impact our children’s educational path in the upcoming school year.

The following podcast episode shares my experience and decision as a parent to assist my child’s education during a pandemic. Each household is different; however, when it’s all said and done, our children coming out of this historic moment full of joy, healthy, and whole is our primary goal.

Although most schools will not be open for in-person instruction, the annual Tax-Free Weekend is still in effect and will help parents save money for supplies and clothing. View the Tax-Free information below to learn the dates and states that will participate.

Arkansas

August 1-2

Clothing items under $100, clothing accessory or equipment under $50, school art supply, school instructional material, and school supply.

Connecticut

August 16-22

Clothing and footwear (not athletic or protective clothing or footwear, jewelry, handbags, luggage, umbrellas, wallets, watches, and similar items) that cost less than $100 per item.

Florida

August 7-9

Clothing, footwear, wallets, and bags that cost $60 or less, school supplies that cost $15 or less, and computers and accessories for home or personal use that cost $1,000 or less.

Iowa

August 7-8

Clothing and footwear (not accessories, rentals, athletic or protective) with sales price of less than $100 per item.

Maryland

August 9-15

Items of clothing (not accessories) and footwear with a taxable price of $100 or less.

Massachusetts

August 29-30

Nonbusiness retail sale of tangible personal property with a price of up to $2,500 per item.

Mississippi

July 31 – August 1

Clothing, footwear, and school supplies with sales prices of less than $100.00 per article.

Missouri

August 7-9

Noncommercial purchases of clothing (not accessories) with taxable value of $100 or less per item; school supplies up to $50 per purchase; computer software with taxable value of $350 or less; personal computers and computer peripherals up to $1,500; and graphing calculators with a taxable value of $150 or less. Localities may opt out. If less than 2% of retailer’s merchandise qualifies, retailer must offer a tax refund in lieu of tax holiday.

New Mexico

August 7-9

Footwear and clothing (not accessories or athletic or protective clothing) with sales price of less than $100 per item; school supplies with sales price of less than $30 per item; computers with sales price of $1,000 or less per item; computer peripherals with sales price of $500 or less per item; book bags, backpacks, maps and globes with sales price less than $100 per item; and handheld calculators with sales price of less than $200 per item. Retailers are not required to participate.

Ohio

August 7-9

School supplies with a price of $20 or less, clothing with a price of $75 or less, and school instructional materials with a price of $20 or less.

Oklahoma

August 7-9

Any article of clothing or footwear (excluding accessories, rentals, and athletic or protective clothing) that is designed to be worn on or about the human body and that has a sales price of less than $100.

South Carolina

August 7-9

Clothing (not rentals), clothing accessories, footwear, school supplies, computers, printers, printer supplies, computer software, bath wash clothes, bed linens, pillows, bath towels, shower curtains, bath rugs.

Tennessee

July 31 – August 2

Clothing (not accessories), school supplies, and school art supplies with sales price of $200 or less per item; and electronic devices with sales price of $3,000 or less per item.

Texas

August 7-9

Clothing and footwear (not accessories, athletic, protective, or rentals), school supplies, and school backpacks with sales price of less than $100 per item.

Virginia

August 7-9

School supplies and clothing: clothing and footwear with selling price of $100 or less per item, and school supplies with selling price of $20 or less per item.

Source: Mark Luscombe, JD, LL.M, CPA/Carol Kokinis-Graves, JD, Wolters Kluwer Tax & Accounting