It’s the most wonderful time of the year! (Well, one of them…) Tax-free weekend is just around the corner and this is a prime time to take advantage of savings in a big way. If you’re wondering what tax-free weekend is, keep reading to learn how World can help you make the most of it.
What is tax-free weekend?
Launched in the 1990s (in most states), tax-free weekend is exactly what it sounds like: a weekend during which select goods are exempt from state sales tax.
What items are eligible during tax-free weekend?
Items included in tax-free weekend vary by state. Typically, the list of tax-free items includes clothing, school supplies and technology like computers. That said, states have discounted everything from Energy Star appliances to hunting supplies, air conditioners to water conservation materials, so it really runs the gamut.
Consult the table below for the most up-to-date information on your state.
Source: https://www.taxadmin.org/2021-sales-tax-holiday
Do online purchases qualify?
Good news! In most states, tax-free savings DO apply to online purchases. Typically, the only requirement is that the online retailer does business in your state and that your items qualify based on your state’s tax-free regulations. Big online retailers like Amazon generally will take the sales tax off your purchase automatically.
Need some extra cash to make the most of this tax-free weekend?
Since tax-free weekend only comes around once a year, you’ll want to make sure you have the funds you need to take advantage of tax-free savings. If you could use a little extra cash, a loan from World is a great way to get it. The application is simple and secure. Direct to debit funding even makes it possible to get your money sent straight to your debit card, often in as little as an hour of approval.