St. Louis, Mo - Parents spend billions of dollars a year on their back-to-school and college shopping. In anticipation of the back-to-school crunch, Missouri offers a “sales tax holiday,” or tax-free weekend, on qualified school supply purchases each August.
In 2018, the sales tax holiday begins at 12:01 am on Friday, August 3, and runs through Sunday, August 5.
Before you dive into buying new clothes and supplies, the Better Business Bureau (BBB) has valuable tips for making the most out of your back-to-school shopping this tax-free weekend.
It’s important to note not every item you may be shopping for, will be tax-free. According to the Missouri Department of Revenue’s FAQs about the 2018 tax holiday, the tax holiday exempts any article of clothing or footwear designed to be worn on or about the body, personal computers and peripheral computer devices, computer software and typical classroom school supplies.
Eligible purchases are limited to a taxable value of $100 for clothing or footwear, $1,500 for personal computers and peripheral devices, $300 for computer software, and $50 for school supplies.
The tax-free exemption applies to purchases made in-store, online, by telephone and by mail.