Kids return to school next month and that means school shopping. About half of states offer a back to school sales tax holiday. Kansas doesn’t offer a sales tax holiday but Missouri does. If you live in Kansas and next to the border then a short drive could save you a substantial amount of money in local and state sales tax. Additionally, several retailers will have sales during this time so it’s a great time to save.
The Missouri sales tax holiday begins at 12:01 a.m. on Friday, August 6th and runs through Sunday, August 8th. You will be able to buy certain items like clothing, school supplies, computers and other items exempt from state and local sales tax. It’s important to note that most cities participate but not all cities in Missouri do. Be sure to do your homework before heading out to shop.
These items are exempt from state and local sales tax during the back to school sales tax holiday:
Clothing – any item having a taxable value of $100 or less.
School Supplies – not to exceed $50 per purchase.
Computer software – taxable value of $350 or less.
Computers – not to exceed $1,500.
Computer peripheral devices – not to exceed $1,500.
Graphing calculators – not to exceed $150.
Shopping for back-to-school essentials is no small task nor cheap. Don’t forget to create a budget and a list before heading out to shop.
