7114 Maynardville Pike Knoxville, TN 37918
p 865.922.4828 f 865.922.3636
Tennessee Tax Free Weekend
The Tennessee tax free weekend is almost here! With the annual Tennessee sales tax holiday on the horizon, parents across the state are looking forward to saving money on back-to-school items, clothes and computer purchases. As the old adage goes, “a penny saved is a penny earned.” We’ve got the details on when the sales tax holiday takes place and what’s available tax-exempt.
The Tennessee tax free weekend officially begins this Friday, July 28, 2017 and ends just before midnight on Sunday, July 30, 2017. If you plan on taking advantage of the sales tax holiday, it’s a good idea to make a list of what you need and double check to make sure the items are on the tax-exempt list. You can find a complete list of those items from the Tennessee Department of Revenue here.
During the Tennessee tax free weekend, shoppers will get a sales tax break on purchases of clothing and school supplies of less than $100. For clothes, that does not include luxury items like jewelry, sports gear or single apparel items that cost more than $100. Although check with individual retailers, as many of them will jump on the sale train and offer additional clothing items without tax at their own expense.
Shoppers can also get a break during Tennessee tax free weekend on purchases of computers costing less than $1,500. This includes laptops and tablet computers. Items like smart phones, video game consoles and printer ink are not tax exempt, though.
The idea behind the Tennessee sale tax holiday is to help families save money on expenses while also stimulating the local economy. And it’s worked beautifully! As it’s turned out, local retailers have taken advantage of the opportunity to move more items during the huge uptick of shoppers. Many local and even national retailers operating in Tennessee are now offering all kinds of items tax free during the sales tax holiday, regardless of whether or not they’re on the state’s approved list of items. While the state doesn’t recoup the cost to the retailer for anything sold that doesn’t qualify, they’re still willing to do it because they’re able to move so much merchandise, and still maintain a health profit-margin. So start with the items that are covered everywhere in the state, then look for other deals you can score. And, if you’re smart about it, you can rack up the savings during the tax free weekend.