Here’s What You Can Save On During Iowa’s Tax-Free Weekend
It's almost time to send our kiddos back to school!
One sure signal that the summer is drawing to a close is tax-free weekend. It's when a lot of us get back-to-school clothes and supplies for our kids and it's a good time in general to do some shopping.
It's also an opportunity for some fall brides to save money too.
When Is Iowa's Tax-Free Weekend In 2024?
Iowa's tax-free weekend is this weekend, starting at 12:01 a.m. on Friday, August 2nd- midnight on Saturday, August 3rd. Sunday, August 4th isn't included in the tax-free weekend.
What's Taxable & What's Exempt
Iowa has a handy-dandy list of what's going to be taxed and what's not, but tax-exempt items include:
- Underclothes (socks, bras, underwear)
- Sneakers
- Coats/jackets
- Jeans
- Shirts
- Pajamas
- Work & school uniforms
- Bridal apparel
Basically, clothing & shoes that are under $100 will be tax-free this weekend. And yes, that includes online orders (that meet the requirements) too.
The tax-free exemption does not apply to backpacks, watches, jewelry, or things that are over $100.
When it comes to back-to-school shopping, experts predict that most of a family's spending will be on clothes, followed by electronics, then school supplies. Experts say you should set and stick to a budget, compare prices before you go out, and remember that stores will be busy this weekend for the holiday. And in Iowa's case: remember that the tax-free weekend does not include Sunday.
The Iowa Legislature first approved the tax-free weekend in 2000, waiving the normal 6-7% sales tax.
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