Retail

Sales tax holidays are coming up. Here’s where your state stands

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This summer, more than a dozen states are offering shoppers a back-to-school sales tax break.

Whether it’ll be enough to draw legions of parents to mom-and-pop shops amid a pandemic is looking iffy.

Depending on the state where you’re shopping, you can knock off anywhere from 4% (Alabama) to 7% (Tennessee) when you’re buying clothes, shoes and school supplies during select weekends, according to personal finance site WalletHub and the Federation of Tax Administrators.

These are the 16 states that are offering a back-to-school break this summer: Alabama, Arkansas, Connecticut, Florida, Iowa, Maryland, Massachusetts, Mississippi, Missouri, New Mexico, Ohio,…



Source cnbc.com

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