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The yearly back-to-school weekend shopping spree, which is tax-free, has arrived. Sales taxes will not apply to purchases of school supplies from Friday through Sunday.
The annual tax-free weekend of back-to-school shopping has begun. From Friday through Sunday, no sales taxes will be applied to purchases of school supplies. (Photo: Bankrate)
Back-to-school Shopping Season Begins Tax-free Holiday
The shoes, backpacks, and clothing items are necessities, according to Sean Phillips, senior marketing director for the West County Center.
Fox2 Now reported that because the tax is approximately 10% when you shop at the mall, Phillips noted that this is a fantastic chance for everyone to save money. Therefore, if you spend $2,000 on a computer, you will save paying $200 in taxes.
The back-to-school shopping season begins with the tax-free holiday, offering people a chance to browse all the sales and save money.
The participating malls are those in West County, Mid Rivers, and South County. What qualifies? Clothes with a taxable value of no more than $100; school supplies, no more than $50 per purchase; computer software, no more than $350; personal computers, no more than $1,500; other computer hardware, such as a mouse, keyboard, or external hard drive, no more than $1,500; and graphing calculators, no more than $150.
According to Phillips, there are several new retailers at West County Center. The Offline by Aerie store, which recently debuted, has proven to be very popular with teenagers shopping for back-to-school supplies.
READ ALSO: What To Expect During Tax-Free Weekend In Arkansas And Oklahoma In 2023
Missouri’s Tax-free Weekend
Every store in Kansas City and the rest of the state will participate in Missouri’s tax-free weekend, according to the Missouri Department of Revenue.
After Senate Bill 153 was passed in 2021, local governments in the state can no longer choose to not collect the sales tax.
As reported in iFamilyKC.com, online purchases of tax-exempt goods also count toward the tax-free weekend, according to the Department of Revenue. Items can be mailed to addresses in Missouri after the weekend, but the transaction has to be finished between August 4 and 6.
The malls open at 10:00 a.m. to 8 p.m. 11 a.m. on Friday and Saturday. to 6 p.m. last Sunday.
Only 16 states in the nation—including Missouri—offer tax-free back-to-school shopping.
READ ALSO: Sales Tax Holiday 2023 In Arkansas Announced— See Which Dates Are Tax-Free!
