Northwest Iowa — If you’re working through rising prices of children’s school supplies and inflation, you can find some relief by planning for Iowa’s sales tax-free weekend.
Mark your calendar for this once-a-year opportunity, next weekend, August 4-5, to expand your student wardrobes without paying state and local sales tax. This means consumers will save at least $6 on every $100 they spend for clothing and shoes.
Iowa’s annual sales tax holiday kicks off at 12:01 a.m. Friday, August 4 and runs through midnight Saturday, August 5. Although the two-day event falls during the back-to-school shopping season, the exemption applies only to certain apparel and footwear priced less than $100. Waived on such items are the state sales tax of 6 percent and any local option sales tax. Many municipalities have a separate 1 percent sales taxes for the city and school district. This means that during the sales tax holiday, shoppers could save between 6-7 percent depending on their location, or approximately $7 on an item which is less than $100.
For more information and a complete list of what’s included in the tax holiday, visit the state’s website at https://tax.iowa.gov/iowas-annual-sales-tax-holiday.
