The annual Arkansas Sales Tax Holiday can be a help to families sending children back to school, but a little planning can help shoppers save more and prevent unwelcome surprises at checkout, said extension family and consumer science experts.
This year’s sales tax holiday begins Saturday, Aug. 5, at 12:01 a.m. and continues through Sunday, Aug. 6, at 11:59 p.m. State and local sales taxes will not be collected on the purchase of certain products. All retailers are required to participate.
“The sales tax holiday covers clothing, footwear, school supplies, art supplies and instructional materials,” said Laura Hendrix, associate professor and extension personal finance expert for the University of Arkansas System Division of Agriculture. “It also includes electronics such as computers, printers, tablets, monitors and cell phones.”
Before heading out for back-to-school shopping, Hendrix recommends:
• Take inventory of what you need or want to purchase.
• Examine your budget and determine how much to spend.
• Have a plan for how you will pay.
• Make a shopping list.
• Set a spending limit.