Tax-Free Weekend in South Carolina
Tax-free items in South Carolina this weekend include computers, clothes, school supplies. Shoppers save on sales tax during this annual 3-day event starting Friday. State officials estimate $18 million in tax-free purchases last year. Explanation of tax-free weekend concept – temporary sales tax exemption on some goods. Guide on what is eligible for tax exemption during this event. List of tax-free items like clothes, computers, backpacks. Dates of tax-free weekend – starts Friday August 5 at midnight, ends Sunday August 7. Tips to save money – shop early for best selection. Online purchases also exempt from sales tax. Most shoppers spent on clothing, shoes last year. Visit website for the full list of qualifying items.
Eligibility of Items
The SCDOR added that new and used items under those guidelines are eligible to be purchased tax-free. Items not eligible include digital cameras, smartphones, jewelry, cosmetics, eyewear, wallets, watches, and furniture. The SCDOR said shoppers bought more than $26.2 million in tax-free items during the sales tax holiday in 2022. Click here for more information. Stay with WMBF News for updates.
Information on Tax-Free Weekend
"With the increased cost of inflation, this year’s Sales Tax Holiday is a welcome relief for families. Everyone saves money during Tax Free Weekend, particularly on back-to-school essentials," SC Department of Revenue (SCDOR) Director Hartley Powell said. Visit dor.sc.gov/taxfreeweekend for a detailed list of tax-free items. Nina Tran covers trending topics for the Greenville News. Reach her via email at [email protected].
Last year, shoppers in the Palmetto State bought more than $26.2 million in tax-free items during the sales tax holiday, up from just over $24 million spent during the holiday weekend the year before. Some eligible tax-free items include: Art supplies for school. Athletic uniforms…. Keep in mind that eligible items are still tax-free if you shop online. For a complete list of items that will be tax-free this weekend in South Carolina, visit www.dor.sc.gov/taxfreeweekend.
Eligibility Rules in SC
Not all items are eligible for tax exemption during Tax Free Weekend in South Carolina. Eligible items typically include clothing, school supplies, computers, and certain home goods. Additionally, there are restrictions on the cost of eligible items. For example, in South Carolina, clothing items must be priced at $100 or less per item to qualify for tax exemption.
During Tax Free Weekend in South Carolina, sales tax is waived on eligible items. Keep in mind that this exemption only applies to the state sales tax rate and not to any local sales tax that may apply.
Items Included in Tax-Free Weekend
South Carolina’s tax-free weekend holiday is upon us and is one of the best times of the year to save money for back-to-school items, among other household necessities. The tax-free holiday has been a tradition since 2000 and runs from Aug. 6 to 8, beginning at 12:01 a.m. this Friday. Shoppers who purchase eligible items within the 72-hour period will bypass the state’s 6% sales tax, regardless of whether they are a state resident. But before hitting the stores to fill those carts, shoppers should know which items are eligible for the tax break and which ones aren’t. Eligible items include:
South Carolina Sales Tax
Sales tax is imposed on the sale of goods and certain services in South Carolina. The statewide sales and use tax rate is six percent (6%).
Conclusion
This tax-free holiday is online this weekend as well. Shoppers save a collective average of $2-3 million on each tax holiday in South Carolina. It began in 2000 in the state, and unlike Georgia, which dropped its tax-free holiday two years ago, the S.C. one is still going strong.