When is the sales tax holiday in Iowa, Illinois?

0

The sales tax holiday is a great time to save money while stocking up on back-to-school items. Here’s when to shop in Iowa and Illinois.

MOLINE, Ill. — After a hot and seemingly too short summer, students in the Quad Cities area are returning to class.

The costs of sending a student to school are adding up this year due to the rising cost of clothing, shoes and school supplies. Families are expected to spend an average of $864 per student this year, according to the National Retail Federation, and the cost of school supplies and necessities averages $1,199 for families with one student.

The sales tax holiday is a great time to save money while stocking up on the last back-to-school items on your list, and tax-free days begin this Friday, August 5 in Iowa and Illinois.

Find out when to buy and which items are eligible for the sales tax reduction below:

Illinois tax holiday:

When:

The 2022 sales tax holiday in Illinois runs from Friday, August 5 through close of business Sunday, August 14, according to the Illinois Department of Revenue.

Eligible items:

During the holidays, certain clothing and school-related items will receive a reduced sales tax rate, dropping from 6.35% to 1.25% statewide.

Qualifying apparel and footwear must have a retail price of less than $125 per item. School supplies are not subject to the $125 limit, but expensive computers, cameras, cell phones and specialized art supplies do not qualify.

For a full list of eligible items, click/tap here.

RELATED: Target, Kohl’s Offer Educators Back-to-School Discount

IowaSales tax holiday:

When:

The 2022 sales tax holiday in Iowa begins at midnight Friday, August 5 and ends at 11:59 p.m. Saturday, August 6, according to the Iowa Department of Revenue.

Eligible items:

Clothing and footwear purchased online or in-store with a sale price of less than $100 will be exempt from 6% state sales tax. Accessories, such as watches, jewelry and sports equipment, as well as specialized clothing or footwear not intended for everyday use are not eligible.

The waiver applies to all qualifying items with an individual price of less than $100, regardless of the number of such items sold on the same receipt.

Click/tap here for more information on what is taxable or exempt.

More “School Zone” headlines from WQAD News 8:

Share.

Comments are closed.