The idea of being able to avoid sales tax, and to save massive amounts of money on things you buy is certainly an alluring one.
We love to save money, and even more so to save money on things that might otherwise be very expensive.
That’s why tax free weekends, otherwise known as tax holidays, are so popular whenever they occur.
Countless shoppers head to their favorite stores when tax holidays roll around, and buy 49% more products than they would on an average day!
The only problem with tax holidays is that they can vary from state to state, and location to location. If you live in one state, your tax holiday may be on a totally different day from another state!
Do you live in South Carolina, and want to know when you can expect to see your next tax holiday? Then make sure to read on down below, because we have the answers you seek!
When Is Tax Free Weekend In South Carolina?
The South Carolina tax free weekend occurs this year from Friday the 5th of August, through to Sunday the 7th of August.
In general, tax free weekends in South Carolina tend to occur most regularly towards the beginning of August, on the first weekend of the month.
Why Do Tax Free Weekends Happen?
Generally, tax free weekends are decided by local governments to help incentivise local people to invest in businesses and to spend a little bit more money.
This is often done towards important holidays, to give people even more incentive to spend money and stimulate the economy.
In New York, for example, tax free weekends often occur in the weeks leading up to school term time, so that parents and students can save on their supplies.
Tax free weekends can also be enacted in order to help stimulate economic growth during times of turmoil in which people are spending less.
The incentive to save money on sales tax can prove to be very enticing for many people.
The tax free weekend usually occurs in South Carolina towards the first weekend of August because it is a time in which parents are beginning to buy supplies for their children to start their next semester at school.
Some of the items that are discounted include not only stationery and supplies, but also clothing.
Who Decides When A Tax Free Weekend Occurs?
Tax free weekends are actually chosen entirely by local governments.
One of the first tax free weekends in America occurred in New York in 1996, and each local government of the city was free to choose whether they wanted to adopt a tax free weekend.
The majority of governments rejected it, but ever since it has been adopted across the city, and across more than 13 states in the country.
Can You Actually Save Money On A Tax Free Weekend?
Provided you do not go overboard and buy large amounts of items you don’t need, a tax free weekend can definitely save you money.
If you were to buy the same number of products on a tax free weekend as you would on an average weekend, then you most definitely would save money.
However, the prospect of saving so much money on sales tax proves to be so alluring that people may buy more items than they usually would, and more items than they actually need.
This is the point at which many people can actually end up losing money on a tax free weekend, as they buy the same number of items for less, but then also buy extra, under the assumption that they are saving money, which causes them to spend over what they usually would.
You should also consider the fact that heading out to stores on a tax free weekend might prove to be incredibly time consuming, so you should consider whether it is worthwhile to save a few dollars on items while putting up with heavy crowds and fighting to get some of the last pencil cases in stock.
Frequently Asked Questions
Does SC Tax Free Weekend Include Online Purchases?
Yes. The South Carolina tax free weekend covers not only items purchased in store, but also items that are purchased online, so you can save yourself the trouble of facing large crowds that weekend and still get the things you are searching for.
However, online items may sell out much quicker than usual.
Does Amazon Participate In Tax-Free Weekend?
Yes. Amazon will automatically deduct all applicable sales taxes from any eligible items that you purchase over the course of your state’s tax free weekend.
What Is Included In Tax-Free Weekend?
Items that are exempt from sales tax during tax free weekends generally tend to include clothing, school equipment, computers, computer software, printers, and bed and bath supplies.
These are items that are considered to be very crucial and very important, thus why most tax free weekends target the weeks before children head back to school for their next semester.
To Wrap Up
As you can now see, the tax free weekend in South Carolina will now occur on Friday the 5th of August to Sunday the 7th of August this year.
Make sure to keep in mind that the Southern Carolina tax free weekend usually occurs on the first weekend of the month of August every year.
Tax free weekends occur on different days within each state, and the exact dates are always decided by local governments to coincide with special events or to help parents to pay for school supplies for their children to start their next semester at school.
Some states in America do not have any tax free weekends, as opting in to the holiday is entirely optional. As of yet, there are only 13 states that have tax free weekends at different points annually.
Tax free weekends can help you to save lots of money on school supplies for your children, provided you approach them in a rational way, and with the idea of saving money always at the forefront of your mind.