By Simon Zhen

July is almost over and summer is still very much with us. But, that isn’t stopping retailers from pushing their back-to-school marketing efforts. From TV commercials to weekly circulars, retailers are already hawking everything from clothes to laptops to school supplies for the upcoming school year. It's probably an indication that American families are likely to see a spike in spending.

According to a recent study by the National Retail Federation, families with school-age children will spend an average $634.78 on apparel, shoes, supplies and electronics during the 2013 back-to-school shopping season. Total back-to-school spending is projected to reach $26.7 billion.

To help alleviate the school expenses, parents in 17 states should buy school supplies during tax holidays, celebrated from late July to late August. During this time, sales tax will not be collected on certain purchases up to a specified amount, if applicable. Most of the applicable items include clothing, school supplies and computers -- the types of things that students will need for the new school year.

We’ve listed the types of purchases that are exempt from sales tax for each state that is holding a tax holiday. (Each state is linked to the website of the department of revenue or taxation for the state, where you can find more information for your particular state.)

In the U.S., there are five states that do not charge any sales tax at all: Alaska, Delaware, Montana, New Hampshire and Oregon.

MyBankTracker is an independent resource that helps consumers make smarter banking and money decisions.

Related Articles
  1. Budgeting

    Best Back-To-School Deals

    Are students the only ones who can benefit from the back to school deals? Depends on what you're buying.
  2. Personal Finance

    7 Reasons To Go Back To School Now

    It's a great time to crack those books and ride out today's job climate.
  3. Personal Finance

    Crazy Company Back-To-School Deals

    It's back-to-school time, and retailers are fighting for consumer dollars. Here are some of the crazy marketing tactics you can expect to see this year.
  4. Options & Futures

    Beat Unemployment By Returning To School

    Returning to school may be the key to beating an economic slump.
  5. Personal Finance

    How Tech Can Help with 3 Behavioral Finance Biases

    Even if you’re a finance or statistics expert, you’re not immune to common decision-making mistakes that can negatively impact your finances.
  6. Savings

    Should You Look at 529 Plans Outside Your State?

    529 savings plans are not restricted by geography. So if your in-state offering has high fees or poor investment choices, look elsewhere.
  7. Taxes

    Revisiting the Internet Sales Tax Bill: 2013 Vs. 2015

    Learn about the Marketplace Fairness Act of 2015 being reviewed by congress and the differences between it and the 2013 Marketplace Fairness Act.
  8. Retirement

    4 Ways to Boost the Amount You Save for Retirement

    Retirement can easily last more than twenty years, which means you have to save a lot. Thankfully, there are ways to enhance the amount you put away.
  9. Investing

    4 Billionaires Who Dropped Out of Harvard

    People who became successful despite dropping out of Harvard University.
  10. Credit & Loans

    Adjustable Rate Mortgage: What Happens When Interest Rates Go Up

    Adjustable rate mortgages can save borrowers money, but they can't go into it blind. In order to benefit from an ARM, you have to understand how it works.
  1. Are personal loans tax deductible?

    Interest paid on personal loans is not tax deductible. If you take out a loan to buy a car for personal use or to cover other ... Read Full Answer >>
  2. Does a Flexible Spending Account (FSA) cover braces?

    Funds from a Flexible Spending Account (FSA) can be used to cover costs associated with installing, maintaining and removing ... Read Full Answer >>
  3. Does QVC charge sales tax?

    QVC, an American TV network, is registered with states to collect sales or use tax on taxable items. QVC is also required ... Read Full Answer >>
  4. Does a Flexible Spending Account (FSA) cover glasses?

    The funds in a Flexible Spending Account (FSA) can be used to cover most common medical expenses; this includes the cost ... Read Full Answer >>
  5. Are tax brackets adjusted for inflation?

    Each year, the U.S. Internal Revenue Service (IRS) adjusts tax brackets for changes in the cost of living to calculate federal ... Read Full Answer >>
  6. Can a Flexible Spending Account (FSA) be used for a spouse?

    The U.S. Internal Revenue Service (IRS) allows Flexible Spending Account (FSA) funds to be used for qualified medical expenses ... Read Full Answer >>

You May Also Like

Trading Center