Georgia reinstated the sales tax free holidays this year after a hiatus of 3 years, but the holiday has changed from a 4-day event to a 2-day event. Shoppers will have to be mindful of the shortened time frame as they venture forth today and tomorrow to take advantage of the tax holiday.
Although the tax free days are intended to benefit families with school children, anyone can take advantage of the 48 hour period to purchase clothing items, athletic gear, computers and accessories.
The National Retail Federation estimates that the average family will spend around $700 on back to school clothing and supplies this year. With a 7 percent savings on sales tax, the average family will save $49.
For families anticipating additional expenses for college bound students and computer purchases, every $1,000 spent saves $70 in taxes. Many families hold out to purchase the big ticket items until the tax free days to maximize their savings and make their dollars stretch farther.
Even for those who have a minimal budget, every dollar counts in this economy, and with back to school shopping supply lists growing ever longer, families have to find ways to save money.
The tax free shopping days are a great way to stimulate economies throughout the state, and if possible, Georgia needs to consider not just keeping the holidays every year, but to reinstate the 4-day time period.
But for now, parents and students will take advantage of what they can through midnight Saturday and enjoy saving at least a few dollars on their must-have purchases.