The Florida Legislature enacted HB 7073 in March 2024, and the Governor signed it on May 7, 2024, which includes Florida’s Tax Free Weekends for 2024. The annual back-to-school sales tax holiday, a two-week event that offers huge savings on necessary purchases for children, is highly anticipated by Floridians. This year’s sales tax holiday offers a great chance to buy tax-free from July 29 to August 11.
Many things related to back-to-school will be free from the state’s regular 6% sales tax during this time. Shoppers may anticipate receiving discounts on a variety of goods, such as electronic books, printers, caps, backpacks, shoes, and more. However, some goods are still subject to taxes, including watches, jewelry, umbrellas, and most of electronics, including digital cameras and cellphones.
Florida Tax Free Online
Florida Back-to-School Sales Tax Holiday is now live from July 29 to August 11, 2024. A state’s limited-time reduction or waiver of sales tax on certain categories of goods is known as a sales tax holiday. These are short-lived holidays that are restricted to the things on the list. The law stipulates that annual holidays are recurrent. Every year, laws are needed for non-annual holidays. It’s now a 14-day weekend instead of merely a tax-free weekend in Florida.
On these dates, sales tax is not applied to purchases of qualified apparel, shoes, backpacks, school supplies, and other products. Learning aids, school supplies, clothing, and footwear are all priced at $50 or less per item, $100 or less per item, and $1,500 or less per item for personal computers and related peripherals that are acquired for noncommercial home or personal use. These purchases are exempt from Florida’s regular sales tax rate of 6%.
Florida Online purchases and the tax-free holiday
Yes, as long as the products are shipped to a Florida address, you may benefit from the tax-free holiday while making online purchases. Online merchants such as Amazon observe state sales tax holidays. For people who can’t visit businesses in person or who prefer the ease of online purchasing, this is a terrific alternative. Big online merchants like Amazon take part in the sales tax holiday, guaranteeing that qualified goods are offered at a discount. It is important, however, that not every item may be eligible for the online tax exemption.
Items not tax-exempt in Florida’s back-to-school holiday
- Not all types of gloves are tax-free, nor are accessories like watches and jewelry. There are several other exclusions as well.
- Roller skates, leased formal wear, non-prescription sunglasses and goggles, umbrellas, and safety masks are all subject to taxes.
- Printer and computer paper, as well as books that aren’t otherwise excluded, are taxable items.
- A wide range of devices are subject to taxes, such as gaming controllers, digital cameras, surge protectors, smartphone covers, computer bags, CDs and DVDs, computers used for leisure, and normal batteries (i.e., not for medicinal purposes).
- Items that are not eligible for the tax-free holidays include furniture, luggage, clothing bags, suitcases, and any rentals of such products.
Go to the website of the Florida Department of Revenue for a complete list of products that are included and excluded. Prescription medications and most foodstuffs already qualify for tax exemptions.
Tax-free holiday now includes electronics
Florida’s annual sales tax holiday is now live, during which the tax is waived for back-to-school purchases. However, there is a significant difference this year: a large number of electronic products, such as computers, tablets, and accessories up to $750 for the weekend, will also be excluded. Previously, apparel, footwear, and school supplies were the main items exempt from Florida’s sales tax holiday.
Currently, however, it is limited to desktop and laptop computers, e-readers, tablets, iPod Touches, and accessories including keyboards, headphones, mouse, displays, and routers. Furniture for computers, video gaming consoles, and cellphones are not included. Also excluded are those gadgets that retail for less than $750. A computer selling for $750 would not be subject to sales tax, while a computer costing $760 would still be subject to a 7% tax, or $53.20.
Florida sales tax holidays on gift cards, coupons, discounts, or rebates
Gift cards can be used to purchase qualifying things during sales tax holidays. However, Florida sales tax would be applied to the sale if a gift card bought during a sales tax holiday was used to purchase eligible goods after the holiday has ended. The retailer’s profits are affected by shop coupons, rebates, and discounts.
Consequently, in the event that a merchant offers a coupon, discount, or rebate that lowers the price of an otherwise qualifying item below the sales tax holiday price maximum for that item, the transaction would qualify for the temporary sales tax exemption. No sales tax is owed when an eligible item bought during a sales tax holiday is exchanged for the identical item in a different size or color after the tax-free period.
Rules on items to return
When a consumer returns an eligible item they bought during a sales tax holiday and asks for a credit or refund for sales tax
- The customer has to provide receipt proving sales tax was applied and paid, such as an invoice or receipt.
- Records confirming to the retailer’s payment of taxes on the original purchases are required.
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Ember Orion is a journalism student who loves to write about social security and government schemes. Ember’s dream is to become a top-level anchor in the USA.