Thursday 08/02/2018

Back to School Sales Tax Holiday This Weekend!

Chris Eichmuller, CPA has information about the “Back to School” Ohio sales tax holiday.

Ohio’s annual tax holiday starts this Friday, August 3 and ends Sunday, August 5 at midnight. During this time, approved purchases are exempt from sales and use tax. Items that fall under the exemption are as follows:

  • An item of clothing priced at $75 or less,
  • An item of school supplies priced at $20 or less; and
  • An item of school instructional material priced at $20 or less.

Keep in mind, there are a few rules! The exemption does not apply to items used in a trade or business. Also, items purchased in a buy-one-get-one-free sale are looked at on a price per item basis. Therefore, if you buy two articles of clothing in a buy-one-get-one-free sale and one item is $80 and the other is free, the $80 item does not qualify for the exemption because it is over the $75 threshold for clothing. Also, the price per item is determined after any discounts or coupons unless it’s a manufacturer’s coupon.

Happy shopping!

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