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CERTIFIED PUBLIC ACCOUNTANTS • SINCE 1977
Back to School Savings to the Rescue
Already thinking about back-to-school checklist?



Already thinking about back-to-school checklist? Stressing about all that you need to buy? Don’t fret. Remember that the state of Tennessee's annual sales tax holiday is held every year, and it is coming up at the end of this month!

This year it begins at 12:01 a.m. Friday, July 27 and ending at 11:59 p.m. the following Sunday, July 29. During this weekend, certain goods may be purchased tax-free. 

Who can participate in this sales holiday? Anyone! You don’t have to be a student or parent of a student to reap the benefits.

So, what is tax-free?


1 – Clothing: $100 or Less

What’s tax-exempt?
General apparel that costs $100 or less per item (shirts, pants, jackets, socks, shoes, dresses, etc.) Items that are normally sold together, such as shoes, cannot be split up to stay beneath the $100 threshold.
More items are listed at www.tntaxholiday.com

What’s still taxable?
Apparel that costs more than $100.
Items such as jewelry, handbags, or sports and recreational equipment.
Items purchased for business or trade use.
Please consult our spreadsheets at www.tntaxholiday.comfor a more comprehensive list of items.


2 – School Supplies and School Art Supplies: $100 or Less

What’s tax-exempt?
School and art supplies with a purchase price of $100 or less per item, such as binders, books, backpacks, crayons, paper, pens, pencils, and rulers, and art supplies such as glazes, clay, paints, drawing pads, and artist paintbrushes.
Items that are normally sold together cannot be split up to stay beneath the $100 threshold. More items are listed at www.tntaxholiday.com

What’s still taxable?
School and art supplies individually priced at more than $100.
Items purchased for business or trade use.

3 – Computers:  $1,500 or Less

What’s tax-exempt?
Computers with a purchase price of $1,500 or less. This includes laptops as well as tablets (iPads, etc.).
Computers for personal (not business) use.
More items are listed at www.tntaxholiday.com

What’s still taxable?
Computer parts, like keyboards and monitors, when not sold with a CPU. • Storage media, like flash drives and compact discs. • Individually purchased software.
Video game consoles.
Computer printers and supplies.
Electronic readers (Kindles, Nooks, etc.) and personal digital assistants.
Cell phones, including smart phones. • Please consult our spreadsheets at
Visit www.tntaxholiday.com for a more comprehensive list of items.
 



About JHM Certified Public Accountants
Since its founding in 1977, JHM Certified Public Accountants has grown to specialize in accounting, auditing and tax services to nonprofit organizations. Additionally the firm serves a diverse range of business clients throughout the Southeast Tennessee/North Georgia region, ranging from small start-ups to large corporations, with a significant concentration of clients in the construction, hospital, nonprofit / governmental and assisted housing industries.
 

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