Missouri's Annual Tax Holiday Eases Back-to-School Expenses for Families
As the new school year approaches, Missouri families are taking advantage of the state's designated tax-free weekend, providing significant savings amid economic challenges such as inflation and rising living costs. The event, concluding on Sunday, allows shoppers to purchase essential items—including school supplies, clothing, and computers—without paying sales tax.
Parents like Shanika Stovall, a single mother of two, have planned their shopping trips meticulously to maximize savings. She arrived early at stores like Walmart to beat the crowds and is also planning visits to outlet malls to capitalize on additional tax-free deals, all while managing a tight budget.
Stovall emphasized the importance of strategic shopping, especially for her fifth-grader's more expensive list, and ensuring clothing and shoes last through the school year. Industry data from the National Retail Federation indicates that families are expected to spend over $890 per child on back-to-school necessities this year, covering apparel, supplies, electronics, and extracurricular fees.
Similarly, Julie Terlep, shopping for four childre...
Missouri Tax-Free Weekend Eases Back-to-School Costs for Families
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