If you plan to do some heavy shopping soon, save it for August.
Within the next five weeks, 17 states with sales taxes will be offering some tax-free purchases up to 10 percent. Many businesses will be capitalizing on the back-to-school season, considered the second biggest shopping season of the year, right after the Christmas holiday.
The average family will spend about $600 on back-to-school shopping for K-12 students, according to the National Retail Federation. Mississippi kicks off the tax-free shopping season on Friday, July 30, with a two-day period when clothing items costing less than $100–but not school supplies–will be free from the state's 7% sales tax.
Illinois will be offering the credit Aug. 6 through 15. You can find out more about what qualifies at the Illinois Revenue website. Unfortunately, New York won't be getting such a break.
Source: forbes.comSee the Top Ten Summer 2016 Trends for Women Over 40