No Tax Weekend Georgia (2024)

FAQs

No Tax Weekend Georgia? ›

Key Dates and Times

Georgia's tax-free weekend is July 31 and August 1. It's a chance for you to save money on back-to-school items. But not everything is tax-free.

Another reason lawmakers decided to not approve the tax-free weekend after 2016 is because the holiday, contrary to popular belief, did not have a huge influence on additional spending, nor did it create more jobs across the state.

Some goods are exempt from sales tax under Georgia law. Examples include some prescription drugs, medical supplies, and manufacturing equipment. Non-prepared food items are exempt from state sales tax, but are subject to local sales taxes.

Sales tax holidays vary by location — and not every state has one. In some cases, the state sales tax may be zero during the holiday, but stores might still have to collect a city or local sales tax.

Georgia also has a 4.00 percent state sales tax rate and an average combined state and local sales tax rate of 7.38 percent. Georgia has a 0.72 percent effective property tax rate on owner-occupied housing value. Georgia does not have an estate tax or inheritance tax.

The oly way you may get a payment on a Saturday is if the refund was made on a Friday and the money is processed on the very next day. Other than that, refunds are never made to financial institutions on weekends of holidays.

H.B. 1015 (Act 378) lowers the flat individual income tax rate for 2024 from 5.49 percent to 5.39 percent. The bill also accelerates the speed of future individual income tax rate reductions, with the possibility that the rate could now reach the target of 4.99 percent by 2028 instead of 2029.

Georgia has a variety of tax credit opportunities and incentives for all types of businesses.

Sales tax returns are due and payable no later than the 20th day of the month following the period being reported. O.C.G.A. § 48-8-49, Ga. Comp.

Which item is not taxed? ›

In general, clothing, groceries, medicines and medical devices and industrial equipment are sales tax exempt in many states (but don't assume they'll be exempt in all states. Every state is different when it comes to sales tax).

Are groceries taxable in Georgia? No, most groceries are exempt from Georgia sales tax. However, prepared foods are still taxable even when purchased at a grocery store.

The Georgia Tax Free Weekend 2024 is set to take place on July 31-August 1 for the "Back-To-School" sales tax holiday, and October 2-4 for the "Energy Savings" sales tax holiday.

Do tax-free weekends include online sales? Yes, online purchases for state residents made during their sales tax holiday will be tax free, even through large online retailers like Amazon. Just make sure you follow your state's guidelines for qualifying items.

What's included in Florida's 2024 sales tax holiday? Shoppers can save on most items under a certain dollar amount. For instance, clothing must cost $100 or less per item, school supplies must cost $50 or less, personal computers and tablets $1,500 or less, and learning aids and jigsaw puzzles $30 or less.

South Carolina's tax-free weekend is a 72-hour event held each August. It begins at 12:01 a.m. on the first Friday in August and goes through the following Sunday. For more information on exempt and nonexempt items, please click here. Copyright 2024 Nexstar Media Inc.

Shoppers will have the opportunity to purchase certain school supplies, computers, books, and clothing free of the state's four percent sales or use tax. Eligible items include things like boots, hats, jeans, belts, and yes – even diapers, while cosmetics, jewelry, and handbags are not eligible.

The back-to-school holiday is currently the only tax-free holiday that Tennessee holds. It began at 12:01 AM on Friday, July 26, and ended at 11:59 PM on Sunday, July 28. For 2024, Tennessee shoppers could save up to 9.75% in sales tax on eligible purchases during the tax-free holiday; nearly $10 for every $100 spent.