Get updates delivered to you daily. Free and customizable.
USA TODAY
The Daily Money: Back-to-school financial blues
By Betty Lin-Fisher, USA TODAY,
4 hours ago
Good morning and Happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused The Daily Money.
It's hard to believe that it's almost August and that summer is zooming by. As the new school year starts, families are feeling the back-to-school financial pinch. In a new WalletHub study, more than 3 in 4 parents, or 70%, feel that schools ask them to buy too much for the back-to-school season.
Read more about what parents think about schools and finances in my story.
One way to save on those back-to-school expenses is with a state sales tax holiday. There are 17 states that offer these tax-free periods: Tennessee starts today, and Florida and Ohio are up next week.
Some states, like Ohio, have extended their tax-free holiday and expanded it beyond just school supplies to nearly anything considered "personal tangible property" $500 or less.
Are you a tax or accounting professional or do you work at a tax or accounting firm? Pre-register for the second annual USA TODAY/Statista survey of top-rated firms. It's your chance to join the ranks of America's Most Recommended Tax & Accounting firms. Find out more.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Get updates delivered to you daily. Free and customizable.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.
Comments / 0