Don't forget: Tax-free weekend in Arkansas
If you've been putting off a purchase, there may be a slight price break this weekend.
What's happening: Arkansas' tax-free holiday runs Aug. 6-7 (midnight to midnight).
Why it matters: Just in time for back-to-school inflation, the holiday aims to offset hot inflation, which remains a huge challenge, with price shocks not seen since the 1980s that are squeezing consumers and souring their view of the economy.
Details: Tax won't be charged statewide on any item falling into categories including:
- Clothing less than $100 per item.
- Accessories less than $50 per item (including cosmetics, jewelry or sunglasses).
- Electronics commonly used by students for study (computers, cell phones, printers).
- School art supplies and instructional materials.
Yes, but: Several items under safety, sporting or sewing equipment are taxable.
The bottom line: Check out the official list of what gets taxed — and what doesn’t — before heading out to shop.
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