Wisconsin Back-To-School Tax Holiday Happens August 1-5
You may want to reconsider when you do your back-to-school shopping this summer. As part of a program introduced by Governor Scott Walker, the state of is returning budgetary surpluses to taxpayers. Along with a $100-per-child tax refund, Walker has also rolled out a Back-To-School Sales Tax Holiday - happening August 1 through August 5.
During those five days, back-to-school shoppers can maximize their purchases by seeing state taxes waived on qualifying purchases. According to Governor Scott Walkers website, here's how it will work:
Wisconsin sales tax will be waived for everyone on purchases of school-related expenses, including clothing under $75, computers under $750, school computer supplies under $250, and school supplies under $75 from August 1-5, 2018.
Officials with the Wisconsin Department of Revenue anticipate that the impact will be huge for families with school-age children. According to their estimations, the five day sales tax holiday will generate approximately $14.8 million in tax relief.
Wisconsin taxpayers are also in line to receive money back from their utility companies - due to the new calculations brought on by the Federal tax table changes introduced in Washington, D.C. introduced by President Donald Trump.