Florida's annual Back-to-School Sales Tax Holiday slashes state and county sales taxes on qualified purchases of school supplies and clothes, according to the Florida Department of Revenue. For Broward and Miami-Dade counties, that means 7 percent off of supplies like binders, bags, clothing, and computers.
"With the new school year just around the corner, Florida families can save on back-to-school shopping during the tax holiday for the entire month of August," Gov. Ron DeSantis said in a press release. "By cutting taxes, empowering parents, and growing our economy, we're making it easier for people to live, work, and thrive in the Free State of Florida."
Parents with school-age children plan to spend about $858 this year on clothing, shoes, school supplies, and electronics, according to July surveys from the National Retail Federation (NRT) and Prosper Insights & Analytics. K-12 parents are budgeting nearly $295 for electronics, $249 for clothing, $169 for shoes (that'll get the kids almost two pairs of Nike Air Force Ones, nearly three sets of Adidas Sambas, or four pairs of Converse high-top Chuck Taylors), and about $143 for school supplies, according to NRT.
By the retail trade association's estimate, parents have budgeted about $39.4 billion on school-related purchases, up from about $38.8 billion last year. Parents of college students are also expected to spend more this year, about $88.8 billion in 2025 from about $86.8 billion last year.
"This increase can largely be attributed to higher income households, while lower income households are pulling back across categories because of economic uncertainty," Prosper Executive Vice President of Strategy Phil Rist said in a press release. "Regardless of income, families want to ensure their students are set up for success. They are cutting back in other areas, using buy now, pay later, or buying used or refurbished items to have everything they need for the school year."