New Jersey cancels tax holiday on back-to-school supplies
The 10-day tax holiday that shoppers have been enjoying for a couple of years is not happening this year.
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Summer fun at the Pascack Valley Swim Club in Westwood will come to an end in a month, as the school year will begin.
However, this year, the help that was once available to ease the financial burden for families getting their kids ready for school is gone.
The state has officially gotten rid of its annual tax holiday program, which offered tax-free back-to-school shopping, meaning consumers did not have to pay sales tax.
Parents and teachers will once again have to pay taxes on several items, such as computers, school and art supplies and sports equipment.
"They have a huge list of crazy things they need. So, school supplies alone, it ends of being around $200," said Melissa Megibow, of Demerest.
The 10-day tax holiday was enacted in 2022 to help families save money.
With the price of everything going up, parents say they really could use the extra help again.
The state expects to save $35 million by repealing the holiday.
