New Jersey ends annual 10-day tax-free shopping period, leading to 1% increase in school supply costs.

New Jersey has ended its annual 10-day tax-free period for back-to-school shopping, causing families to spend more on supplies. The tax break, initially introduced in 2022, aimed to ease financial burdens during back-to-school shopping. This year's state budget saw the holiday's repeal, coinciding with an estimated 1% increase in the cost of school supplies. Families are now projected to spend around $850 on supplies and clothes.

August 03, 2024
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