Ohio Expands Tax-Free Days for 2024: What You Need to Know

Ohio tax-free days calendar with shopping bags

Ohio residents have reason to celebrate as the state expands its sales tax holiday for 2024. Governor Mike DeWine announced that the tax-free period will now last ten days, offering significant savings on a wider range of items, including restaurant meals for the first time.

Key Takeaways

  • Ohio’s sales tax holiday extended to ten days, from July 30 to August 8.
  • Tax-free purchases now include items priced up to $500.
  • Restaurant meals consumed on-site are included in the tax exemption.
  • Certain items like services, motor vehicles, and alcoholic beverages remain excluded.

Extended Tax-Free Period

This year’s sales tax holiday in Ohio will run from Tuesday, July 30, through Thursday, August 8. This ten-day window is a significant expansion from the traditional three-day sales tax holidays held in many states. The extended period aims to provide more opportunities for families to save on essential purchases.

Increased Price Limits

One of the most notable changes is the increase in the price limit for eligible items. Previously, the tax exemption applied to clothing items priced at $75 or less and school supplies at $20 or less. Now, consumers can enjoy tax-free purchases on eligible items priced up to $500, regardless of the total purchase amount.

New Category: Restaurant Meals

For the first time, dine-in meals at restaurants are included in the tax exemption. It’s important to note that this applies only to food consumed on the premises, not to carry-out or delivery orders.

Exclusions

Certain items remain excluded from the tax holiday. These include:

  • Services
  • Watercraft
  • Motor vehicles
  • Alcoholic beverages
  • Tobacco products
  • Items containing marijuana

Plan Your Purchases

As the Ohio tax-free period for 2024 approaches, it might help to plan your purchases to take advantage of savings, whether you’re stocking up on school supplies, upgrading home essentials, or enjoying a meal out.

Additional Tax Changes

This expanded sales tax holiday isn’t the only tax change in Ohio this year. Ohio is implementing new personal income tax rates for 2024. The number of state tax brackets is being reduced from four to three, with the top two brackets combined into one. The new tax rates will be:

  • 0% for income up to $26,050
  • 2.75% for income between $26,051 and $100,000
  • 3.5% for income above $100,001

These changes aim to simplify the tax system and provide relief to Ohio residents.

Bottom Line

Ohio’s expanded sales tax holiday for 2024 offers a great opportunity for residents to save on a wide range of items. With the inclusion of restaurant meals and higher price limits, this year’s tax-free period is set to benefit even more families. Plan ahead to make the most of these savings.

Sources

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