Starting from next weekend, shoppers in Oklahoma will be relieved from paying taxes on grocery items
But how much money will that actually save?
Currently, when an individual in Oklahoma purchases $100 worth of groceries, they are required to pay $4.50 as state sales tax.
From August 29 onwards, the tax item line on your grocery receipt will be reduced to zero.
According to the US Bureau of Labor Statistics, the average American household spends approximately $5,000 to $6,000 on groceries each year.
Oklahomans are currently shouldering an annual tax burden of approximately $250.
The average cost of a dozen eggs in Oklahoma is slightly below $5 in 2024. Therefore, even though you might only save 20 cents on a dozen eggs, those savings can accumulate over time.
Starting next Thursday, Oklahomans will begin to witness the benefits of savings. However, it’s important to note that not everything will be exempt from taxes.
State tax levies will still apply to prepared food, dietary supplements, alcoholic beverages, and tobacco products.
For a comprehensive list of items that are exempt from taxes, click here.
Furthermore, local sales taxes can still be enforced by cities and counties in Oklahoma.
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