Iowa’s annual tax free weekend is this Friday and Saturday. As families prepare to send their children back to school in the next few weeks, a variety of products are tax free during the first Friday and Saturday of August each year. There will be no sales tax or local option sales tax collected on clothing or footwear items that have a selling price of less than $100. It should be noted that this only applies to everyday clothing and footwear, it does not include: jewelry, sporting equipment, and watches. The tax-free weekend does not include Sunday.