taxes

Sales tax holiday in New Mexico

Sales Tax Holiday » New Mexico

As New Mexico students prepare to head back to school, Uncle Sam is giving shoppers a break on sales taxes for certain items. See below for 2014 New Mexico tax holiday dates, tax-exempt items and notable rules and exceptions.

Sales tax holiday in New Mexico

StateNew Mexico
Tax holiday datesAug. 2-4
Tax-exemption items and price limits (Unless noted, limits are cost per item.
  • School supplies: $30, $100 and $200 or less, depending on the type of supply
  • Clothing: $100 or less
  • Computer peripheral devices: $500 or less
  • Computers: $1,000 or less
Notable holiday rules, exceptions
  • Classroom materials in the $30 per item category include: notebooks, paper, pens, pencils, crayons, art supplies, paper clips, staples, staplers, scissors and rulers.
  • School supplies for the $100 or less threshold include book bags, backpacks, maps and globes.
  • The $200 or less category covers hand-held calculators.

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
REFINANCE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed refi 4.05%  0.06 3.99%
15 year fixed refi 3.11%  0.01 3.10%
10 year fixed refi 3.17%  0.04 3.13%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.32%  0.01 4.31%
50K FICO-based HELOC 4.06% --0.00 4.06%
100K FICO-based HELOC 3.92% --0.00 3.92%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.81% --0.00 2.81%
48 month used car loan 3.04% --0.00 3.04%
60 month new car loan 3.24% --0.00 3.24%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.99%  0.01 0.98%
2 Year CD 1.19%  0.02 1.17%
5 Year CD 1.84%  0.01 1.85%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.73%  0.01 15.72%
Cash Back Cards 16.43% --0.00 16.43%
Low Interest Cards 10.98%  0.02 10.96%
 
Next
advertisement
DAILY TAX TIP NEWSLETTER

Get expert advice during tax season on tax preparation and tips for cutting your tax bill.

advertisement

Connect with us