As the summer break comes to an end, parents and students in New Mexico are gearing up for the new school year. To help make the back-to-school shopping experience more affordable, the state of New Mexico is offering a tax-free weekend this weekend. This annual event is a great opportunity for families to stock up on essential school supplies, clothing, and electronics without having to pay sales tax.
When is the Tax-Free Weekend?
The tax-free weekend in New Mexico will take place on August 5th and 6th. During these two days, qualifying items will be exempt from the state's gross receipts tax, which is typically 5.125%. This means that families can save up to 5.125% on their back-to-school purchases, which can add up to significant savings.
What Items are Eligible for the Tax-Free Weekend?
A wide range of items are eligible for the tax-free weekend, including:
Clothing and footwear: Shirts, pants, dresses, shoes, and accessories
School supplies: Notebooks, pens, pencils, glue, scissors, and other essential items
Backpacks and lunchboxes: Perfect for carrying books, laptops, and lunches
Electronics: Computers, tablets, and e-readers
Computer hardware and software: Printers, keyboards, and educational software
How to Make the Most of the Tax-Free Weekend
To make the most of the tax-free weekend, families can follow these tips:
Make a list: Before heading out to shop, make a list of the items you need to purchase
Shop during off-peak hours: Avoid shopping during peak hours to minimize wait times and crowds
Take advantage of online shopping: Many retailers offer online shopping with in-store pickup or delivery, which can be a convenient option
Combine with other discounts: Look for items that are already on sale or discounted, and combine them with the tax-free savings for even more value
New Mexico's Back to School Tax-Free Weekend is a great opportunity for families to save money on essential school supplies and clothing. By taking advantage of this event, families can stretch their budgets further and make the most of their back-to-school shopping experience. So mark your calendars for August 5th and 6th and get ready to save big on everything you need for the new school year.
Don't miss out on this amazing opportunity to save money and make your back-to-school shopping experience more affordable. Happy shopping, New Mexico!
