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Tax free weekend in New Mexico begins at 12:01 a.m. on Friday, Aug. 2 and runs through Saturday, Aug. 4 at midnight. The gross receipt tax exception applies to eligible items in several categories ...
Residents of New Mexico -- who have already gotten several tax breaks this year -- will soon get another round of tax rebates as the state prepares to send payments totaling either $250 or $500 to...
The deadline for employers to give their employees their 2023 W2 was Jan. 31, so might've already filed your tax return by now. If you did file, you might be wondering where your refund is.Here's ...
Corporations that generate income from activities or sources in New Mexico and that are required to file federal income tax returns as corporations must pay corporate income tax to the state. [14] Corporate income is taxed at the rate of 4.8% for the first $500,000, 6.4% for the next $500,000 (up to total income of $1 million), and 7.6% for ...
For those filing their 2022 tax returns in 2023, there are some relatively significant changes to report. They won’t apply to all taxpayers, but all taxpayers should still be aware of them.
May 15 – 2023 Farmington, New Mexico shooting: Three civilians are killed and two police officers are injured in a mass shooting in Farmington. The shooter is killed by police. [2] June 29 – Virgin Galactic successfully launches Galactic 01, its first private spaceflight, from Spaceport America. [3]
In 2021, the federal government spent $2.48 on New Mexico for every dollar of tax revenue collected from the state, higher than every state except Kentucky. [282] The same year, New Mexico received $9,624 per resident in federal services, or roughly $20 billion more than what the state pays in federal taxes. [283]
The due date to file your 2021 tax returns — and this time there’s no more wiggle room — is Oct. 16. More From GOBankingRates 40 Cities That Could Be Poised For a Housing Crisis