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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 ...
Lawmakers amended the Income Tax Act in 2019 to allow non-residents to claim a deduction on the benefits they receive from an estate or trust in New Mexico. But again, the law only allows claims ...
New Mexico started sending payments in the summer of 2022, but these will continue to roll out into 2023, so long as your return is filed by May 23, 2023. Pennsylvania
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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...
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 ...
The exact date is unknown at this point, but last year, the IRS Free File opened on Jan.14. January 17 : This is the deadline for estimated tax payments for the fourth quarter of 2022.
Pay what you owe today, or at least some of it: Even if you secure an extension to file, most people are required to pay whatever they still owe the IRS for tax year 2023 by April 15.