The New Mexico Department of Revenue has recently clarified rules regarding the application of the gross receipts tax to digital advertising services on websites accessible within the state. News & Tips New Mexico Gross Receipts Tax Rate Drops to 4.875% on July 1, 2023 ...
New Mexico sales tax range for 2024 5.125%–9.0625% Base state sales tax rate 5.125% Local rate range* 0%–3.9375% Total rate range 5.125%–9.0625% *Rates are rounded to the nearest hundredth. Due to varying local sales tax rates, we strongly recommend our lookup and calculator tools on ...
Are services subject to sales tax in New Mexico? "Goods" refers to the sale of tangible personal property, which are generally taxable. "Services" refers to the sale of labor or a non-tangible benefit. In New Mexico, services are taxable unless specifically exempted. ...
This New Mexico bonus tax calculator uses supplemental tax rates to calculate withholding on special wage payments such as bonuses. The New Mexico bonus tax percent calculator will tell you what your take-home pay will be for your bonus based on the supplemental percentage rate method of withholdi...
Focuses on the concerns by officials of municipalities in New Mexico on the potential consequences of tax reform bills introduced in the Legislature. Features of the legislation; Impact of reducing the base of goods on which citie...
Efforts byNew Mexicoto save and invest portions of a financial windfall from localoil productionare paying off asstategovernment income on investments surpasses personal income tax collections for the first time, according to a new forecast Monday. ...
You can see the status of your refund online. Go to the Department website atwww.tax.newmexico.gov. Near the center of the page, clickWhere is my refund?Then enter your ID (social security number) and refund amount to see the status. ...
As of 2023, New Mexico doesn’t offer solar rebates or sales tax exemptions. However, the tax incentives alone can save you hundreds of dollars. Solar Market Development Tax Credit (SMDTC) Incentive Value: 10% of solar system costs up to $6,000 Frequency: Single-use The New Mexico solar...
Quarterly withholding tax returns are due by the 25th day of the month following the end of the calendar quarter (for example, due on April 25 for the first quarter). This return reconciles the tax paid for the quarter with the tax withheld for the quarter. New Mexico requires all employe...
New Mexico planning to restructure debt with $62.6 million tax refunding deal.(Southwest: Market)Sanders, Lisa