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Saving Up For Back-to-School Supplies? This Could Be Your Answer

This weekend, the state will hold a tax-free weekend on school supplies to help parents save for the upcoming school year.

Education
Ruben Reyes
Author: Ruben Reyes
Less than 1 min.read
The state will host a tax-free back-to-school shopping this weekend/Photo from: Adobe Stock

The annual tax-free holiday weekend is happening from July 31 to August 2. This is your perfect chance to splurge on your kids’ school supplies at a low cost.

This great news is from the state: they will suspend the collection of the gross receipts tax on sales. During this time, plenty of back-to-school items will be tax-free.

There are selected items that qualify for the tax deduction, such as shoes or clothing that must be priced below $100 per unit, desktop computers, laptop computers, and tablet and notebook computers up to $1,000, computer hardware up to $500, and school supplies used by the majority must be under $30 per item.

There are many more qualifications for an item to be tax-exempt; you can visit the New Mexico Taxation and Revenue Department for the full list.

What are you waiting for? Get the best school supplies for your child this back-to-school season!

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Ruben Reyes
Ruben Reyes
For more than 25 years, I have proudly served New Mexico students and families through the New Mexico Educational Assistance Foundation, helping them plan, prepare, and pay for college. My work has taken me across the state, where I’ve led hands-on FAFSA workshops, connected with diverse communities, and guided students toward their educational goals. Though my background began in technology, my passion has always been people. Working alongside the financial aid community has deepened my commitment to public service and my belief that education is the key to prosperity. As an active member of the Albuquerque Hispano Chamber of Commerce Education Committee for over 13 years, I continue to advocate for access to higher education and opportunity for all New Mexicans. I feel fortunate every day to do meaningful work that strengthens our communities and supports the next generation’s success.

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