Tax Free weekend underway in New Mexico

Tax Free weekend underway in New Mexico
MGN Online Photo

POSTED: Friday, August 2, 2013 - 8:06am

UPDATED: Friday, August 2, 2013 - 8:15am

The 'Tax-Free' weekend is officially underway in New Mexico. Clothing and shoes must cost less than $100 per item and if a new computer or tablet is on your shopping list, the price limit to $1000. Other school supplies items must be less than $30 each.

Back- to-school shopping is second only to Christmas as the busiest shopping season of the year. The tax rate New Mexico is 7-point-5 percent which means you'll save about $7.50 for every $100 spent.

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