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.