New Mexico offers a tax holiday on Small Business Saturday, allowing shoppers to save money on gifts and support local businesses while enjoying tax-free shopping. The holiday runs from 12:01 a.m. to midnight on Saturday, November 30, 2024, with products like toys, electronics, clothing, and more eligible for tax relief. However, some items, like snacks, gift cards, and online purchases may not qualify. Local taxes may still apply, but shoppers can save on state taxes up to $25 per purchase under $500. To participate in Small Business Saturday, businesses must have ten or fewer employees, primarily operate in New Mexico, and cannot be part of a franchise. By shopping at small businesses, shoppers can support local jobs and communities. With the holiday gift guide showcasing 145 products ranging from fine art to home décor, New Mexico’s tax-free weekend presents the perfect opportunity to find unique gifts while saving on taxes.
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