Food Tax in NM: What You Need to Know

Is food taxed in NM?
As of, food is exempt from taxation in New Mexico.
Read more on www.thinknewmexico.org

You might be curious about the food tax if you already reside in New Mexico or are considering moving there. The good news is that New Mexico does not generally tax groceries. This entails that you won’t have to pay any additional taxes while buying food items like meat, fruit, and bread.

It’s crucial to remember that there are a few exceptions to this rule. Taxes apply to prepared goods, such as meals from delis or restaurants. Candy, drink, and other munchies are other things that might be taxed. Items that aren’t food, including paper goods or cleaning materials, are frequently taxed as well.

You won’t pay tax on eligible food goods if you receive food assistance through the Supplemental Nutrition Assistance Program (SNAP). With the aid of this initiative, low-income people and families can obtain wholesome food.

Let’s talk about tax-free states for military people now. Currently, six states—Alaska, Delaware, Montana, New Hampshire, Oregon, and of course, New Mexico—do not levy state sales taxes. This implies that military personnel stationed in New Mexico can shop for groceries and other qualified items without paying sales tax.

Let’s now look at a few of the military installations in New Mexico. Military bases including Kirtland Air Force Base, Cannon Air Force Base, and Holloman Air Force Base are all located in the state. These locations assist with a range of tasks, including as operational support, training, and research and development.

In conclusion, you can benefit from tax-free grocery shopping if you now reside in or plan to move to New Mexico. It’s crucial to understand the exceptions and restrictions to this rule, though. New Mexico is home to numerous significant military stations and offers tax-free shopping to service members stationed there.

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