by Andre Falls | Feb 24, 2021 | Taxes
New Mexico Getty Images Overall Rating for Taxes on Retirees: Not tax-friendly. Sales Tax: 5.125% state levy. Localities can add as much as 4.313%, and the average combined rate is 7.83%, according to the Tax Foundation. New Mexico’s tax is a gross...
by Andre Falls | Feb 6, 2021 | Taxes
Teachers and other educators can now deduct out-of-pocket expenses for “COVID-19 protective items” on their tax return, thanks to the COVID-Related Tax Relief Act that was passed in December. And the IRS has just issued guidance to help educators determine...
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