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Printable Form 8283 Las Cruces New Mexico: What You Should Know

Donation Tax Exemption and Credit Information (NM) Federal tax laws limit the amount of gift tax exempted from state tax. Noncash Charitable Contributions to New Mexico (NM) Noncash donations are any individual donations or gifts of property or services which are not subject to gift tax. Noncash donations to New Mexico can include gifts of stock, securities, commodities, land, and vehicles with designated value for tax purposes. Noncash donations to New Mexico must be itemized on your tax return and may be subject to a tax as high as 10% of the value of the item or services. If you exceed these limits, call the New Mexico State Department of Finance at to determine if you are eligible for the noncash gift tax exemption program. The program will help lower taxes for eligible donors.

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