New Mexico Indian Income

Members of Indian Nations, Tribes, or Pueblos The income of Indians who worked or lived on lands outside the Indian nations, tribes, or pueblos of which they are members is subject to New Mexico personal income tax. You do not need to file a New Mexico income tax return if both the following are true: • You are an enrolled member of an Indian nation, tribe, or pueblo who lived on the [...]

New Mexico Property Tax Rebate for Persons 65 or Older

Property Tax Rebate for Persons 65 or Older This rebate is for property tax billed or rent paid during tax year 2021 on your principal place of residence in New Mexico. The property tax rebate cannot exceed $250 or, for a married taxpayer filing a separate return, the rebate cannot exceed $125. IMPORTANT: No property tax rebate is available for property that is not subject to property tax. [...]

New Mexico Adjustments

Additions to Federal Adjusted Gross Income (Lines 1–4) You are required to report the following additions to your federal adjusted gross income on Schedule PIT-ADJ: • Line 1. Interest and dividends from federal tax-exempt bonds. • Line 2. A net operating loss carryover. • Line 3. Contributions refunded when closing, or certain contributions rolled out of, a New [...]

New Mexico Child Day Care Credit

New Mexico Child Day Care Credit The child day care credit may not exceed $1,200 or, for a married taxpayer filing a separate return, $600. Married individuals maintaining a household for one or more qualifying dependents, but filing separate returns for a tax year, may each claim only half the credit allowed on a joint return. To qualify for the credit, all of the following must be true: [...]

New Mexico Tax Due

Make payment online Follow this link to make payment online at the state website: https://tap.state.nm.us/tap/_/ Mailing a Payment and Voucher Do the following when mailing any payment by check or money order: • Make it payable to New Mexico Taxation and Revenue Department • Write your social security number, PIT-PV, and 2020 PIT-1 on it. • Mail the voucher with your payment. [...]