New Mexico Income Tax Forms and New Mexico Income Tax Rate Information

By | December 23, 2015

New Mexico Income Tax E-File Information

Tax sites must retain PIT-8453 and all supporting documents for three years.


Who must file New Mexico Income Tax?

Full year residents who have to file a federal return must file a New Mexico return. Part year and nonresidents who have any NM-source income or loss of income must also file a return.

New Mexico Tax Residency Rules

Follows general residency rules. Anyone who spends at least 185 days in New Mexico is considered a resident of NM except military members who are domiciled outside the state and do not intend to become NM residents. Spouses of military service members who move into New Mexico solely to be with their spouses who are on military orders may keep their out-of-state residency status and source their non- military wages, salaries, tips etc. to their state of residence.


What are the New Mexico Income Tax forms?

All taxpayers file Form PIT-1. May also need PIT-ADJ to figure additions to income and deductions. Part year and nonresidents must also file Schedule PIT-B to apportion their income.

New Mexico honors any federal extension of time to file that you have. You do not need to request a separate state extension if you already have a federal extension. If you require additional time than what is granted at the federal level, you must file a New Mexico extension using Form RPD-41096, Extension of Time to File. Extension to File


What are New Mexico income tax deductions, income exclusions, and income tax exemptions?

Must follow federal election- use amounts from federal return for both itemized deductions and standard deductions. A deduction of a percentage of unreimbursed and uncompensated medical expenses NOT itemized on the federal 1040 return for the same year may be claimed.

Max amount is $2,500 for each person claimed as an exemption. Amt varies by filing status and gross income. Single taxpayers qualify if income < $36,667; HOH

<$55,000 and MFS <$27,500.

Depending on income level, taxpayers 65 years of age or older may be eligible for a deduction from taxable income of up to $8,000 each. Low-income taxpayers may also qualify for a property tax rebate even if they rent their primary residence. Beginning with tax year 2002 persons 100 years of age or more who are not dependents of other taxpayers are exempt from filing and paying New Mexico personal income tax. See Schedule PIT-ADJ.

NM uses amounts from federal return. See PIT-ADJ (Schedule of Additions and Deductions/Exemptions) :


What the New Mexico Tax Filing Deadline?

Deadline to file is April 16, 2016.

To determine personal income tax rate, New Mexico uses a seven-bracket, graduated- rate table ranging from 1.7% to 4.9% of taxable income.

A SVCM’s NM income tax filing status must be the same status as that used on her federal income tax return, e.g. if MFS on federal then MFS on NM.


What is New Mexico Capital Gains tax?

May deduct the greater of $1,000 or 50% of NET capital gains- see Schedule PIT- ADJ. Otherwise, capital gains are taxed as ordinary income, and follow federal rules.


New Mexico Tax Contact

Taxation and Revenue Department
1100 South St. Francis Drive
Santa Fe, NM 87504-0630


General Information:  (505) 827-0951

Forms:                        (505) 827-2206; Forms

Web site:                     Taxation and Revenue Department

Refunds:                      (505) 827-0827

Electronic Filing:         (505) 827-0827


New Mexico State Income Tax filing address:

When requesting a Refund mail to:    When making a payment mail to:
NM Taxation and Revenue Department NM Taxation and Revenue Department
P. O. Box 25122 P. O. Box 8390
Santa Fe, New Mexico 87504-8390 Santa Fe, New Mexico 87504-5122