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Category: New Mexico
23 Articles
Orange arrow How can I amend my New Mexico state tax return?

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  WHO MUST FILE AN AMENDED RETURN If you filed your New Mexico personal income tax (PIT-1) return and you need to change at least one of the following, you must file a New Mexico PIT-X, an amended New Mexico personal income tax return: • Your reported federal taxable income • New Mexi...
Posted in: States, New Mexico

Orange arrow How can I file a New Mexico extension?

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  If you have a federal or New Mexico extension of time to file, mark X in box 6a and enter the date the extension expires in 6b. If you were granted a federal automatic six-month extension (through October 15th) or you received approval for a New Mexico extension, do not attach either of the follo...
Posted in: States, New Mexico

Orange arrow How can I check the status of my New Mexico refund?

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  The status of a refund is available at the New Mexico’s Taxpayer Access Point (TAP) website at https://tap. state.nm.us. Under PERSONAL INCOME, click Where’s My Refund? Then enter your ID Type (Social Security Number or Individual Taxpayer Identification Number), ID Number, and refund...
Posted in: States, New Mexico

Orange arrow New Mexico Voluntary Contributions

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  New Mexico Housing Trust Fund The New Mexico Mortgage Finance Authority administers the fund to provide flexible funding for housing initiatives that will provide affordable housing primarily for persons or households of low or moderate income. To learn more visit www.housingnm.org. Contact: New ...
Posted in: States, New Mexico

Orange arrow How can I contact the state of New Mexico?

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  Phone Number: (505) 827-0700 Mailing Address: Taxation and Revenue Department 1100 South St. Francis Drive Santa Fe, NM 87504 http://www.tax.newmexico.gov/...
Posted in: States, New Mexico

Orange arrow New Mexico Tax Due

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  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 yo...
Posted in: States, New Mexico

Orange arrow Part-Year Resident

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  • Resident. New Mexico full-year residents and individuals who were physically present in New Mexico for 185 days or more during the tax year, but were not first-year residents or certain military servicemembers and their qualifying spouses. • First-Year Resident. If you moved into New...
Posted in: States, New Mexico

Orange arrow How do I know if I am required to file a New Mexico tax return?

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  Who is required to file? Two situations require you to file personal income tax returns in New Mexico: 1. If you are required to file a federal tax return with the IRS and you are a New Mexico resident, you must file a state income tax return. 2. If you are required to file a federal income ta...
Posted in: States, New Mexico

Orange arrow Can my New Mexico state refund be seized to pay off outstanding debts?

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  COLLECTION OF DEBTS FROM YOUR REFUND If you owe other taxes to the Department, the Department keeps all or part of your overpayment. The Department applies that amount to your liability. By law, the Department is required to transfer all or part of your overpayment to certain claimant agencies if...
Posted in: States, New Mexico

Orange arrow New Mexico Rural Job Tax Credit

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  Rural Job Tax Credit. A Rural Job Tax Credit is available for employers in rural areas of New Mexico who qualify for Job Training Incentive Program assistance. Eligible employers may earn the rural job tax credit for each qualifying job created after July 1, 2000. The employer must certify the wage...
Posted in: States, New Mexico

Orange arrow New Mexico Job Mentorship Tax Credit

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  Job Mentorship Tax Credit. A taxpayer owning a New Mexico business may claim a Job Mentorship Tax Credit for employing qualified students who take part in a career preparation education program. The credit equals 50% of gross wages paid to a maximum of ten qualified students. The business must empl...
Posted in: States, New Mexico

Orange arrow New Mexico Technology Jobs Tax Credit

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  Technology Jobs and Research and Development Tax Credit. Basic credit: A taxpayer who conducts qualified research1 and development at a facility in New Mexico – except at a facility operated for the U.S. government – may claim a basic credit equal to 4% of qualified expenditures. The ...
Posted in: States, New Mexico

Orange arrow New Mexico Credit for Electronic Identification Card Reader

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  Credit for Electronic Card-Reading Equipment. New Mexico has a one-time income tax credit for businesses that purchase electronic identification card-readers for age verification. A business may claim this credit on a New Mexico personal income tax return or corporate income and franchise tax retur...
Posted in: States, New Mexico

Orange arrow New Mexico Cultural Properties Preservation Credit

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  Preservation of cultural property credit The credit for preservation of cultural property is 50% of the approved eligible costs of a project for the restoration, rehabilitation, or preservation of cultural property listed on the official New Mexico Register of Cultural Properties, not to exceed $...
Posted in: States, New Mexico

Orange arrow New Mexico Film Production Tax Credit

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  New film production tax credit For film production companies that commence principal photography prior to January 1, 2016, and on or after July 1, 2019, a credit for 25% of direct production and direct post production expenditures made in New Mexico that are subject to taxation by the state of Ne...
Posted in: States, New Mexico


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