New Mexico Tax Filing
Filing Your New Mexico Taxes
It’s that time again … it’s tax season. No matter if you’re a veteran at this or brand new, tax preparation can be intimidating and tiring. But there is help. Here you will find answers, forms and more that will make your paperwork easier, faster and less stressful. The information below will help you decide your residency status, find the correct forms and give you other information you need to get started.
State income tax returns for 2019 are due Monday, April 15.
People who need to file tax returns in New Mexico might be best served filling out their federal income tax returns first. This is because New Mexico uses your federal adjusted gross income (AGI), which you calculate when filling out your federal return and your state taxes, your standard deductions, personal exemptions, and itemized deductions are the same as on your IRS return.
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New Mexico Tax Forms
- NM Tax Booklet - New Mexico Personal Income Tax (PIT) Booklet
- NM Form RPD-41096 - New Mexico Extension of Time to File
- NM Form PIT-X - New Mexico Personal Income Tax Amended Return
- NM Form PIT-EXT - New Mexico Personal Income Tax Extension Payment Voucher
- NM Form PIT-110 - Adjustments to New Mexico Income
- NM Form RPD-41272 - New Mexico Calculation of Estimated Personal Income Tax Underpayment Penalty
- NM Form RPD-41248 - New Mexico Allocation of Non-Resident Employee Income
- NM Form PIT-1 - New Mexico Personal Income Tax
- NM Schedule PIT-ADJ - New Mexico Additions and Deductions Schedule
Determine Your Resident Status so You File the Right Forms
What paperwork you need to fill out and send in to New Mexico is based on your legal residency, or where your permanent, official “home address” was during 2019. New Mexico categorizes its residents four ways: full-time New Mexico residents, part-year residents, New Mexico residents who worked in another state, nonresidents who worked in New Mexico or sold real estate or property located in New Mexico.
New Mexico Residents
You are a New Mexico resident if your permanent legal home address was in New Mexico for all of 2019, or if you were physically present in New Mexico for 185 days during the year. File a New Mexico resident income tax return if you are filing a federal income tax return as a New Mexico resident, if you want to apply for rebates or credits, or if you believe you are due a refund for withheld income. New Mexico residents use Form PIT-1. You may find the Form PIT-1 Instructions helpful, which you can download above.
New Mexico Part-Year Residents
If your official home or resident address was in New Mexico for only a portion of the year or if you resided in New Mexico for fewer than 185 days during 2019, you are a part-year New Mexico resident. You will need to use Form PIT-1 to file your New Mexico part-year resident income tax return. For help with this document, check out the Form PIT-1 Instructions, which you can download above.
New Mexico Residents – Worked in Another State
As a New Mexico resident, if you worked as an employee in any other state you will still be required to claim any income you earned out of state on your New Mexico tax return. New Mexico taxes its residents on all income no matter where they earned it. You can, however, avoid dual taxation, or having both states tax that income twice. New Mexico offers you a credit in these cases. The amount of the credit may not exceed 0.5 percent of the income you earned in the other state nor may it be greater than the amount of New Mexico income tax for which you are liable. Enter the dollar amount of the income taxed by the other state on New Mexico Form PIT-1, Line 17. Send Form PIT-1, a copy of your tax return to the other state and your New Mexico tax return. Above, you can find additional information – see Form PIT-1 Instructions.
Nonresidents – Worked or Sold Property in New Mexico
You are a nonresident of New Mexico if your legal home address was not in New Mexico during 2019 and if you resided in New Mexico for fewer than 185 days. New Mexico nonresidents who filed a federal income tax return which included income gained or lost from a New Mexico source are required to file a nonresident income tax return. Nonresidents use Form PIT-1. You can find additional information in Form PIT-1 Instructions, which you can download above.