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New Mexico Income Taxes and NM State Tax Forms

efile New Mexico tax return
New Mexico
"Land of Enchantment"

Start Federal and New Mexico Tax Returns

Your New Mexico Income Tax Return

Efile.com makes it easy for you to e-file your state tax return (e.g resident, nonresident, or part-year resident returns). However, the IRS and the respective state tax agencies require you to e-file a federal income tax return at the same time you efile a state tax return. This is not an efile.com policy but an IRS and state agency policy. Many taxpayers have asked how they can only prepare and file a state income tax return. The efile.com tax application lets you prepare a state tax return only, however you cannot efile the state return upon completion. Instead, you will have to download the completed state tax return as a PDF file, print it, sign it, and mail it to the respective state - the address is on the PDF file. Find more detailed instructions on how to prepare and file a state only return on efile.com.

2018 New Mexico Income Tax Filing Deadlines

Deadline
Type of Filing
Description
April 15, 2019
Tax Return - efileIT*
New Mexico State Income Tax Return Due Date.
April 15, 2019
Tax Extension
New Mexico Automatic Extension. Details below.
October 15, 2019
Tax Return - efileIT*
Last day to efile a 2018 New Mexico State Income Tax Return for tax extension filers and late efilers.
Now
Requires an accepted 2018 or previous year New Mexico State Tax Return.
State Tax Returns
Select respective State Tax Return Deadlines.
Federal Tax Returns
IRS Tax Return Deadlines.

E-File These 2018 New Mexico State Tax Forms

Prepare and efile these state forms for 2018 in conjunction with your federal and state income tax return. As you proceed through the tax interview on efile.com, the application will select the correct state forms for you. You can also select tax forms individually. All these forms will then be e-filed by you to the state tax agency. Instructions on how to only prepare a state income tax return.

Form/Schedule
Description
efileIT Now*
Form PIT-1
New Mexico Personal Income Tax Form
Form PIT-4
Preservation of Cultural Properties Credit
Form PIT-5
Qualified Business Facility Rehabilitation Credit
Form PIT-110
Adjustments to New Mexico Income
Form PIT-ADJ
Schedule of Additions and Deduction
Form PIT-B
Allocation and Apportionment of Income Schedule
Form PIT-CG
New Mexico Caregiver's Statement
Form PIT-CR
Non-Refundable Credit Schedule
Form PIT-D
New Mexico Voluntary Contributions Schedule (Refund Donation Form)
Form PIT-ES
Personal Income Estimated Tax Payment Voucher
Form PIT-RC
Rebate and Credit Schedule-PIT-1-RC
None
The state doesn't have a withholding form equivalent to the federal Form W-4. You should use a federal W-4 and write across the top of the form "For New Mexico Withholding Tax Only." Keep it in your files for reference purposes.
Cannot be efiled
Form PIT-PV
New Mexico Personal Income Tax Payment Voucher
Cannot be efiled


* Due to IRS and state tax agency tax data sharing and validation requirements, you can only e-file a state income tax return while also e-filing a federal income tax return. This is not an efile.com created policy, but all online tax web sites have to adhere to this IRS/state issued tax data sharing policy. Find out how to only prepare and file a state tax return. Only on efile.com can you prepare and efile unlimited state tax returns for one low price. Most other sites charge a per state price.

New Mexico efile Error Codes

If your New Mexico state return was rejected by the state and not efile.com, you will receive an error reject code. If you prepared and efiled your return on efile.com, we will provide you with an explanation of how to correct the error on your return. You may then resubmit your state return at no additional charge until it is accepted by the state. View a list of all New Mexico State efile Income Tax Return Error Reject Codes.

How To File a New Mexico Tax Extension

If you are certain that you cannot file your New Mexico return by the deadline, you do not need to file for an extension. You will automatically receive a 6-month extension of time to file your return (not to pay). The extended tax return due date is October 15, 2019. Please be aware that New Mexico will not accept the federal extension form as an extension for your New Mexico tax return. However, if you expect to owe income taxes, you should submit your payment with payment voucher Form RPD-41096. If you efiled your return and are making a payment by check or money order, you must complete a Form RPD-41096 on efile.com. If you are making a payment by credit card, a Form RPD-41096 is not needed. If you are making an automatic extension payment, you also must use Form RPD-41096 unless it is made electronically. Use efile.com and prepare a New Mexico tax return to find out what your New Mexico state income tax payment will be.

Important: Do you need to prepare and e-file an IRS or federal tax extension as well?

How to File A New Mexico Tax Amendment

Amended New Mexico tax returns can only be mailed; they cannot be efiled. Learn how to file a New Mexico tax amendment.

Important Reminder! If you are filing a New Mexico tax amendment, you may need to file a federal tax amendment as well.

2017 Tax Year New Mexico Tax Forms

New Mexico state tax forms for previous Tax Years cannot be prepared and e-filed during the current tax season. You will need to print, fill out, and mail the forms to the New Mexico Department of Revenue.

Form/Schedule
Description
New Mexico Personal Income Tax Return
Preservation of Cultural Properties Credit
New Mexico Qualified Business Facility Rehabilitation Credit
Adjustments to New Mexico Income
New Mexico Schedule of Additions and Deductions/Exemptions
Allocation and Apportionment of Income Schedule
New Mexico Caregiver's Statement
New Mexico Non-Refundable Credit Schedule
New Mexico Voluntary Contributions Schedule
New Mexico Estimated Personal Income Tax Payment Voucher
Rebate and Credit Schedule-PIT-1-RC

2016 Tax Year New Mexico Tax Forms

New Mexico state tax forms for previous Tax Years cannot be prepared and e-filed during the current tax season. You will need to print, fill out, and mail the forms to the New Mexico Department of Revenue.

Form/Schedule
Description
New Mexico Personal Income Tax Return
Preservation of Cultural Properties Credit
New Mexico Qualified Business Facility Rehabilitation Credit
Adjustments to New Mexico Income
New Mexico Schedule of Additions and Deductions/Exemptions
Allocation and Apportionment of Income Schedule
New Mexico Caregiver's Statement
New Mexico Non-Refundable Credit Schedule
New Mexico Voluntary Contributions Schedule
New Mexico Estimated Personal Income Tax Payment Voucher
Rebate and Credit Schedule-PIT-1-RC
 

New Mexico Tax Facts

NM Income Tax

New Mexico uses a four-bracket, graduated-rate table. The tax brackets for single taxpayers are:

  • 1.7% for the first $5,500 of taxable income
  • 3.2% for incomes between $5,501 and $11,000
  • 4.7% for incomes between $11,001 and $16,000
  • 4.9% for incomes above $16,001

The tax brackets for married taxpayers filing jointly and heads of households are:

  • 1.7% for the first $8,000 of taxable income
  • 3.2% for incomes between $8,001 and $16,000
  • 4.7% for incomes between $16,001 and $24,000
  • 4.9% for incomes above $24,001

NM Sales Tax

New Mexico's general gross receipts tax (the state's term for sales tax) is 5.125%.

The combined gross receipts tax rate varies throughout the state. The total rate is a combination of all rates imposed by the state, counties, and municipalities. It is more than 8% in some jurisdictions.

More information on New Mexico Sales Tax

NM Sales Tax Holiday

New Mexico has an annual “New Mexico Gross Receipts Tax Holiday”. It usually occurs on the first weekend of August (midnight Friday through midnight Sunday). Certain items are exempt from New Mexico sales tax. However, the NM consumer will only receive the tax exemption if a specific total spending limit is met.

Refer to the chart below for New Mexico sales tax holidays for 2019. We will update it with the dates when they are available. 

Sales Tax Holiday
Sales Tax Holiday Items Included
August 2019
  • Clothing - $100 or less (excluding accessories, athletic or protective clothing or footwear)
  • Computers, e-readers that have computing functions, and tablets - $1,000 or less
  • Computer equipment and certain computer-related items - $500 or less
  • School supplies - $30 or less

NM Personal Property Tax

Taxes are generally not assessed on personal property. Personal household effects, registered aircraft, licensed vehicles, certain personal property warehoused in the state, and business personal property that is not depreciated for federal income tax purposes are exempt from the tax.

New Mexico has a head of family exemption rather than a homestead exemption. Eligible residents must apply for it only once to receive it in subsequent years. The exemption must be for the property in which the owner resides in the State of New Mexico. Only one family exemption per household is permitted.

Odd New Mexico Tax Fact

The state's personal income tax rates are based on the federal adjusted gross income rates. New Mexico uses the same dollar amounts as the IRS for standard deductions, personal exemptions, and itemized deductions.

New Mexico State Tax Agency Contacts

You can contact the New Mexico Department of Revenue at (505) 827-0700.

For more information on New Mexico state income taxes, you can visit the website of The New Mexico Department of Revenue

See other U.S. States, Territories, and Protectorates.