Form PIT-X (2023) - New Mexico Personal Income Tax Amended Return
Form PIT-X is an official document used by New Mexico (NM) residents to amend, or change, their previously filed personal income tax return for a specific tax year (2023 in this case). This allows individuals to correct any errors or report new information that affects their NM tax liability.
When to Use Form PIT-X?
- You discovered a mistake on your original return (income, deductions, credits, etc.).
- You received additional income after filing your return.
- There are changes to your federal income tax return that impact your NM taxes.
- You qualify for tax credits or deductions you missed on the original filing.
How to File an Amended Return with Form PIT-X?
Step 1: Get the Form: Download the Form PIT-X attached below.
Step 2: Complete the Form: Fill out the form accurately, including your Social Security number, filing status, and reason for amending the return.
Step 3: Gather Supporting Documentation: Attach any documents that support the changes you're making, such as W-2s, 1099s, or receipts for deductions.
Step 4: File Electronically or by Mail: You can file electronically through the NM Taxation and Revenue Department's website or mail a completed paper copy with supporting documents to the address provided on the form.
Key Points to Remember About Form PIT-X:
A. Deadline: Generally, you have three years from the original due date of your return (including extensions) to file Form PIT-X.
B. Tax Payment: If your amended return shows additional tax owed, you will need to include a payment with your filing.
C. Refunds: If the amendment results in an overpayment of taxes, you may be entitled to a refund.
To access the current year's Form PIT-X, click here.