New Mexico State Taxes

New Mexico state taxes are due on April 15th, the same day your federal return is due.

Prepare your New Mexico taxes online, for free:
Avoid mistakes and claim all your deductions by filing online.

Use Turbo Tax for The Web. Work on your federal and New Mexico state taxes for free until you file. Start now.

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Don't have time? Then file an extension with H&R Block.

New Mexico state taxes by the numbers:

Tax Rate Range: Low - 1.7%; High - 5.3%
Income Brackets*: Lowest - $5,500; Highest - $16,00
Number of Brackets: 4
Personal Exemptions: Single - $3,300; Married - $6,600; Dependents - $3,300
Standard Deduction: Federal Amount
Medical/Dental Deduction: Credit of 3% of unreimbursed prescription drug expenses to maximum of $150 per individual or $300 per return
Federal Income Tax Deduction: None

Details about your New Mexico state income tax return

Your New Mexico state tax return filing status and method of deductions must be the same as on your federal return.

New Mexico tax credits include:

  • welfare to work program credit
  • rural job tax credit
  • taxes paid to another state

New Mexico allows a variety of tax deductions as well. Again, a full list is available in the tax instruction booklet, but a short list of common deductions can be found below.

  • msa saving account
  • contributions to education trust board account
  • exemption for adopted or special needs children.

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New Mexico income tax forms: for paper filing

New Mexico income tax forms:

Form PIT-1 | 2006 New Mexico Individual Income Tax Return| Instructions

PIT-1-RC | Rebate and Credit Schedule

PIT-ADJ | Schedule of Additions and Deductions

For more New Mexico income tax forms go to the New Mexico tax forms site.


Or, e-file!

More NM state taxes info

For more help, consult our guide to tax filing.

For further help on NM income tax returns, go to theNew Mexico Taxation and Revenue Department.