New Mexico tax forms & filing.
New Mexico has progressive brackets and one of the more retiree-friendly state tax structures for low-to-moderate income retirees. We file Form PIT-1 for residents and nonresidents.
Things to know about filing in New Mexico
- New Mexico is a community property state. Married couples filing separately split community income 50/50.
- New Mexico has a Working Families Tax Credit (state-level supplement to the federal EITC) and a Low-Income Comprehensive Tax Rebate — both refundable, both frequently missed in DIY software.
- New Mexico has a Solar Market Development Tax Credit (state credit for solar installations on residences) with an annual cap. Eligibility and credit amount depend on installation year.
- New Mexico exempts Social Security benefits up to a defined income threshold; above the threshold, Social Security is partially taxable.
New Mexico community property — and Working Families Tax Credit
New Mexico is one of nine community property states. Married NM residents filing separately must split community income 50/50, affecting divorce planning and pre-marital-property tracking.
Beyond community property, New Mexico offers a Working Families Tax Credit — a refundable state-level supplement to the federal Earned Income Tax Credit. The credit is calculated as a percentage of the federal EITC and is fully refundable, meaning low-income NM filers receive the credit even with no NM tax owed.
New Mexico also offers a Low-Income Comprehensive Tax Rebate — separate from the Working Families Credit, also refundable. Both credits are frequently missed in DIY software because they require federal EITC computation as input.
New Mexico Solar Market Development Tax Credit
New Mexico offers a state tax credit for residential solar PV installations completed at qualifying NM addresses. The credit reduces NM income tax dollar-for-dollar up to a per-installation cap.
Eligibility and credit amount depend on installation year and an annual aggregate cap administered by the NM Energy, Minerals and Natural Resources Department. Once the annual cap is exhausted, no further credits are issued until the next year.
Practical timing matters: filers planning a solar installation should track the annual cap status and apply for the credit certificate before the cap is reached. We coordinate with the installation vendor on certificate timing at intake when relevant.
Where's my refund?
The New Mexico Taxation and Revenue Department runs the official refund-status tracker. You'll need your Social Security number, filing status, and exact refund amount (in some cases, the tax year and a return-amount input).
Check your New Mexico refund status →
Multi-state considerations
If you lived or worked in more than one state during the tax year, you typically file a part-year resident return in each state. If you live in one state and work in another, you usually file as a resident where you live and as a nonresident in the work state — claiming a credit on the resident return for taxes paid to the work state. Reciprocity agreements between some neighboring states change this default; we map this out at intake.
New Mexico-specific multi-state nuances are addressed in the quirks list above when they apply.
Get the current-year forms
State tax rates, brackets, and forms change every year. We point to the New Mexico Taxation and Revenue Department as the authoritative source for current-year information. Form numbers above are stable; rates, deduction amounts, and credit limits are not — always verify before relying on a specific dollar amount.
Open the New Mexico Taxation and Revenue Department website →
Need help with your New Mexico return?
We file in all 50 states. If your New Mexico return is part of a multi-state, equity-comp, K-1, or business situation, book a free 15-minute Discovery Exchange and we'll talk through the right approach.
Book a Discovery Exchange →