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State of New Mexico Taxation and Revenue DepartmentPITES Personal Income Estimated Tax Payment Voucher You may submit a payment with the payment voucher below or pay estimated personal income taxes.

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Qualifications for the Value Freeze: The applicant must be 65 years or older or disabled (proof of disability status is required). The applicant must be a New Mexico resident. The subject property must be the applicant's primary residence and an owner occupied, single-family dwelling.

Every individual who must file a New Mexico personal income tax return must pay estimated tax under Section 7-2-12.2 NMSA 1978. You can meet this requirement through withholding or estimated tax payments.

How does New Mexico's tax code compare? New Mexico has a graduated state individual income tax, with rates ranging from 1.70 percent to 5.90 percent. New Mexico has a 5.9 percent corporate income tax rate.

The personal income tax is filed using Form PIT-1, Personal Income Tax Return. If you are a New Mexico resident, you must file if you meet any of the following conditions: You file a federal return; You want to claim a refund of any New Mexico state income tax withheld from your pay, or.

These are the 10 states that tax Social Security benefits in 2024: Colorado, Connecticut, Kansas, Minnesota, Montana, Nebraska, New Mexico, Rhode Island, Utah and Vermont. One thing to keep in mind is that the taxes you face will differ from one state to the next.

In 2025, the New Mexico state income tax rates range from 1.50% to 5.90%. Moreover, New Mexico also has a standard deduction that is $15,000 for single filers, and $30,000 for married filing jointly.

Your Income Taxes Breakdown TaxMarginal Tax Rate2024 Taxes* Federal 12.00% $5,235 FICA 7.65% $4,602 State 4.90% $1,953 Local 0.00% $04 more rows • Jan 1, 2025

2024 tax brackets Tax rateSingleMarried filing jointly 10% $0 to $11,600 $0 to $23,200 12% $11,601 to $47,150 $23,201 to $94,300 22% $47,151 to $100,525 $94,301 to $201,050 24% $100,526 to $191,950 $201,051 to $383,9004 more rows • 4 days ago

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232