Get NM TRD RPD-41367 2022-2024

New Mexico state income tax forms for Tax Year 2017 (Jan. 1 - Dec. 31, 2017) can no longer be prepared and e-filed. Complete the respective Form(s) below, sign, and mail them to the New Mexico Department of Revenue. In addition to filing New Mexico Forms you might also have to file the 2017 IRS Tax Return Forms.

New Mexico does not have a form equivalent to the federal Form W-4. For New Mexico withholding tax, you should use a federal W-4 and write across the top of that form: "For New Mexico Withholding Tax Only."

New Mexico residents are subject to the state's personal income tax. Additionally, the personal income tax applies to nonresidents who work in the state or derive income from property there. ... Personal income tax rates for New Mexico range from 1.7% to 4.9%, within four income brackets.

New Mexico's law says every person who has income from New Mexico sources and who is required to file a federal income tax return must file a personal income tax return in New Mexico. You must also file a New Mexico return if you want to claim: a refund of New Mexico state income tax withheld from your pay, or.

Personal income tax 3.2% on taxable income between $5,501 and $11,000. 4.7% on taxable income between $11,001 and $16,000. 4.9% on taxable income of $16,001 and above.

Generally, electronically filed returns claiming a refund are processed in two to four weeks. A paper return received in the Department early in the tax season takes six to eight weeks to process. If you file a paper return after March 15, you may not receive your refund for up to 12 weeks.

New Mexico collects a state income tax across 4 brackets ranging from 1.7% to a top rate of 4.9%.

New Mexico Retirement Tax Friendliness. New Mexico taxes all forms of retirement income, including Social Security, while offering a deduction to seniors with household income below a certain limit. New Mexico's sales taxes are above average, but its property taxes are among the lowest in the U.S.

Nonresidents, including foreign nationals and persons who reside in states that do not have income taxes, must file here when they have a federal filing requirement and have income from any New Mexico source whatsoever. You must file Form PIT-1 to report and pay personal income tax.

New Mexico taxes all forms of retirement income, including Social Security, while offering a deduction to seniors with household income below a certain limit. New Mexico's sales taxes are above average, but its property taxes are among the lowest in the U.S.

That means the 13 states that do tax your Social Security benefits are Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont, and West Virginia.

Social Security benefits are also taxable. Across the nation, up to 85% of your benefits can be taxed by the federal government. In some states, a state tax is also applied. Of the 50 states, 13 states tax Social Security benefits.

If you're getting a pension, you may prefer to live in one of the locales where pension income isn't taxed. These include Alaska , Florida , Illinois , Mississippi , Nevada , New Hampshire , Pennsylvania , South Dakota , Tennessee , Texas , Washington, and Wyoming .

There is not a composite return for New Mexico Subchapter S Corporations, however, the NM income tax withheld is reported on line 13 of NM form PTE.

To date the MLPA has obtained exclusions from composite return/withholding legislation in states including Alabama, Arkansas, California, Colorado, Connecticut, Georgia, Iowa, Illinois, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Montana, Nebraska, New Jersey, New Mexico, North Carolina, New York, ...