Get NM PIT-CG 2010

Nonresidents, including foreign nationals and those who reside in states that do not have income taxes, must file when they have both a federal filing requirement and income from any New Mexico source whatsoever.

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.

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.

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.

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."

The regular deadline to file a New Mexico state income tax return is April 15.

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.

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

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.

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 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.

New Mexico residents do not need to worry about a state estate or inheritance tax. New Mexico does not have these kinds of taxes, which some states levy on people who either owned property in the state where they lived (estate tax) or who inherit property from someone who lived there (inheritance tax).

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.