How do I file my New Mexico state taxes?

How can I file a New Mexico state tax return?

You can file your New Mexico state tax return at the same time as your federal tax return through the federal/state e-file program.
You can file it separately through the New Mexico Taxpayer Access site.

When can you file NM state taxes?

New Mexico State Income Taxes for Tax Year 2021 (January 1 – Dec. 31, 2021) can be prepared and e-Filed now along with an IRS or Federal Income Tax Return (or you can learn how to only prepare and file a NM state return). Attention: The New Mexico tax filing and tax payment deadline is April 18, 2022.

Do you have to file state taxes in NM?

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.

Can I pay my nm taxes online?

You may pay taxes over the internet with Visa, MasterCard, Discover or American Express cards. A convenience fee covers the costs that the companies bill the state when a credit card is used. There is no charge if you pay by electronic check.

How much do you have to make to file taxes in New Mexico?

For single filers, anyone earning $36,667 or less may claim this exemption. For married persons filing separately, the cutoff is $27,500. For married persons filing jointly or heads of household, the cutoff is $55,000….Income Tax Brackets.

Married, Jointly Filing
New Mexico Taxable Income	Rate
$315,000+	5.90%

Did New Mexico extend tax deadline?

The New Mexico Taxation and Revenue Department today announced it will extend the deadline for filing and paying 2020 New Mexico Personal Income Taxes until May 17, 2021 in accordance with the federal extension announced this week. The exclusion is available for taxpayers with an adjusted gross income under $150,000.

What is the New Mexico state income tax rate for 2020?

New Mexico Income Tax Rate 2020 – 2021 New Mexico state income tax rate table for the 2020 – 2021 filing season has four income tax brackets with NM tax rates of 1.7%, 3.2%, 4.7% and 4.9% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses.

How much do I need to make to file taxes in New Mexico?

Does New Mexico have a state tax withholding form?

All new employees for your business must complete both a federal Form W-4. Unlike some other states, New Mexico does not have a separate state equivalent to Form W-4, but instead relies on the federal form. You can download blank Forms W-4 from irs.gov.

How do I get my 1099 G Online nm?

After logging in to the UI Tax & Claims System, you can view your 1099-G by clicking on ‘View Correspondence’ on the menu on the left-hand side of the screen.

Do you have to report a w2 under 500?

No you would not be required to file a tax return for a W-2 of less than $500 assuming you had no other income. If any federal income tax was withheld, you should file a return to get a refund of the withholding.

What are the tax brackets in New Mexico?

New Mexico has four marginal tax brackets, ranging from 1.7% (the lowest New Mexico tax bracket) to 4.9% (the highest New Mexico tax bracket). Each marginal rate only applies to earnings within the applicable marginal tax bracket .

What is the state tax rate for New Mexico?

New Mexico (NM) Sales Tax Rates by City. The state sales tax rate in New Mexico is 5.1250%. With local taxes, the total sales tax rate is between 5.1250% and 9.2500%.

What is the personal income tax in New Mexico?

Is my retirement income taxable to New Mexico?

Yes. Retirement income from a pension or from a retirement account such as an IRA or a 401(k) is taxable in New Mexico. As with Social Security these forms of retirement income are deductible.