Desktop: New Mexico
10 articles
Articles in Desktop: New Mexico
New Mexico - First-Year Resident Filing Status
In the state of New Mexico, establishing first-year residency can open the door to state-specific tax benefits, including eligibility for certain credits, deductions, and rebates.
New Mexico - Credit for Taxes Paid to Another State
New Mexico residents may claim a nonrefundable credit for taxes paid to another state.
New Mexico PTE E-File Block
A passthrough entity (PTE) filing New Mexico Form PTE uses Schedule PTE-D to report each owner’s share of net income or losses allocable to New Mexico, even if no tax is being withheld.
New Mexico - Military Retirement/Pension Income
Tax Processors Plus Desktop strives to keep the information on this page timely and accurate but makes no promise or guarantee about the timeliness, accuracy, or completeness of the contents of this page.
New Mexico S-Corporation E-file Block
An S corporation that passes taxable income to its owners must report the New Mexico taxable net income or losses of all resident and nonresident owners on Form S-Corp, even if no tax is being withheld.
New Mexico Military Pay and Spouse Income
Resident - Active duty military income is excluded from taxation in New Mexico.
How Do I file an Application for Extension of Time to File for New Mexico?
New Mexico recognizes and accepts an IRS automatic six-month extension of time to file, and if the taxpayer has filed a federal extension, the New Mexico tax return is also extended to October 15.
Where Do I Set Up Estimated Payments for New Mexico?
The estimated payment vouchers can be printed from this menu by selecting Print Estimate Coupons or can be printed from the View Results menu in the federal return.
Where Do I Enter Contributions to a New Mexico 529 College Savings Plan?
Taxpayers living in New Mexico can deduct contributions to New Mexico's 529 College Savings Program dollar for dollar from their state taxable income.
New Mexico Supported Business Forms
The Tax Processors Plus Desktop program supports the following New Mexico business forms.