You may be subject to other taxes that require another return. 

New Mexico’s Estate Tax is phased out due to federal tax law changes as of January 1, 2005. If you must file federal Form 706 for any reason, then you should also file a New Mexico Estate Tax Return. When you send us both the Form 706 and the state estate tax return, we issue a “certificate of no tax due” for your records. Look for form RPD-41058,Estate Tax Return on our web site. 

Estates and trusts are subject to income tax at personal income tax rates. The FID-1, New Mexico Fiduciary Income Tax Return can be found online. Income taxes on estates and trusts is different from estate tax because they are based on income that an estate or trust generates. 

Note: New Mexico does not impose an inheritance tax

View Our Most Popular Pages & Services
Latest News:
Governor Susana Martinez

Governor Susana Martinez

Learn more about governor Martinez
Secretary Demesia Padilla

Secretary Demesia Padilla,CPA

Learn more about secretary Padilla

Online Services

Find an Online Service to Serve Your Needs

Taxation and Revenue New Mexico

1100 South St. Francis Drive
Santa Fe, NM 87504
(505) 827-0700

TRD Home          Privacy & Security          Site Policies          Accessibility/Non-Discrimination Statement          
About Us          Contact Us      Site MapLink to New Mexico Tax and Revenue Facebook Page

call us E-Mail Contact Us