Personal Income Tax

New Mexico imposes a tax on the net income of every resident and on the net income of every nonresident employed or engaged in business in, into or from this state or deriving any income from any property or employment within this state.

If you are a New Mexico resident, you must file if you meet any of the following conditions:

  • You file a federal return;
  • You want to claim a refund of any New Mexico state income tax withheld from your pay, or
  • You want to claim any New Mexico rebates or credits.

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.

The rates vary depending upon your filing status and income. The top tax bracket is 5.9%

The Department offers taxpayers the ability to file their tax return online. Online filing provides a faster turnaround time than filing a paper return. For example, if you are due a refund, it could reach you within two weeks.

The Department allows taxpayers to check the status of their refunds online through the Taxpayer Access Point (TAP). The taxpayer must establish an online account to check the refund status.

Links

E-File
Manage your account online
Check the status of your refund
Make estimated, return, and assessment payments
Personal Income Tax Publications
Tax Rates

Statutory Reference: Look for Chapter 7, Article 2 NMSA 1978 in the New Mexico State Statutes

Personal Income Tax Forms and Documents