{"id":1141,"date":"2020-10-21T11:30:18","date_gmt":"2020-10-21T17:30:18","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/individuals\/?page_id=1141"},"modified":"2026-07-22T14:51:16","modified_gmt":"2026-07-22T20:51:16","slug":"credits-rebates","status":"publish","type":"page","link":"https:\/\/www.tax.newmexico.gov\/individuals\/credits-rebates\/","title":{"rendered":"Credits & Rebates"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” background_repeat=”round” custom_margin=”0px||||false|false” custom_padding=”0px||0px|||” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_stops=”#ffffff 0%|#dedede 100%” background_color_gradient_start=”#ffffff” background_color_gradient_end=”#dedede ” width_last_edited=”off|desktop” custom_margin=”0px||||false|false” custom_padding=”4px||4px||true|false” background_color_gradient_stops_tablet=”#ffffff 0%|#dedede 100%” background_color_gradient_stops_phone=”#ffffff 0%|#dedede 100%” border_width_all=”1px” border_color_all=”#c9c9c9″ global_module=”210″ saved_tabs=”all” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_dmb_breadcrumbs font_icon=”5||divi||400″ home_icon=”||divi||400″ use_home_text=”on” home_text=”Individuals” use_home_url=”on” home_url=”\/individuals\/individuals\/” _builder_version=”4.16″ _module_preset=”default” body_text_color=”#282728″ separator_text_color=”#282728″ link_text_color=”#000000″ custom_padding=”0px||0px|15px|false|false” global_colors_info=”{}”][\/et_pb_dmb_breadcrumbs][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ specialty=”on” padding_top_bottom_link_2=”false” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Explore Section & Events” use_icon=”on” font_icon=”||divi||400″ _builder_version=”4.16″ _module_preset=”7b5e95ba-231a-438c-8dd9-6676746c29e6″ global_colors_info=”{}”][\/et_pb_blurb][et_pb_sidebar area=”et_pb_widget_area_2″ _builder_version=”4.16″ _module_preset=”50d7f88b-470d-49c8-b370-96c4a9bca4df” saved_tabs=”all” global_colors_info=”{}”][\/et_pb_sidebar][\/et_pb_column][et_pb_column type=”3_4″ specialty_columns=”3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_row_inner _builder_version=”4.16″ _module_preset=”default” background_color=”#ffffff” custom_padding=”|20px||20px|false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_post_title meta=”off” _builder_version=”4.16″ _module_preset=”default” title_font=”|300|||||||” title_font_size=”50px” title_letter_spacing=”-3px” global_colors_info=”{}”][\/et_pb_post_title][et_pb_text _builder_version=”4.27.7″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

New Mexico provides a number of adjustments to federally adjusted gross income (FAGI), individual credits and rebates, and industry specific credits for New Mexico individual income tax filers.<\/h2>\n

Form PIT-ADJ<\/strong>, Schedule of Additions, deductions, and exemptions <\/em>is to make adjustments to your FAGI based on the different types of income, contributions, or age.<\/p>\n

Form PIT-RC<\/strong> Rebate and Credit Schedule<\/em> is a separate schedule to claim individual credits. The balance of any refundable credits, after paying all taxes due, is refunded to you.<\/p>\n

Form PIT-CR<\/strong> Business-Related Income Tax Credit Schedule<\/em> is used to claim industry specific incentives. See FYI-106: Claiming Business-Related Tax Credits for Individuals and Businesses<\/strong><\/a>, or Tax Credits Overview & Forms<\/strong><\/a>.<\/p>\n

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New Mexico provides a number of adjustments to federally adjusted gross income (FAGI), individual credits and rebates, and industry specific credits for New Mexico individual income tax filers. Form PIT-ADJ, Schedule of Additions, deductions, and exemptions is to make adjustments to your FAGI based on the different types of income, contributions, or age. Form PIT-RC […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-1141","page","type-page","status-publish","hentry"],"yoast_head":"\nCredits & Rebates : Individuals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tax.newmexico.gov\/individuals\/credits-rebates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Credits & Rebates : Individuals\" \/>\n<meta property=\"og:description\" content=\"New Mexico provides a number of adjustments to federally adjusted gross income (FAGI), individual credits and rebates, and industry specific credits for New Mexico individual income tax filers. 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