Personal Income Tax Credits

New Mexico offers personal income tax credits for various situations.

Refundable tax credits can be found on the PIT- RC and have eligibility requirements in addition to the ones listed below.

You may qualify for one or more credits if you were:                                                            

  •     A resident of New Mexico during the tax year;
  •     Physically present in New Mexico for at least six months during the tax year;
  •     Not eligible to be claimed as a dependent of another taxpayer for the tax year, and
  •     Not an inmate of a public institution for more than six months of the tax year.

There are also non-refundable credit and refundable credits related to tax incentives. More information about these credits can be found on the PIT-CR.

Please, see the folders below for the personal income tax instructions and the available tax incentives.