The personal income tax rates vary depending upon your filing status, income, and taxable year. The Form PIT-1 also has many credits and rebates as specified in the instructions below. You are then able to use the Form PIT-1 to make any adjustment necessary in claiming exemptions or deductions allowed by New Mexico law. Personal income tax in New Mexico starts with the Federally Adjusted Gross Income (FAGI) from your federal return. More information about payment plans is available here. In the TAP system you are able to manage your account, submit documents to the Department electronically, make estimated, return, and assessment payments, and set up a self-serve payment plan. Online filing provides a faster turnaround time than filing a paper return. The Taxation and Revenue Department offers taxpayers the ability to file their tax return online and check the status of their refunds through the Taxpayer Access Point (TAP). If you are a 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. The income of members of an Indian nation, tribe or pueblo who work or live on lands outside the Indian nation tribe or pueblo of which they are members are subject to New Mexico income tax.
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