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New Mexico Form PIT-1 (2025)

Your 2025 federal return, carried into New Mexico as a full-year resident. Every figure is computed in your browser from the return you have already entered, and anything this engine cannot yet figure says so at the line rather than printing a number that would be wrong.

Tax year 2025nm-2025.1provisional figures

This is a hypothetical New Mexico return, so the official layout is not offered for it. A page that looked exactly like the printed form would be mistaken for one.

Federal — Form 1040

Total income0
Adjusted gross income0
Taxable income—
Total tax—

New Mexico — Form PIT-1

State income—
Taxable income—
Total tax—
Refund or amount owednot computed — not your resident state
Form PIT-1 — New Mexico Resident Income Tax Return
A working replica. Not a New Mexico Taxation and Revenue Department form and not for filing.
New Mexico Taxation and Revenue Department
Tax year 2025
Federal starting figure
Federal starting figure: blank
Additions
Additions: blank
Subtractions
Subtractions: blank
State income
State income: blank
Deduction
Deduction: blank
Exemptions
Exemptions: blank
Taxable income
Taxable income: blank
Tax before credits
Tax before credits: blank
Nonrefundable credits
Nonrefundable credits: blank
Total tax
Total tax: blank
Payments, refund and amount owed
not figured
This engine does not yet figure New Mexico’s withholding, estimated payments or settlement. Form PIT-1 has those lines; they are missing from this page, not from the form.
Worksheets and schedules behind these figures
Age blind exemption
Age blind exemption: blank
Capital gain deduction
Capital gain deduction: blank
Dependent deduction
Dependent deduction: blank
Federal deduction
Federal deduction: blank
Low middle exemption
Low middle exemption: blank
Muni interest addition
Muni interest addition: blank
Social security exemption
Social security exemption: blank
New Mexico Taxation and Revenue Department · Form PIT-1 (2025)NOT AN OFFICIAL NEW MEXICO FORM PIT-1HYPOTHETICAL RETURN — FILER DOES NOT LIVE IN NEW MEXICO

What this New Mexico return is missing

  • The state and local tax add-back when itemizing (PIT-1 line 10)too low
    §7-2-2(S) NMSA 1978 · the state and local tax deduction on federal Schedule A line 5a, at up to 5.9%; nil for a standard-deduction filer
  • New Mexico and territorial tax-exempt interest (PIT-ADJ line 7)too high
    §7-2-2(A) NMSA 1978 · the New Mexico, Puerto Rico, Guam, Virgin Islands, Samoa and Northern Mariana share of tax-exempt interest added back on line 1
  • Interest on U.S. government obligations (PIT-ADJ line 9)too high
    §7-2-2(A) NMSA 1978 · the Treasury share of taxable interest, at up to 5.9%
  • Railroad Retirement annuities and armed forces active duty paytoo high
    §7-2-5.10, §7-2-5.11 NMSA 1978 · 100% of qualifying railroad or active-duty income
  • The 40% deduction for gain on the sale of a New Mexico businesstoo high
    §7-2-34 NMSA 1978 · 40% of up to $1,000,000 of gain from a New Mexico business sale; nil inside the simple-return envelope, where the only gain is a capital-gain distribution
  • The medical care expense exemption for persons 65 or older (PIT-ADJ line 18)too high
    §7-2-5.6 NMSA 1978 · $3,000 where unreimbursed medical expenses reached $28,000
  • The New Mexico Medical Care Savings Account and 529 deductionstoo high
    §7-2-5.6, §7-2-32 NMSA 1978 · contributions and earnings; nil for a filer with neither account
  • Income earned on a New Mexico reservation or pueblo granttoo high
    §7-2-5.5 NMSA 1978 · 100% of qualifying reservation-source income
  • The PIT-RC rebates, the working families tax credit and the child day care credittoo high
    §7-2-14, §7-2-18 et seq. NMSA 1978 · 25% of the federal earned income credit, refundable, plus the low-income rebates
  • PIT-CR business-related income tax creditstoo high
    §7-2-18 et seq. NMSA 1978 · the credits a business owner carries; nil for a wage or retirement filer
  • The additional tax on lump-sum distributions (PIT-1 line 19)too low
    §7-2-7(D) NMSA 1978 · five times the difference the statute defines; nil inside the simple-return envelope
  • Taxable state refunds and the federal net operating loss carryoverdirection unknown
    §7-2-2 NMSA 1978 · the refund subtracts and the loss carryover adds; nil for a filer with neither

What this New Mexico return is not telling you

  • blanknmpit1.base_start could not be figured.
  • blanknmpit1.muni_interest_addition could not be figured.
  • blanknmpit1.additions could not be figured.
  • blanknmpit1.federal_deduction could not be figured.
  • blanknmpit1.dependent_deduction could not be figured.
  • blanknmpit1.low_middle_exemption could not be figured.
  • blanknmpit1.social_security_exemption could not be figured.
  • blanknmpit1.capital_gain_deduction could not be figured.
  • blanknmpit1.age_blind_exemption could not be figured.
  • blanknmpit1.subtractions could not be figured.
  • blanknmpit1.state_agi could not be figured.
  • blanknmpit1.deduction could not be figured.
  • blanknmpit1.exemptions could not be figured.
  • blanknmpit1.taxable_income could not be figured.
  • blanknmpit1.tax_before_credits could not be figured.
  • blanknmpit1.nonrefundable_credits could not be figured.
  • blanknmpit1.total_tax could not be figured.