New Mexico State Tax Filing

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New Mexico Tax Details

The New Mexico Taxation and Revenue Department made a few changes for the 2021 tax year.

The Working Families Credit was expanded to include those who would have been eligible for the Federal Earned Income Credit but did not meet either the identification number or age requirements. There is a new tax rate for high income.

Additionally, there is a new Liquor License Lessor Deduction, a 2021 Sustainable Building Credit, and you can voluntarily contribute to the Healthy Soil Fund.

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