New Mexico Free Printable  for 2016 New Mexico Personal Income Tax Return

Everyone who is require to file a New Mexico Individual Income Tax Form needs to fill out and file a FORM PIT-1.

We last updated the Personal Income Tax Return in May 2016, so this is the latest version of Form PIT-1, fully updated for tax year 2015. You can download or print current or past-year PDFs of Form PIT-1 directly from TaxFormFinder. You can print other New Mexico tax forms here.

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Personal Income Tax Return
Form PIT-1

2015 PIT-1 NEW MEXICO PERSONAL INCOME TAX RETURN For the year January 1 - December 31, 2015 or fiscal year beginning F.1 ending F.2 If amending use Form 2015 PIT-X. Print your name (first, middle, last) *150180200* SOCIAL SECURITY NUMBER 1a Blind Age 65 Residency or over status Taxpayer's date of birth 1b 1c 1d 1e 1f 2b 2c 2d 2e 2f Print your spouse's name (first, middle, last). If married filing separately, include spouse. 2a Spouse's date of birth 4. If a deceased taxpayer's refund must If the address is new or changed, mark this box. 3a be made payable to a person other than the taxpayer or spouse named on this return, enter below the name and social security number of that person. You must also attach Form RPD-41083. i Mailing Address (Number and street) 3b City State Postal/ZIP Code 3c If foreign address, enter country If taxpayer or spouse died before this 4c return is filed, enter date of death. g Residency status: For taxpayer and spouse (1e and 2e), enter: R if RESIDENT N if NON-RESIDENT F if FIRST-YEAR RES. P if PART-YEAR RES. Name 3d 4b EXEMPTIONS. Number of Qualified Exemptions. If you are a dependent of another taxpayer, enter 00. EXTENSION OF TIME TO FILE. If you have a federal or state extension, 6b mark the box and enter the extension date. 8. DEPENDENTS. As listed on your federal return. 5. 6a SSN 7. FILING STATUS. Mark only one box. (You must report the first 5 dependents in this table and additional dependents on Schedule PIT-S.) First name Column 1 Last name Column 2 Dependent's SSN Spouse's date of death 4d 4a Foreign province and/or state Taxpayer's date of death Column 3 Date of birth (MM/DD/CCYY) (1) Single (2) Married filing jointly (3) Married filing separately (Enter spouse's name and social security number in 2a and 2b.) (4) Head of household (Enter name of person qualifying you as head of household if that person is not counted as a qualified exemption on your federal return.) (5) Qualifying widow(er) with dependent child 9 9. FEDERAL ADJUSTED GROSS INCOME. (from federal Form 1040, line 38; Form 1040A, line 22;.................. or Form 1040EZ, line 4) 9a. If line 9 is negative, enter any federal net operating loss incurred........... 9a + 10 11. Total Additions to federal adjusted gross income (PIT-ADJ, line 5). Attach PIT-ADJ........................................... + 11 12. Federal standard or itemized deduction amount (from federal Form 1040, line 40; Form 1040A, line 24; or Form 1040EZ, line 5).............................................................................................................................................. 12a. If you itemized, mark the box........................................................................................................... 12a - 12 - 13 14. New Mexico low- and middle-income tax exemption. See PIT-1 instructions......................................................... - 14 15. Total Deductions and Exemptions from federal income (PIT-ADJ, line 22). Attach PIT-ADJ............................... - 15 16. Medical care expense deduction. See PIT-1 instructions...................................................................................... You must complete both lines 16 and 16a or the deduction will be denied. 16a 16a. Unreimbursed and uncompensated medical care expenses................... - 16 = 17 10. If you itemized your federal deduction amount, enter the amount of state and local tax deduction..................... claimed on federal Form 1040, Schedule A, line 5. See the worksheet in the instructions. 13. Federal exemption amount (from federal Form 1040, line 42; Form 1040A, line 26; or if you............................... filed Form 1040EZ, leave blank) 17. NEW MEXICO TAXABLE INCOME. Add lines 9, 10 and 11, then subtract lines 12, 13, 14, 15 and 16.............. Cannot be less than zero. 18. New Mexico tax on amount on line 17 or from PIT-B, line 14................................................................................... 18a. From Rate Table = R. From PIT-B, line 14 = B. .............................................................................. 18a 19. Additional amount for tax on lump-sum distributions. See PIT-1 instructions......................................................... 20. Credit for taxes paid to another state. You must have been a New Mexico resident during all or ....................... part of the year. Include a copy of other state's return. See PIT-1 instructions. 21. Business-related income tax credits applied, from Schedule PIT-CR, line A. Attach PIT-CR............................. 22. NET NEW MEXICO INCOME TAX. Add lines 18 and 19, then subtract lines 20 and 21. Cannot be less than zero....................................................................................................................................................................... 18 + - 20 - 21 = 22 Electronic filers: If you file your New Mexico Personal Income Tax return online and also pay tax due online, your due date is May 2, 2016. All others must file by April 18, 2016. See PIT-1 instructions for details. 19 Continue on the next page. 2015 PIT-1 *150190200* (page 2) NEW MEXICO PERSONAL INCOME TAX RETURN YOUR SOCIAL SECURITY NUMBER Do not submit a photocopy of this form to the Department. Submit only original forms and keep a copy for your records. THIS BOX IS INTENTIONALLY LEFT BLANK If submitting this return by mail, send to: New Mexico Taxation and Revenue Department P. O. Box 25122 Santa Fe, New Mexico 87504-5122 23. The amount on line 22 from page 1........................................................................................................................ 24. Total claimed on rebate and credit schedule (PIT-RC, line 25 ). Attach PIT-RC.................................................. 25. Working families tax credit. (You must complete both lines 25 and 25a or the deduction will be denied.).............. 25a. The amount of federal earned income credit (EIC) reported on your 2015 federal income tax return....................... 25a 26. Refundable business-related income tax credits from Schedule PIT-CR, line B. Attach PIT-CR.......................... 27. New Mexico income tax withheld. Attach annual statements of income and withholding............................. 28. New Mexico income tax withheld from oil and gas proceeds. Attach 1099-Misc or RPD-41285....................... 29. New Mexico income tax withheld from a pass-through entity. Attach 1099-Misc or RPD-41359........................ 23 + 24 25 30. 2015 estimated income tax payments. See PIT-1 instructions............................................................................... 31. Other Payments....................................................................................................................................................... 32. TOTAL PAYMENTS AND CREDITS. Add lines 24 through 31............................................................................. 33. TAX DUE. If line 23 is greater than line 32, enter the difference here. .................................................................. 34. Penalty on underpayment of estimated tax. If you want penalty computed for you, leave blank.. ........................ 35. Special method allowed for calculation of underpayment of estimated tax penalty. If you owe penalty on underpayment of estimated tax and you qualify, enter 1, 2, 3, 4, or 5 in the box. Attach RPD-41272.................. + + + + + + = 26 + 34 27 28 29 30 31 32 33 35. 36. Penalty. See PIT-1 instructions. If you want penalty computed for you, leave blank.............................................. + 36 37. Interest. See PIT-1 instructions. If you want interest computed for you, leave blank.............................................. 38. TAX, PENALTY, AND INTEREST DUE. Add lines 33, 34, 36, and 37.............................................................. + = 37 39. OVERPAYMENT. If line 23 is less than line 32, enter the difference here............................................................. 40. Refund voluntary contributions (PIT-D, line 16). Attach PIT-D................................................................................. 41. Amount from line 39 you want applied to your 2016 Estimated Tax ................................................................... - 38 39 40 41 42. AMOUNT TO BE REFUNDED TO YOU. Line 39 minus lines 40 and 41................................................................ = 42 REQUIRED: You must answer this question. !! REFUND EXPRESS !! HAVE IT DIRECTLY DEPOSITED! SEE INSTRUCTIONS AND COMPLETE ALL WILL THIS REFUND GO TO OR THROUGH AN ACCOUNT QUESTIONS IN THIS BLOCK. Choose one. Type: RE.3 LOCATED OUTSIDE THE UNITED STATES? If yes, you may Mark X by RE.1 Routing number: not use this refund delivery option. See instructions. Checking your choice. YES NO Savings RE.4 RE.2 Account number: I declare I have examined this return, including accompanying schedules and state- Paid preparer's use only: ments, and to the best of my knowledge and belief it is true, correct, and complete. _______________________________________ ___________ Your signature Date Signature of preparer Date Your driver's license or state issued ID no. and issuing state Expiration Date Spouse's signature Date Spouse's driver's license or state issued ID no. and issuing state Expiration Date P.1 (If filing jointly, BOTH must sign even if only one had income.) Taxpayer's phone number Taxpayer's email address Firm's name (or yours, if self-employed) P.2 NM CRS identification number P.3 Preparer's PTIN FEIN P.5 Preparer's phone number P.4 P.6 Mark this box if Form RPD-41338 is on file for this taxpayer. See PIT-1 instructions.
Extracted from PDF file 2015-new-mexico-form-pit-1.pdf, last modified December 2015

More about the New Mexico Form PIT-1 Individual Income Tax Tax Return TY 2015

Other New Mexico Individual Income Tax Forms:

TaxFormFinder has an additional 80 New Mexico income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Income Tax Instructions Individual Income Tax Instructions
Form PIT-ES Estimated Payment Voucher
Form PIT-1 Personal Income Tax Return
Form PIT-PV Payment Voucher
Form PIT-ADJ Schedule of Additions & Deductions and Exemptions

Download all NM tax forms View all 81 New Mexico Income Tax Forms


Form Sources:

New Mexico usually releases forms for the current tax year between January and April. We last updated New Mexico Form PIT-1 from the Taxation and Revenue Department in May 2016.

Show Sources >

Form PIT-1 is a New Mexico Individual Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of New Mexico Form PIT-1

We have a total of five past-year versions of Form PIT-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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