Instructions for Form PIT-1 New Mexico Personal Income Tax Return - New Mexico

This document contains official instructions for Form PIT-1 , New Mexico Personal Income Tax Return - a form released and collected by the New Mexico Taxation and Revenue Department.

FAQ

Q: What is Form PIT-1?
A: Form PIT-1 is the New Mexico Personal Income Tax Return.

Q: Who needs to file Form PIT-1?
A: New Mexico residents who earned income during the tax year must file Form PIT-1.

Q: When is the deadline for filing Form PIT-1?
A: The deadline for filing Form PIT-1 is April 15th of each year, or the next business day if April 15th falls on a weekend or holiday.

Q: What information is needed to complete Form PIT-1?
A: You will need to provide information about your income, deductions, and any tax credits you are eligible for.

Q: Can I file Form PIT-1 electronically?
A: Yes, you can file Form PIT-1 electronically through the New Mexico Taxpayer Access Point (TAP) system.

Q: Is there a penalty for late filing of Form PIT-1?
A: Yes, if you file your Form PIT-1 after the deadline, you may be subject to late filing penalties and interest on any unpaid tax.

Q: Do I need to include a copy of my federal tax return with Form PIT-1?
A: No, you do not need to include a copy of your federal tax return with Form PIT-1, but you may be required to provide certain supporting documents and schedules.