PIT-1: 01. 2024 PIT-1 Personal Income Tax Return (2024)
New Mexico · New Mexico TRD · Used for tax years 2024
Form 2024 PIT-1 is the New Mexico Personal Income Tax Return. It reports income, deductions, exemptions, credits, withholding, and payments to calculate your New Mexico income tax and any amount due or refund.
When it's due
For the 2024 tax year:
- April 30, 2025: If you file your New Mexico personal income tax return online and also pay tax due online.
- April 15, 2025: All other filers.
If you have a federal or state extension, mark box 6a and enter the extension date in box 6b.
What you'll need
Use your 2024 federal income tax return to report federal income, deductions, dependents, and earned income credit. If you itemized, the form also refers to federal Schedule A, line 5a.
Depending on what you report, attach:
- PIT-ADJ: Additions, deductions, and exemptions reported on lines 11 and 15.
- PIT-CR, PIT-RC, or PIT-D: Business-related credits, rebates and credits, or refund voluntary contributions reported from these schedules.
- Annual income and withholding statements: New Mexico income tax withheld on line 27.
- 1099-Misc or RPD-41285: Withholding from oil and gas proceeds on line 28.
- 1099-Misc or RPD-41359: Pass-through entity withholding, entity-level tax, or composite income tax on line 29.
- A copy of the other state's return: If claiming the credit for taxes paid to another state.
- RPD-41272: If using a qualifying special method to calculate the estimated tax underpayment penalty.
- RPD-41083: If a deceased taxpayer's refund must be payable to someone other than the taxpayer or spouse named on the return.
Report the first five dependents on PIT-1. Use PIT-S for additional dependents.
How to file
The form allows online filing and online payment.
To file by mail, send the original return to:
New Mexico Taxation and Revenue Department
P. O. Box 25122
Santa Fe, New Mexico 87504-5122
Do not submit a photocopy. Keep a copy for your records and include the attachments required for the lines you complete.
Sign and date the return. If filing jointly, both spouses must sign, even if only one had income.
To amend a 2024 return, use Form 2024 PIT-X.
Common mistakes
- Leaving medical deduction fields incomplete: Complete both lines 16 and 16a or the deduction will be denied.
- Leaving working families tax credit fields incomplete: Complete lines 25 and 25a. Line 25b is for NM Expansion only and must be checked if you did not qualify for federal EIC. The form warns that incomplete required fields will result in denial.
- Missing a spouse's signature: Both spouses must sign a joint return, even if only one had income.
- Mailing a photocopy: Submit only original forms and keep a copy for your records.
- Choosing direct deposit for an account outside the United States: You cannot use Refund Express if the refund will go to or through an account outside the United States.
- Marking more than one filing status: Mark only one box.
Questions people ask
How do I amend my 2024 New Mexico return?
Use Form 2024 PIT-X.
Can I have my refund directly deposited?
Yes. Complete all questions in the Refund Express block, including your routing number, account number, and account type. You cannot use this method if the refund will go to or through an account outside the United States.
Can I apply an overpayment to next year's estimated tax?
Yes. On line 41, enter the amount from line 39 that you want applied to your 2025 estimated tax.
What is required to claim credit for taxes paid to another state?
The form says you must have been a New Mexico resident during all or part of the year. Include a copy of the other state's return.
What happens if I check the medical insurance box?
Checking the box lets the Taxation and Revenue Department share information from PIT-1 and PIT-S with the Health Care Authority and Health Insurance Exchange to see whether you and your household members qualify for medical insurance.