PIT-RC: 13. 2025 PIT-RC Rebate & Credit Schedule (2025)
New Mexico · New Mexico TRD · Used for tax years 2025
The 2025 New Mexico PIT-RC is a schedule for claiming refundable rebates and credits with your personal income tax return, Form PIT-1. It reports household qualifications, modified gross income, and amounts claimed for income and property tax rebates, child day care, and other re
Who files this form
Use the 2025 Schedule PIT-RC if you qualify for one or more of the refundable rebates and credits listed on the form. Include it with your New Mexico personal income tax return, Form PIT-1.
The form lists these modified gross income limits for possible eligibility:
- Low income comprehensive tax rebate: $36,000 or less.
- Property tax rebate for persons age 65 or older: $16,000 or less.
- Additional low income property tax rebate: $24,000 or less, for residents of Los Alamos, Santa Fe, Doña Ana, or Bernalillo County only.
- New Mexico child day care credit: $30,160 or less.
Complete Section 1 to claim rebates and credits in Sections 2 through 5. It asks about New Mexico residency, physical presence in the state, eligibility to be claimed as someone else's dependent, and time spent as an inmate of a public institution.
These income limits are not the complete eligibility rules. The form refers you to the PIT-RC instructions for full requirements, but those instructions were not provided here.
What you'll need
Have the information and forms needed for the credits you claim:
- Form PIT-1: You need the number of exemptions from line 5 and federal adjusted gross income from line 9.
- Household income information: Section 1 asks for taxable and nontaxable income, including wages, benefits, business income, capital gains, gifts, and other income.
- Property tax and rent amounts: For applicable property rebates, you need tax billed for the calendar year on your principal residence and, for Section 3 renters, rent paid during the tax year.
- Child day care documents: Attach the worksheet from the instructions and Forms PIT-CG. You also need the federal child care credit applied against your federal tax from federal Schedule 3, line 2.
- Your spouse's information, if married filing separately: Include your spouse's income and the number of exemptions, if any, claimed on line 2g of your spouse's PIT-RC.
The form also refers to Tables 1, 2, and 3 in the instructions for rebate calculations and to an instructions worksheet for the Child Income Tax Credit. Those materials were not provided here.
How to file
Include the completed 2025 Schedule PIT-RC with your personal income tax return, Form PIT-1.
- Print your name and enter your Social Security number in the spaces provided.
- Complete Section 1 when claiming rebates or credits in Sections 2 through 5, then complete the applicable sections.
- If claiming the child day care credit, attach the worksheet and Forms PIT-CG.
- Add lines 14, 17c, 18c, 22, 23, 24, and 25. Enter the total on PIT-RC line 26 and Form PIT-1, line 24.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
- Checking statements that are not true: In Section 1, check a box only when the statement is true. If you are not married, leave the spouse boxes blank.
- Leaving out a spouse's income: If married filing separately, include your spouse's income in modified gross income.
- Using losses to reduce modified gross income: Enter zero, not a negative number, for a business, farm, or rental loss on line 8. Report capital gains without reducing them by capital losses on line 9.
- Reporting too little modified gross income: Line 12 must equal or exceed federal adjusted gross income on Form PIT-1, line 9.
- Completing a rebate section above its income limit: Do not complete line 14 if line 13 exceeds $36,000, Section 3 if it exceeds $16,000, or Section 4 if it exceeds $24,000.
- Missing property rebate details: Indicate your county in Section 4. In Section 3, mark line 16b if the rent amount includes rent a government entity paid on your behalf.
- Exceeding the printed rebate limits: Line 17c is limited to $250, or $125 if married filing separately. Line 18c is limited to $350, or $175 if married filing separately.
- Missing child day care requirements: Attach the worksheet and Forms PIT-CG. On line 19, enter the worksheet's Column G total or $1,200, whichever is less.
Questions people ask
What is modified gross income?
The form describes it generally as all taxable and nontaxable income of the taxpayer and household members, without reduction for losses. It refers to the instructions for types of income you do not need to include.
Can renters use the property tax rebate section for people age 65 or older?
Section 3 includes a calculation for rent paid on a principal residence. Enter the rent on line 16a and multiply it by 0.06 on line 16c. Section 3 has a modified gross income limit of $16,000. Section 4, the additional county property tax rebate, is for property owned only.
How does married filing separately affect the calculations?
Include your spouse's income when calculating modified gross income. Line 2h also asks for exemptions claimed on your spouse's PIT-RC. Married couples filing separately must divide the low income comprehensive tax rebate on line 14 and the child day care credit calculation on line 22 by two. The property rebate limits are $125 for line 17c and $175 for line 18c.
What other refundable credits appear on PIT-RC?
Section 6 lists the refundable medical care credit for persons age 65 or older, the special needs adopted child tax credit, and the Child Income Tax Credit. The supplied form does not provide complete eligibility rules for these credits.