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Albuquerque New Mexico online Form 1040 (Schedule H): What You Should Know

The information on Schedule C is based upon your filing status.  To refer to IRS Publication 1, Schedules C and D For Federal Tax Purposes or  To view a list of your federal filing and payment deadlines, including Federal extension dates for paying your taxes, go to the Federal website. To prepare a copy for the taxpayer in the care of the New Mexico Legal Aid Office, or the legal aid office can prepare the return for you, or you can make your own preparer preparation and filing services. To read or download the return or to find instructions on how to prepare a return for the taxpayer, go to the federal taxpayer website, or contact New Mexico Legal Aid. 2023 Tax Preparation Segments — New Mexico Legal Aid Personal Income Tax: Where to File A new state tax is available to all taxpayers who pay tax in New Mexico. The State Tax Division of the Department of Finance has developed a new tax filing format for all New Mexico taxpayers. Please complete and submit Form MTB-10 (Payment of Annual County and Special Service Tax for the County of Santa Fe and Special Service Tax for the County of Bernalillo). You must pay this county and special service tax to cover one tax year after the tax year you earned the income. Income Taxes on Income From Employment: If your gross income from an employment is New Mexico taxable, the amount of the New Mexico employment tax you're responsible for paying depends on your employment classification. The applicable taxes from New Mexico's state and county taxes may also apply. For more information, see the General Information Section on page 16. 2024 Miscellaneous Tax Information In order to avoid unnecessary expenses, please complete Form MTB-10, Payment of Annual County and Special Service Tax For The County of Santa Fe. If you file Form MTB-10, you can have it automatically printed and filed to avoid using the printer. 2025 Tax Preparation Segments — New Mexico Legal Aid Taxable and Non-Taxable Personal Income Tax Returns If you received taxable personal income, the amount that is taxed depends on the following: A: Your Adjusted Gross Income (AGI). B: The amount the employer withheld from your paycheck or from the payroll deductions you made with it (not including deductions for social security, Medicare, or For Federal Unemployment (FTA) Taxes or state taxes, provided for in your employment tax return).

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