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More than 28% of the more than 1 million New Mexicans who filed a tax return in 2023 claimed out-of-pocket medical expenses to lower their taxes. ... Lawmakers gave the deduction a 10-year ...
New Mexico started sending payments in the summer of 2022, but these will continue to roll out into 2023, so long as your return is filed by May 23, 2023. Pennsylvania
For the 2023 tax season, the IRS processed 163,515,000 returns, resulting in an average refund of $3,170, a slight increase from the previous season's average of $3,145.
Tax free weekend in New Mexico begins at 12:01 a.m. on Friday, Aug. 2 and runs through Saturday, Aug. 4 at midnight. The gross receipt tax exception applies to eligible items in several categories ...
In 2021, the federal government spent $2.48 on New Mexico for every dollar of tax revenue collected from the state, higher than every state except Kentucky. [291] The same year, New Mexico received $9,624 per resident in federal services, or roughly $20 billion more than what the state pays in federal taxes. [292]
Here are the most important changes for tax filing in 2023. Tax Filing Date. Taxes are due Tuesday, April 18. ... sourced from the U.S. or one of its free trade partners. ... live updates: New ...
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