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However, if you owe state income tax, some states accept the federal form, but others require you to file a separate state extension. Visit your state’s tax website to check the requirements and ...
Mail your completed tax extension form for 2020 to the IRS using the correct address for your location; you can find it on page 4 of Form 4868. ... Seven states don’t have a state income tax on ...
Corporations that generate income from activities or sources in New Mexico and that are required to file federal income tax returns as corporations must pay corporate income tax to the state. [14] Corporate income is taxed at the rate of 4.8% for the first $500,000, 6.4% for the next $500,000 (up to total income of $1 million), and 7.6% for ...
New Mexico Taxation and Revenue Department; Department overview; Type: Taxation & Revenue Services: Jurisdiction: State of New Mexico: Headquarters: 1100 South St. Francis Drive Santa Fe, New Mexico 87504-1028: Employees: 803: Annual budget: US$ 90,078,526.00 [1] Department executive
The April 18 tax deadline is rapidly approaching — and if you’ve procrastinated filing, you’re likely feeling the crunch. If you don’t think you’ll be able to make the deadline, you do ...
Beginning in 2008, personal income tax rates for New Mexico range from 1.7% to 4.9%, within four income brackets. [42] Beginning in 2007, active-duty military salaries are exempt from the state income tax. [43] New Mexico imposes a gross receipts tax on businesses.