330 Views U.S. Senators Martin Heinrich of New Mexico and Elizabeth Warren of Massachusetts and over 130 lawmakers sent a letter to the U.S. Secretary of the Treasury Janet Yellen and the Internal Revenue Service Commissioner Daniel Werfel, applauding the successful pilot of the Direct File program, and urging them
409 Views Starting in the 2025 tax year, New Mexicans will see the impact of the first major adjustment to the state’s income tax structure since 2005. All state taxpayers will owe less, but especially those who make the least.
380 Views House bill offers incentives and tax deductions ALBUQUERQUE, N.M. — New Mexicans could start seeing deductions in their taxes and incentives if Gov. Michelle Lujan Grisham signs House Bill 252. Rep. Derrick Lente, one of the sponsors for this bill, said it’ll help New Mexicans hold on to
432 Views SANTA FE, N.M. — A massive tax package just crossed the halfway point at the Roundhouse after several hours of debate on the House floor.
393 Views New Mexico is now among the top 10 states for most equitable tax structures thanks mostly to changes signed into law by Gov. Michelle Lujan Grisham over the past five years, according to a new report by the Institute on Taxation and Economic Policy (ITEP).
323 Views SANTA FE COUNTY, N.M. (KRQE) – If you’re looking for guidance with your taxes, Santa Fe Community College (SFCC) and AARP Foundation Tax-Aide will be offering help for a few months. On SFCC’s main campus (located at 6401 Richards Ave, Santa Fe) from January 29 to April 15,
492 Views ALBUQUERQUE, N.M. — House Bill 130 now requires all school districts to have 180 instructional days in a school year. Many school districts – like APS, Rio Rancho, Belen, and Los Lunas – all moved up their start dates to make sure they have enough days this year.
623 Views NEW MEXICO (KRQE) – The Department of the Interior (DOI) will allocate $46.7 million to 32 local New Mexico governments this year. The Payments in Lieu of Taxes (PILT) are distributed because local governments cannot tax federal lands.
491 Views Commentary by Paul Gessing According to New Mexico’s Tax and Revenue Department rebate checks (or transfers to bank accounts) will be going out at any time during the middle of June. At the Rio Grande Foundation we welcome the $500 or $1,000 (depending on single/married filing status). This
542 Views NEW MEXICO — Tax rebate checks approved in the 2023 legislative session will be issued on June 16, 2023. The state Taxation and Revenue Department will send $500 rebate checks to single filers and $1000 rebate checks to couples filing jointly.
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