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Does New Mexico allow the Miscellaneous Itemized Deduction

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Level 15

The short answer is no.

NM is one of the states that have rolling conformity with the IRC.  There is no special provision for Misc. I/D deduction - Line 12 of PIT-1 comes straight from Line 9 of F.1040.  Starting TY2019, however, there is now an additional dependent deduction to help offset the impact of TCJA.

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