Below are solutions to frequently asked questions about entering New Mexico other credits in the Individual return. Refer to this resource from The Taxation and Revenue Department of New Mexico for more information.
Follow these steps to enter NM other credits in the program:
- From the Input Return tab, go to State & Local ⮕ Other Credits ⮕ NM Other Credits.
- Select the Credit Type from the dropdown list.
- Enter the Credit Number.
- Enter the Year of Approval.
- Enter the Amount of Credit Approved.
- Enter the Total Credit Claimed in Prior Years (when applicable).
- Enter the Amount of Credit To Refund (when applicable).
- Follow steps 3-8 for each credit you want to enter.