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*250180200* 9. FEDERAL ADJUSTED GROSS INCOME. (from federal Form 1040 or 1040SR, line 11)..................................... 9 10. If you itemized your federal deduction amount, enter the amount of state and local tax deduction claimed on federal Form 1040, Schedule A, line 5a. See the worksheet in the instructions..................................................... + 10 11. Total Additions to federal adjusted gross income (PIT-ADJ, line 6). Attach PIT-ADJ............................................ + 11 12. Federal standard or itemized deduction amount (from federal Form 1040, line 12................................................ - 12 12a. If you itemized, mark the box..................................................................................................... 12a 13. Deduction for certain dependents. See the worksheet in the instructions.............................................................. - 13 14. New Mexico low- and middle-income tax exemption. See PIT-1 instructions......................................................... - 14 15. Total Deductions and Exemptions from federal income (PIT-ADJ, line 28). Attach PIT-ADJ................................ - 15 16. Reserved for Future Use......................................................................................................................................... 16 17. NEW MEXICO TAXABLE INCOME. Add lines 9, 10 and 11, then subtract lines 12, 13, 14, and 15. Cannot be less than zero.......................................................................................................................................................... = 17 18. New Mexico tax on amount on line 17 or from PIT-B, line 14................................................................................. 18 18a. From Tax Rate Table = R. From PIT-B, line 14 = B..................................................................... 18a 19. Additional amount for tax on lump-sum distributions. See PIT-1 instructions......................................................... + 19 20. Credit for taxes paid to another state. You must have been a New Mexico resident during all or
part of the year. Include a copy of other state's return. See PIT-1 instructions.................................................. - 20 21. Business-related income tax credits applied, from Schedule PIT-CR, line A. Attach PIT-CR................................. - 21 22. NET NEW MEXICO INCOME TAX. Add lines 18 and 19, then subtract lines 20 and 21. Cannot be less than zero......................................................................................................................................................................... = 22 Continue on the next page. 2025 PIT-1 NEW MEXICO PERSONAL INCOME TAX RETURN If amending use Form 2025 PIT-X.
Column 1 First name Last name
Column 2 Dependent's SSN Column 3 Date of birth (MM/DD/CCYY) 8. DEPENDENTS AND OTHER DEPENDENTS. As listed on your federal return. (You must report the first 5 dependents and other dependents in this table. Use Schedule PIT-S for additional entries.) 7. FILING STATUS. Mark only one box. (4a) (3) Married filing separately (Enter spouse's name and social security number in 2a and 2b.) (4) Head of household (Enter name of person qualifying you as head of household if that person is not counted as a qualified dependent on your federal return.) (5) Surviving Spouse with dependent child EXEMPTIONS: Taxpayer, spouse, dependents, and other dependents reported on federal Form 1040. If you are a dependent or other dependent of another taxpayer, enter 00. (See instructions) 5 SOCIAL SECURITY NUMBER Print your name (first, middle, last) as it appears on your state-issued driver's license or ID. Age 65 Blind or over 1a 2a Print your spouse's name (first, middle, last). If married filing separately, include spouse. 1b 2b 2e 1e 2d 1d 2c 1c 4d 4c Residency status R if Resident N if Non-Resident F if First-Year Resident P if Part-Year Resident Residency status: For taxpayer and spouse (1e and 2e), enter: Claimant's SSN 4. Claimant's Name Mailing Address (Number and street) City State Postal/ZIP Code 3b 6a 6b For the year January 1 - December 31, 2025 or fiscal year beginning ending F.2 F.1 (1) Single (2) Married filing jointly Taxpayer's date of birth 2f 1f Spouse's date of birth EXTENSION OF TIME TO FILE: If you have a federal or state extension, mark box 6a and enter the extension date in box 6b. 4a 4b Taxpayer's date of death Spouse's date of death If a deceased taxpayer's refund must be made payable to a person other than the taxpayer or spouse named on this return, enter below the name and social security number of that person. You must also attach Form RPD-41083. If taxpayer or spouse died before this return is filed, enter date of death. If foreign address, enter country Foreign province and/or state 3c 3d FOR DEPARTMENT USE ONLY If the address is new or changed, mark this box. 3a DO NOT USE
*250190200* Do not submit a photocopy of this form to the Department. Submit only original forms and keep a copy for your records. If submitting this return by mail, send to: New Mexico Taxation and Revenue Department, P. O. Box 25122, Santa Fe, New Mexico 87504-5122 23. The amount on line 22 from page 1........................................................................................................................ 23 24. Total claimed on rebate and credit schedule (PIT-RC, line 26 ). Attach PIT-RC.................................................... 24 25. Working families tax credit. (You must complete lines 25, 25a, and 25b* or the deduction will be denied.)........... + 25 25a. The amount of federal earned income credit (EIC) reported on your 2025 federal income tax return or calculated under NM Expansion.... 25a 25b. *NM Expansion Only: Check this box if you did not qualify for the EIC on your federal return.. 25b 26. Refundable business-related income tax credits from Schedule PIT-CR, line B. Attach PIT-CR.......................... + 26 27. New Mexico income tax withheld. Attach annual statements of income and withholding............................... + 27 28. New Mexico income tax withheld from oil and gas proceeds. Attach 1099-Misc or RPD-41285.......................... + 28 29. New Mexico income tax withheld from or paid as Entity-level tax or Composite income tax by a pass-through entity. Attach 1099-Misc or RPD-41359................................................................................................................ + 29 30. 2025 estimated income tax payments. See PIT-1 instructions............................................................................... + 30 31. Other Payments...................................................................................................................................................... + 31 32. TOTAL PAYMENTS AND CREDITS. Add lines 24 through 31............................................................................... = 32 33. TAX DUE. If line 22 is greater than line 32, enter the difference here................................................................... 33 34. Penalty on underpayment of estimated tax. See PIT-1 instructions ...................................................................... + 34 35. Special method allowed for calculation of underpayment of estimated tax penalty. If you owe penalty on
underpayment of estimated tax and you qualify, enter 1, 2, 3, 4, or 5 in the box. Attach RPD-41272 ................... 35 36. Penalty. See PIT-1 instructions............................................................................................................................... + 36 37. Interest. See PIT-1 instructions............................................................................................................................... + 37 38. TAX, PENALTY, AND INTEREST DUE. Add lines 33, 34, 36, and 37................................................................... = 38 39. OVERPAYMENT. If line 23 is less than line 32, enter the difference here............................................................. 39 40. Refund voluntary contributions (PIT-D, line 18). Attach PIT-D................................................................................ - 40 41. Amount from line 39 you want applied to your 2026 Estimated Tax................................................................... - 41 42. AMOUNT TO BE REFUNDED TO YOU. Line 39 minus lines 40 and 41............................................................... = 42 Refund Express!! Have it directly deposited! See instructions and complete all questions in this block. RE. 1 Routing Number RE. 2 Account Number RE.3 Account Type: Checking Savings Re. 4: Will this refund go to or through an account outside of the United States? Important: If "yes," you can not use this refund method. See instructions. Yes No Check this box if you would like to see if you and the members of your household qualify for medical insurance through the Health Care Authority (HCA) or BeWell, New Mexico's Health Insurance Marketplace. Important: Checking this box gives the Taxation and Revenue De- partment permission to share information provided on the PIT-1 and PIT-S with HCA and BeWell. See instructions for additional information. HCA. 1 I declare I have examined this return, including accompanying schedules and state- ments, and to the best of my knowledge and belief it is true, correct, and complete. Paid preparer's use only: Your signature Date Signature of preparer Date Driver's License, State ID No. or enter "NONE" or "DECLINED" State Expiration Date P.1 Firm's name (or yours, if self-employed) Spouse's signature Date P.2 NMBTIN P.3 Preparer's PTIN Spouse's Driver's License, State ID No. or enter "NONE" or "DECLINED" State Expiration Date P.4 FEIN P.5 Preparer's phone number (If filing jointly, BOTH must sign even if only one had income.) Mark this box if Form RPD-41338 is on file for this tax- payer. See PIT-1 instructions. Taxpayer's phone number P.6 Taxpayer's email address 2025 PIT-1 (page 2) NEW MEXICO PERSONAL INCOME TAX RETURN YOUR SOCIAL SECURITY NUMBER