New Mexico Income Tax Exemption for Military Survivor Benef…

New Mexico Income Tax Exemption for Military Survivor Benefit Plan Annuities

New Mexico Taxation and Revenue Department

Up to $30,000 of military survivor annuity exempt from New Mexico income tax

You can exclude up to $30,000 of a military survivor annuity from your New Mexico personal income tax. This covers the Survivor Benefit Plan, the Reserve Component Survivor Benefit Plan and the Retired Serviceman’s Family Protection Plan.

Check eligibility

How to apply

There is nothing to apply for. Claim the exemption on your New Mexico personal income tax return for the year, and keep your Form 1099-R with your tax records.

What you'll need

Your Form 1099-R showing the annuity payments you received.

Eligibility

You are a New Mexico resident filing a New Mexico personal income tax return
You receive a Survivor Benefit Plan, Reserve Component Survivor Benefit Plan or Retired Serviceman’s Family Protection Plan annuity

Source

Official source

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