New Mexico Military Retired Pay Income Tax Exemption

New Mexico Taxation and Revenue Department

Up to $30,000 of military retired pay exempt from New Mexico income tax

You can exclude up to $30,000 of military retired pay from your New Mexico personal income tax. Retired pay above that amount is still taxed by the state.

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 military retired pay you received.

Eligibility

You are a New Mexico resident filing a New Mexico personal income tax return
You receive military retired pay

Source

Official source

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