Did you know you can get alerted immediately when the New Mexico Tax Department publishes publications and forms? Sign up for live notifications for that and more at https://www.tax.newmexico.gov/nm-taxation-revenue-department-notification-service/ | New Mexico Taxation and Revenue
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You heard that right — taxpayers saved nearly $1 BILLION in Fiscal Year 2025 from tax cuts enacted under the Lujan Grisham administration. That includes: • An average of $653 in yearly savings to 141,274 taxpayers under the Social Security exemption. • An average of $652 in yearly savings to 208,205 taxpayers under the Working Families Tax Credit. • An average of $540 in yearly savings to 257,526 taxpayers under the Child Income Tax Credit. • An average of $149 in yearly savings to 314,848 taxpa
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