2024 New Mexico State Tax Deadlines
If you are a resident or have been involved in significant business operations within New Mexico, you might be required to file New Mexico State Taxes. We examine the most important tax deadlines and tax extensions for New Mexico in 2024.
New Mexico Business Tax Deadlines for 2024
C Corporation
New Mexico C Corporation Tax Deadlines for 2024
You must file & pay Corporate Income Taxes in New Mexico by April 15, 2025.
- File Online with the New Mexico Taxation and Revenue Department.
- File by Mail must be postmarked by the due date.
Form CIT-1 – New Mexico Corporate Income and Franchise Tax Return.
Extension to File Taxes in New Mexico for 2024
You must send payment for taxes in New Mexico for the fiscal year 2024 by April 15, 2025.
The Extension Deadline is October 15, 2025, to file your New Mexico corporate income tax return.
New Mexico automatically grants 6 months extensions on filing corporate income tax returns if a federal extension is filed. If the corporation has not received a federal extension and needs additional time to file CIT-1, request an extension from the Department. New Mexico requires the request by letter or by filing RPD-41096, Extension of Time to File, on or before the due date of the return.
This is an extension to FILE, not an extension to PAY – payment is still due April 15, 2025.
Pass-Throughs
New Mexico S Corporation & Partnership Tax Deadlines for 2024
You must file in New Mexico by March 15, 2025.
- File Online with the New Mexico Taxation and Revenue Department.
- File by Mail must be postmarked by the due date.
Applicable forms:
S-Corp - New Medico Sub-Chapter S Corporate Income and Franchise Tax Return
Form PTE – New Mexico Pass-Through Entity Income Tax Return
Extension to File S Corporation & Partnership Taxes in New Mexico for 2024
You must send payment for taxes in New Mexico for the fiscal year 2024 by March 15, 2025.
The Extension Deadline is September 15, 2025, to file your New Mexico pass-through entity tax return.
New Mexico automatically grants 6 months extensions on filing pass-through entity income tax returns if a federal extension is filed. If the pass-through entity has not received a federal extension and needs additional time to file the S-Corp or PTE return, request an extension from the Department. New Mexico requires the request by letter or by filing RPD-41096, Extension of Time to File, on or before the due date of the return.
This is an extension to FILE, not an extension to PAY – payment is still due March 15, 2025.
New Mexico Individual Tax Deadlines for 2024
Estimated Tax Deadline for New Mexico 2024
Estimated tax payments are due:
- April 15, 2024
- June 15, 2024
- September 15, 2024
- January 15, 2025
See PIT-ES instructions for the amount to pay with each voucher.
Individual Tax Deadline for New Mexico 2024
You must file & pay Individual Income Taxes in New Mexico by April 15, 2025.
- File Online with the New Mexico Taxation and Revenue Department
- File by Mail must be postmarked by the due date
Applicable forms:
Form PIT-1 – New Mexico Personal Income Tax Return
Extension to File Taxes in New Mexico for 2024
You must send payment for taxes in New Mexico for the fiscal year 2024 by April 15, 2025.
The Extension Deadline is October 15, 2025, to file your New Mexico Individual Income tax return.
New Mexico will automatically grant a 6 months extension on filing personal income taxes if a federal extension is filed. This means you do not need to file for an extension in New Mexico if you file a federal extension. If you do NOT file a federal extension, file Form 41096 and pay 100% of tax liability to avoid penalties.
This is an extension to FILE, not an extension to PAY – payment is still due April 15, 2025.
Estates Tax Deadline for New Mexico 2024
New Mexico does not have an Estate Tax.
Farmer and Fisherman Taxes for New Mexico 2024
If at least 2/3 of your gross income for the taxable year is derived from farming, you may pay estimated tax at any time on or before January 15, 2025. If you wait until January 15, 2025, you must pay the entire balance of the estimated tax. However, if farmers file their tax return on or before March 1, 2025, and pay the total tax at that time, they need not file estimated tax.
Sources
- New Mexico Taxation and Revenue Department Individual Filing Information: File Your Taxes Overview - Individuals.
- New Mexico Taxation and Revenue Department Corporate Due Date: Forms & Publications.
- New Mexico Taxation and Revenue Department Tax Forms: Online Services
The material discussed on this page is meant for general illustration and/or informational purposes only and is not to be construed as investment, tax, or legal advice. You must exercise your own independent professional judgment, recognizing that advice should not be based on unreasonable factual or legal assumptions or unreasonably rely upon representations of the client or others. Further, any advice you provide in connection with tax return preparation must comply in full with the requirements of IRS Circular 230.
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