New Mexico Tax Department Publishes 2025 Inflation Adjustments for Income Tax Credits

The New Mexico Taxation and Revenue Department has published a guidance document regarding inflation adjustments for certain personal income tax credits for 2025. The document provides information on adjusting the low-income comprehensive tax rebate and the child income tax credit for inflation for the 2025 tax year. [N.M. Tax’n & Revenue Dep’t, FYI-109, 01/01/26]

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