NM Tax News & Alerts

Delinquent Property Tax Auctions in Doña Ana and Luna Counties

The New Mexico Taxation and Revenue Department will hold live delinquent property tax auctions in Doña Ana and Luna Counties in late March and April. These auctions are for properties with taxes delinquent for at least three years, aiming to collect unpaid taxes.

New Mexico Tax Savings in FY25

The New Mexico Taxation and Revenue Department announced that tax cuts enacted under the Lujan Grisham administration saved New Mexicans $939.6 million in fiscal year 2025. These savings resulted from various tax programs, including reductions in gross receipts tax, expanded rebates, and new exemptions and credits for Social Security income, child income, and working families.

New Mexico Begins Electronic Tax Return Acceptance Jan. 16

The New Mexico Taxation and Revenue Department will begin accepting electronic income tax returns for the 2025 tax season on January 16, 2026, via the Taxpayer Access Point (TAP) system. This includes personal, corporate, fiduciary, pass-through entity, and S-corp returns, aiming to expedite refunds for taxpayers.

New Mexico Tax Code Cleanup Bill (HB 291)

The New Mexico House of Representatives passed House Bill 291, a tax code cleanup bill that clarifies various tax policies, addresses loopholes in the film tax credit, and modifies provisions related to technology jobs and research and development tax credits. The bill also allows the waiver of interest on tax deadline extensions and permits delinquent taxpayers in compliance with installment agreements to renew licenses.

New Mexico Property Tax Auctions for Delinquent Taxes

The New Mexico Taxation and Revenue Department announced delinquent property tax auctions scheduled for March 2026 across seven counties. These auctions are for properties with taxes delinquent for at least four years. Successful bidders must pay in full at the auction.

New Mexico Income Tax Returns Due April 15

The New Mexico Taxation and Revenue Department issued a reminder that state and federal income tax returns are due on April 15, 2026. The notice highlights available tax credits for low-income filers and directs taxpayers to online resources for filing assistance and refund status checks.