New Mexico Tax Medical Deductions

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Who may claim the deduction for unreimbursed or …

https://www.tax.newmexico.gov/individuals/2020/10/22/who-may-claim-the-deduction-for-unreimbursed-or-uncompensated-medical-care-expenses/

Any taxpayer who files a New Mexico PIT-1 income tax return, including out-of-state residents with income tax responsibility to New Mexico, may claim the deduction. You may claim qualified expenses for medical care for yourself, your spouse or your …

New Mexico Statutes 7-2-37. Deduction; unreimbursed or

https://www.lawserver.com/law/state/new-mexico/nm-statutes/new_mexico_statutes_7-2-37

A. Prior to January 1, 2025, a taxpayer may claim a deduction from net income in an amount determined pursuant to Subsection B of this section for medical care expenses …

Deducting Medical Expenses On State Taxes | H&R Block

https://www.hrblock.com/tax-center/filing/adjustments-and-deductions/deducting-medical-expenses-on-state-taxes/

You should be allowed to deduct medical expense on state taxes filed with your tax return. However, medical expenses allowed for deductions vary from state to state. …

Medical Services Gross Receipts Tax Deductions, …

http://realfile.tax.newmexico.gov/rstp_presentation_11_7_08_medical_services_grt_deductions_11_5_08.pdf

• Section 7-9-13 exempts receipts of a federal or New Mexico government owned hospital • Section 7-9-73.1 allows a deduction of fifty percent of the receipts of hospitals …

New Mexico Income Tax Bracket and Rates and Standard …

https://www.efile.com/new-mexico-tax-brackets-rates-and-forms/

New Mexico uses the Federal Deduction amounts. Tax Year Status Amount 2022 Single $12,950 2022 Married $25,900 2021 Single $12,550 2021 Married $25,100 Other …

What type of income can I subtract/deduct on my New …

https://support.taxslayer.com/hc/en-us/articles/360015905811-What-type-of-income-can-I-subtract-deduct-on-my-New-Mexico-return-

Deduct contributions you made during the tax year to the New Mexico Education Trust Fund (to an account in one of the New Mexico-approved Section 529 college savings plans) …

GROSS RECEIPTS TAXATION OF SELECTED …

https://www.nmms.org/wp-content/uploads/2018/08/grt_updated_guide_2007.pdf

In 2004 the New Mexico State Legislature enacted §7-9-93, which provides a deduction from gross receipts for contract health care services. The deduction took effect on January 1, …

EXEMPTIONS, DEDUCTIONS AND CREDITS …

https://www.nmlegis.gov/handouts/RSTP%20071612%20Item%200%20Deductions%20Booklet.pdf

For the privilege of engaging in certain activities by governments, there is imposed onevery agency, institution, instrumentality or political subdivision of the state, except any …

What Medical Expenses are Tax Deductible? 2022, 2023 …

https://americantaxservice.org/how-to-determine-medical-expenses-tax-deductible/

Beginning Jan. 1, 2019, all taxpayers may deduct only the amount of the total unreimbursed allowable medical care expenses for the year that exceeds 10% of their adjusted gross …

Topic No. 502 Medical and Dental Expenses - IRS tax …

https://www.irs.gov/taxtopics/tc502

Employer-sponsored premiums paid under a premium conversion plan, cafeteria plan, or any other medical and dental expenses paid by the plan aren't …

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