New Mexico Schedule PIT-ADJ

What Is New Mexico Schedule PIT-ADJ?

New Mexico Schedule PIT-ADJ is a schedule used for a taxpayer in case they have to claim some additions, exemptions, or deductions. You have to enter these totals on the PIT-1 Return and attach the Schedule PIT-ADJ to it. Note that a personal income includes all the income, business income in particular.

Why I need the New Mexico Schedule PIT-ADJ?

You need to fill out the New Mexico Schedule PIT-ADJ in case either of the following statements applies to you:

• You have to make some additions to your federal adjusted gross income;
• You have the right to take some exemptions and deductions from your federal adjusted gross income.
• You do not have to fill out the New Mexico Schedule PIT-ADJ and attach it to the PIT-1 Return in case any of the additions, exemptions, or deductions do not apply to you.

How to Fill Out New Mexico Schedule PIT-ADJ?

New Mexico Schedule PIT-ADJ consists of one page with two blocks. You need to download the free pdf form or fill it out online. Print it if needed. To complete this schedule, you have to fill in every blank of this fillable New Mexico Schedule PIT-ADJ with this data:

• Your name and social security number;
• New Mexico additions to the federal adjusted gross income;
• Total additions;
• New Mexico exemptions and deductions from the federal adjusted gross income;
• Total exemptions and deductions.

Organizations that work with New Mexico Schedule PIT-ADJ

• IRS.