New Mexico allows you to exclude your retirement income of up to $8,000 based off of your filing status and your federal adjusted gross income if you meet one of the following:
- You are 65 or older
- You are not 65 but are considered blind for federal tax purposes
**This is an automatic deduction calculated by the program once all of your information has been entered.
See also Is my military pension/retirement income taxable to New Mexico?