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
To figure your maximum exclusion amount allowed based off of your filing status and federal adjusted gross income, click here.
**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?