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2015 New MexicoPersonal Income Tax (PIT) Form Packet P.O. Box 25122, Santa Fe, New Mexico 875045122NOTE: ELECTRONIC FILERS For the 2015 tax year: BOTH FILE AND PAY your New Mexico Personal Income

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How to fill out personal income tax forms

01

Gather all necessary documents such as W-2 forms from your employer, 1099 forms from self-employment income, and any other relevant income documents.

02

Determine your filing status, which can be single, married filing jointly, married filing separately, head of household, or qualifying widow(er) with dependent child.

03

Use the appropriate tax form for your filing status. For example, Form 1040 for most individuals or Form 1040EZ if you have a simple tax situation.

04

Fill in your personal information including your name, address, social security number, and any other required details.

05

Report your income and deductions accurately. This may include wages, tips, interest, dividends, business income, self-employment tax, student loan interest, and more.

06

Calculate your total income, deductions, and taxable income using the provided instructions on the tax form.

07

Fill in the appropriate boxes and lines for credits and payments such as the Earned Income Credit, Child Tax Credit, or estimated tax payments made throughout the year.

08

Double-check your calculations and ensure all necessary forms and schedules are included with your tax return.

09

Sign and date the form before sending it to the designated tax office.

10

Keep a copy of your completed tax form and all related documents for your records.

Who needs personal income tax forms?

01

Anyone who had taxable income during the year needs to fill out personal income tax forms. This includes individuals who earned wages, salaries, tips, self-employment income, rental income, or other taxable forms of income.

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What is personal income tax forms?

Personal income tax forms are official documents used to report an individual's income, expenses, and other tax-related information to the government for the purpose of calculating tax liability.

Who is required to file personal income tax forms?

Individuals who earn above a certain income threshold, self-employed individuals, and those who receive specific types of income are generally required to file personal income tax forms.

How to fill out personal income tax forms?

To fill out personal income tax forms, gather necessary financial documents, report income sources, claim allowable deductions and credits, and follow the specific instructions provided for the form being used.

What is the purpose of personal income tax forms?

The purpose of personal income tax forms is to allow individuals to report their earnings and calculate the amount of taxes owed or refunds due to the government based on their financial situation.

What information must be reported on personal income tax forms?

Typically, you must report your total income, specific deductions, tax credits, dependents, and any other relevant financial details that impact your tax situation.

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