New Mexico Medical Care Expense Deduction

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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 …

New Mexico Statutes Section 7-2-37 (2019) - Justia Law

https://law.justia.com/codes/new-mexico/2019/chapter-7/article-2/section-7-2-37/

The deduction provided in Subsection A of this section may be claimed in an amount equal to the following percentage of medical care expenses paid during the taxable year …

2016 New Mexico Statutes - Justia Law

https://law.justia.com/codes/new-mexico/2016/chapter-7/article-2/section-7-2-37/

The deduction provided in Subsection A of this section may be claimed in an amount equal to the following percentage of medical care expenses paid during the taxable year …

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-

This exemption from state income tax applies to residents and non-residents of New Mexico. Medical Care Expenses for Persons Age 65 Years or Older. If you, and/or your spouse, …

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. …

2015 PIT-1, page 1 Explain this… - State of New …

https://tap.state.nm.us/WebFiles/2015PIT/pit-01.pdf

To determine the deduction amount to enter, click onthe Enter Medical Expenses button and enter your unreimbursed and uncompensated medical expenses in the Medical …

Publication 502 (2022), Medical and Dental Expenses

https://www.irs.gov/publications/p502

A person generally qualifies as your dependent for purposes of the medical expense deduction if both of the following requirements are met. The person was a qualifying child (defined later) or a qualifying relative …

Rules for Claiming the Medical Expense Tax Deduction

https://www.thebalancemoney.com/medical-expense-tax-deduction-3192881

The IRS defines qualifying medical expenses as those related to the "diagnosis, cure, mitigation, treatment, or prevention of a disease or condition affecting …

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

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

If you itemize your deductions for a taxable year on Schedule A (Form 1040), Itemized Deductions, you may be able to deduct expenses you paid that year for medical …

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