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Albuquerque New Mexico online Form Instruction 1042-S: What You Should Know
Tax Assistance Unit The Tax Assistance Unit of the ABQ Public Library provides assistance and public library services for taxpayers with tax issues, including filing returns, writing state tax returns, and answering phone calls and visits. Hours can change and is determined by the library. Telephone: Office Hours: Please call or visit during office hours. Taxes and Income Tax For more information, visit the Information and Resources page. Tax-Free Savings Accounts (FSA) New Mexico Residents The New Mexico Tax Code requires that taxpayers have one source of savings, to which they contribute 10.1% of their adjusted gross income (4,095 for a married filing joint) at tax time. A nonrefundable tax credit reduces the amount of taxes due by the individual on account of any TFS As, tax-advantaged savings accounts, or tax-deferred retirement accounts.
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