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The New Mexico Taxation and Revenue Department estimated that approximately 115,000 of the 137,000 New Mexicans who previously paid taxes on their Social Security income, about 84%, are now eligible …
The 2022 tax year marks the first time Social Security income is exempt from New Mexico income tax since 1990, when the legislature first began taxing it.
OPINION | Teachers, nurses, police officers would benefit from change
Given all the amenities of the Land of Enchantment, repealing the Social Security tax would likely move us to the lists of best states to retire.