Taxpayers living in New Mexico can deduct contributions to New Mexico's 529 College Savings Program dollar for dollar from their state taxable income.
To enter the deductible portion of the contributions in TaxSlayer Pro, from the New Mexico Return menu select:
- Subtractions from Federal AGI
- Education Trust Board Account
Additional Information:
New Mexico State Tax Information
New Mexico 529 Plan Tax Benefits
While TaxSlayer Pro strives to make the information and links contained on this page as timely and accurate as possible, TaxSlayer Pro makes no promise or guarantee about the timeliness, accuracy or completeness of the contents of this page. The information contained on this page is for general information and is not intended to be tax advice. The user is also encouraged to review the underlying state resources and publications.