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State says residents in disaster areas have prolonged tax deadlines

New Mexico residents in declared federal disaster areas have till the tip of August to file their 2021 private or company revenue tax returns and estimated tax funds, the New Mexico Taxation and Revenue Department introduced Thursday.

The affected counties embrace Colfax, Lincoln, Mora, San Miguel and Valencia — all of that are coated beneath extensions granted by the state and federal governments, in line with the information launch.

“State agencies are committed to easing the burden on New Mexicans impacted by recent wildfires,” Taxation and Revenue Secretary Stephanie Schardin Clarke mentioned in a press release. “These extended tax deadlines will allow evacuees time to return to their homes and businesses without facing the added pressure of filing taxes.”

Taxpayers which might be required to file beneath New Mexico enterprise tax applications — together with gross receipts, oil and gasoline taxes, compensating and withholding tax, mixed gasoline tax and different excise taxes with due dates between May 25, 2022 and Aug. 25, 2022 — are additionally eligible for an prolonged submitting due date of Aug. 25, in line with the information launch.

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