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Returning Member
posted Apr 13, 2021 3:27:24 PM

Update to NM State UCE credit

NM State Tax and Revenue released Bulletin 300.22 in March 2021 stating "Taxpayers who filed their income tax returns before the passage of the American Rescue Plan Act may wish to file an amended return to reflect their new AGI, exclusive of the unemployment compensation payments, and to claim any refund they may now be owed. "

 

When will Turbo Tax have an update to amend the 2020 New Mexico State Return?

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1 Replies
Expert Alumni
Apr 13, 2021 7:09:07 PM

TurboTax calculations are correct and up-to-date for New Mexico. You can go ahead and finish and file your state return.

 

Click here:  Your state unemployment exclusion