If you're eligible for this tax benefit and you've entered your information correctly in TurboTax, you may be looking in the wrong place on your return. You wouldn't be seeing this as a deduction, but as a refundable credit on your state return.
A refundable tax credit is treated as a payment of tax you made during the year. When your total of refundable credits is larger than the tax you owe, the government sends you a tax refund for the difference.
According to the Instructions for New Mexico Form 2023 PIT-RC:
If you or your spouse are 65 years of age or older, and you paid unreimbursed and uncompensated medical care expenses of $28,000 or more during tax year 2023, you may claim a tax credit of $2,800. The medical care expenses can be for the care of any combination of you, your spouse, or dependents.
The credit is claimed on line 23 of Form PIT-RC, then carried over to Form PIT-1, line 24.
@rrsheriff1
