I do not know if this is the case specifically for New Mexico, but for other states with similar tax tables and tax rates, the tax calculated by TurboTax has been one dollar off. I asked why, and the response was that instead of entering and using the massive tax table in the state's instructions booklets, TurboTax just uses an algorithm to calculate the tx due, with the result that the tax due is often one dollar off. In the state I was asking about (on the East Coast), the state did not mind. I wonder if the same is true with New Mexico.
If the state writes you a letter and asks for interest on the error, then please file a claim under the 100% TurboTax Accurate Guarantee.
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