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State tax filing
Despite what I said earlier about using an algorithm rather than the tax tables, in this case, TurboTax agrees with the NM Tax Rate Tables. Please see the NM 2021 Tax Rate Table.
As you will see, the table shows 4,147 for a taxable income of $92,982, not the 4,148 that the equations show. I have to assume that either amount is acceptable to the state.
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March 16, 2022
11:50 AM