Yes, the New Mexico solar panel tax credit (a/k/a New Solar Market Development Tax Credit) is included in TurboTax Deluxe.
You’ll find this credit in Business Credits within the New Mexico portion of TurboTax.
- Click New Solar Market Development,
- Continue,
- Enter up to three credit certificates and the amount of credit applied to tax.
The New Solar Market Development Income Tax Credit was passed by the 2020 New Mexico Legislature. It provides a 10% tax credit with a value up to $6,000 for a solar system.
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