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Kanderson2
Level 1

Moved from Seattle to New Mexico

I recently retired on April 1st 2021, in Seattle, moved to New Mexico and I am wondering about state taxes, which I know nothing about...

Will I have to file in both states this year  ?

2 Replies
AndreaD_CPA
Employee Tax Expert

Moved from Seattle to New Mexico

Congratulations on your retirement!  

If you moved to a new state during 2021, you'll normally file a part-year return for each state you lived in during 2021, assuming the state(s) collect income tax.  Washington state does not collect income tax.  You will need to file a part-year resident tax return in New Mexico if you meet any of the following conditions:

  • You file a federal return;
  • You want to claim a refund of any New Mexico state income tax withheld from your pay, or
  • You want to claim any New Mexico rebates or credits.

Any retirement account distributions received during your New Mexico residency will be considered New Mexico sourced income.

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Kanderson2
Level 1

Moved from Seattle to New Mexico

Thank you for your reply...

Would you happen to know what the income tax rate is for New Mexico ?

 

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