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- Does New Mexico allow the Miscellaneous Itemized Deduction
Does New Mexico allow the Miscellaneous Itemized Deduction
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rbhavnani
Level 1
09-17-2020
02:15 PM
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1 Comment 1
itonewbie
Level 15
09-17-2020
03:28 PM
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The short answer is no.
NM is one of the states that have rolling conformity with the IRC. There is no special provision for Misc. I/D deduction - Line 12 of PIT-1 comes straight from Line 9 of F.1040. Starting TY2019, however, there is now an additional dependent deduction to help offset the impact of TCJA.
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