is new mexico tax friendly for retirees

Social Security retirement benefits are taxable in New Mexico but they are also partially deductible. The exemption is 2500 for taxpayers under the age of 65.

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There is also no state sales tax so retirees can shop freely without an.

. The only forms of income New Hampshire taxes are dividends and interest. For seniors 65 or older there is an 8000 deduction on retirement income if the household adjusted gross income AGI is less than 28500 for single filers or 51000 for. New Mexico is moderately tax-friendly for retirees.

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