New Mexico taxpayers and businesses affected by September flooding have more time to file and pay their taxes, with the state extending several deadlines into January 2027 and waiving penalties and interest on eligible delayed payments.
The New Mexico Taxation and Revenue Department said the extensions are intended to help individuals and businesses recovering from the floods, which may have disrupted access to financial records, accounting systems and other resources needed to meet tax obligations.
The relief marks the first use of authority granted under House Bill 291, passed during the 2026 legislative session. The law allows the department to waive interest when tax extensions are granted for good cause, including natural disasters.
Previously, state law allowed penalties to be suspended during an extension but still required taxpayers to pay interest.
“New Mexicans rebuilding after devastating floods in recent weeks may not have access to the records and systems needed to pay and file their taxes right now,” Taxation and Revenue Secretary Stephanie Schardin Clarke said. “This extension allows those taxpayers a grace period so they can focus on recovering.”
Which tax deadlines have been extended?
The department announced revised deadlines for several state tax obligations:
- Personal income tax: The October 15 deadline has been extended to January 15, 2027.
- Estimated income tax payments: Payments originally due October 15 are now due January 15, 2027.
- Business and excise taxes: Deadlines originally scheduled for October 26, November 25 and December 28 have been extended to January 25, 2027.
The business and excise tax relief covers gross receipts tax, compensating tax, withholding taxes, oil and gas taxes, combined fuel tax and other excise taxes.
How can taxpayers request relief?
Taxpayers seeking disaster-related relief must submit Form TRD-41432, Disaster Relief Extension Notification, to the department by email or mail.
The form can be filed before submitting a return or after receiving a notice assessing late-payment penalties and interest.
Those who need additional time beyond the disaster-relief extension can also submit Form RPD-41096, Extension of Time to File.
Both forms are available on the department’s Forms and Publications page under “Extensions.”
Completed forms may be submitted through either channel:
- Email: [email protected]
- Mail: New Mexico Taxation and Revenue Department, P.O. Box 630, Santa Fe, NM 87504-0630
For more information, taxpayers can consult department bulletins 100.49 and 100.43, available under “Publications,” then “Bulletins,” on the same website.
