2023 Angel Tax Credit New Mexico for Investors

New Mexico investors and the technology companies they invest in, have a wonderful benefit in the Angel Investment Credit through the State of New Mexico’s Taxation and Revenue Department. The program allows for accredited New Mexico investors to claim a tax credit (not refund) of 25% of their investment.

• Credit amount: 25% of investment amount

• Credit amount limit: $62,500 per investment (one investment per investment round)

• Each investor is eligible to claim the credit on five (5) investments per taxable year.

• You have until December 31, of the year following your investment to file for the credit (example: investment on June 1, 2022 has until December 31, 2023 to file)

• Credits can be carried forward 5 years.

• Credit is non-refundable and non-transferrable.

• File your credits early! The program capital is limited - first come, first served!

• VERY IMPORTANT: When submitting your application, you must show proof of accreditation, have your investment documentation, as well as a copy of your check.

In the case that the link gets updated, go to:

• https://www.tax.newmexico.gov

• Click “Individuals”

• Go to: File Your Taxes > Credits & Rebates

• Click the “Credits” file folder

• Go to “Angel Investment” folder

• To file an application select TRD-41404

• Once your application has been approved, choose RPD-41320 for the claim form.