New Mexico Form Pit Rc PDF Details

If you're looking for an off-road adventure with your RC vehicle, look no further than New Mexico's Form Pit trails! With over 17 miles of winding terrain and rugged landscapes to explore, the Form Pit offers a unique experience that is sure to give any radio control enthusiast plenty of thrills. Whether it's battling rocky bridges or traversing vast canyons, this trail has everything you need for both recreational driving and competitive racing alike. Here we'll take a closer look at what makes the New Mexico Form Pit RC such an amazing place to explore!

QuestionAnswer
Form NameNew Mexico Form Pit Rc
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other names13a, 17a, 18b, 17c

Form Preview Example

2013 PIT-RC

NEW MEXICO REBATE AND CREDIT SCHEDULE

This schedule may be used by individuals who qualify for one or more refundable rebates and credits offered by New Mexico. Include Schedule PIT-RC with your Personal Income Tax Return, Form PIT-1.

Print your name (irst, middle, last)

*130380200*

YOUR SOCIAL SECURITY NUMBER

SECTION I: QUALIFICATIONS FOR REBATES AND CREDITS REPORTED IN SECTIONS II THROUGH V. Complete Section I to claim the following rebates and credits in Sections II through V. To claim any refundable tax credits in Section VI, you do not need to complete Section I.

Persons with Modiied Gross Income of:

$16,000 or less who are age 65 or older may qualify for the Property Tax Rebate. $30,160 or less may qualify for the New Mexico Child Day Care Credit. $22,000 or less may qualify for the Low Income Comprehensive Tax Rebate.

$24,000 or less who live in Los Alamos or Santa Fe County ONLY may qualify for a Low Income Property Tax Rebate.

FOR COMPLETE ELIGIBILITY REQUIREMENTS, READ REBATE AND CREDIT SCHEDULE INSTRUCTIONS.

Qualiications for Credits and Rebates Reported in Sections II to V. You and your spouse, if applicable, must mark the box to indicate whether the statement is true. If the statement is not true, leave the box blank. If you are not married, leave the boxes in the spouse column blank.

A. I was a resident of New Mexico during any part of the tax year

TAXPAYER

SPOUSE

TRUE

..................... TRUE

B. In 2013, I was physically present in New Mexico for at least six months

TRUE

..................... TRUE

C. In 2013, I was NOT eligible to be claimed as a dependent of another taxpayer for income tax purposes

TRUE

..................... TRUE

D. In 2013, I was NOT an inmate of a public institution for a period of more than six months

TRUE

..................... TRUE

CALCULATE ALLOWABLE HOUSEHOLD MEMBERS AND EXTRA EXEMPTIONS

 

 

 

 

 

1.

Number of exemptions from Form PIT-1, line 5

1

 

 

 

2.

a. Enter number of household members who DO NOT qualify. If all exemptions qualify, leave blank

2a

-

 

 

 

 

 

See PIT-RC instructions.

 

 

 

 

 

b. Subtract 2a from 1. Number of allowable household members

2b

c. Extra Exemption: Enter 1 if you or your spouse (if married iling jointly) are blind for federal income

 

tax purposes. Enter 2 if you and your spouse (if married iling jointly) are blind

2c

d. Add lines 2b and 2c

2d

e. If you are 65 or older, enter 2

2e

 

f. If married iling jointly and your spouse is 65 or older, enter 2

2f

g. Add lines 2d, 2e, and 2f

2g

 

h. If you checked iling status (3) married iling separately on your Form PIT-1, enter the number of exemptions,

 

if any, your spouse claimed on line 2g of his or her PIT-RC

2h

3. Total. Add lines 2g and 2h. Enter here and on line 13a on page 2 of this form

3

=

+

=

+

+

=

+

=

CALCULATE MODIFIED GROSS INCOME. Modiied gross income, generally, is all income of the taxpayer and household members, both taxable and nontaxable, and undiminished by losses. See instructions for types of income you do not need to include in modiied gross income. NOTE: If married iling separately, be sure to include your spouse's income.

4.

Wages, salaries, tips, etc

 

5.

Social security beneits, pensions, annuities, and Railroad Retirement

+

6.

Unemployment and Workers' Compensation beneits

+

7.

Public assistance, TANF, welfare beneits, and Supplemental Security Income (SSI)

+

8.

Net proit from business, farm, or rentals. If a loss, enter zero. DO NOT enter a negative number

+

9.

Capital gains undiminished by capital losses

+

10. Gifts of cash or marketable tangible items received. (You must give the items a reasonable value.)

+

11. All other income such as interest, dividends, gambling winnings, insurance settlements, scholarships,

 

 

grants, VA beneits, trust income and inheritance, alimony, and child support

+

12.

Modiied Gross Income. Add lines 4 through 11. Enter the total on line 12 and on line 13 of page 2.

 

 

(Total must equal or exceed Federal Adjusted Gross Income from Form PIT-1, line 9

=

4

 

00

 

 

 

 

5

 

00

 

 

 

 

6

 

00

 

 

 

 

7

 

00

 

 

 

 

8

 

00

 

 

 

 

9

 

00

 

 

 

 

10

 

00

 

 

 

11

 

00

 

 

 

 

 

12

 

00

 

 

 

 

You must indicate the county. Los Alamos County
Santa Fe County

2013 PIT-RC (page 2)

*130390200*

 

NEW MEXICO REBATE AND CREDIT SCHEDULE

 

YOUR SOCIAL SECURITY NUMBER

 

 

 

 

 

 

 

 

 

SECTION II: LOW INCOME COMPREHENSIVE TAX REBATE (If line 13 is MORE than $22,000, DO NOT complete line 14.)

13.Enter Modiied Gross Income from line 12 ...............................................................................................................................

a. Enter Total Exemptions from line 3......................................................................................................................................

14.Low Income Comprehensive Tax Rebate. On Table 1 in the instructions, ind the Modiied Gross Income range that includes the amount on line 13, then move across to the column that matches the number of exemptions on

line 13a. Married couples iling separately must divide the result by two. .............................................................................

SECTION III: PROPERTY TAX REBATE FOR PERSONS 65 OR OLDER. (If line 13 is more than $16,000, DO NOT complete this section.)

15.PROPERTY OWNED. Tax billed for the calendar year on principal place of residence

16.PROPERTY RENTED

a. Amount of rent paid during the tax year for principal place of residence .......................................................................................................................................

b. If the amount entered on line 16a includes rent a government entity paid on your behalf, mark here

16b

c.Multiply line 16a by 0.06 and enter the amount here ....................................................................................................................

17.REBATE AMOUNT

a.Add lines 15 and 16c and then enter the total here............................................................................................................

b.Find the Modiied Gross Income range, on Table 2 in the instructions, that corresponds to the amount on line 13. Read across the table to the column showing your maximum property tax liability and enter the amount here.................

c.Property Tax Rebate. Subtract line 17b from 17a.

Do not enter more than $250 or if married iling separately, more than $125 ..............................................................................

SECTION IV: ADDITIONAL LOW INCOME PROPERTY TAX REBATE for Los Alamos or Santa Fe County

18.LA

residents only. (If line 13 is over $24,000, DO NOT complete this section.)

18.SF

18.REBATE AMOUNT

a.PROPERTY OWNED only. Tax billed for the calendar year on principal place of residence.............................................

b.Find the Modiied Gross Income range, on Table 3 in the instructions, that corresponds to the amount on line 13. Read across the table to the column showing your property tax rebate percentage and enter here..................................

c. Multiply line 18a by line 18b and enter here.

Do not enter more than $350 or if married iling separately, more than $175 .....................................................................

SECTION V: NEW MEXICO CHILD DAY CARE CREDIT. If Modiied Gross Income on line 13 is $30,160 or less, use the worksheet in the instructions to calculate your available Child Day Care Credit. Attach the worksheet and Forms PIT-CG.

19. Enter either the total of Column G on the worksheet or $1,200, WHICHEVER IS LESS ........................................................

13

 

 

00

 

 

 

 

 

 

 

13a

 

 

 

 

 

 

 

14

 

 

00

15

 

 

00

 

 

 

 

 

 

 

 

16a

 

 

00

 

 

 

 

 

 

 

 

 

16c

 

 

 

00

 

 

 

 

 

 

 

 

17a

 

 

 

00

 

 

 

 

 

 

 

 

17b

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

 

17c

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18a

 

 

 

00

 

 

 

 

 

 

 

18b

%

 

 

 

 

18c

 

 

00

19

 

00

20.

Number of qualiied dependents under age 15 receiving child day care

20

21.

Enter the portion of the Federal Child Care Credit applied against your federal tax from Form 1040 or 1040A

21

22.

New Mexico child day care credit. Subtract line 21 from line 19.

 

 

Married couples iling separately must divide the result by two

22

SECTION VI: REFUNDABLE TAX CREDITS.

 

23.

Refundable medical care credit for persons 65 or older. See PIT-RC instructions

23

00

00

00

24.Special needs adopted child tax credit.........................................................................................................................

25.Renewable energy production tax credit. Attach Form RPD-41227...........................................................................

26.Refundable portion of the ilm production tax credit. Attach Form RPD-41228. .......................................................

SECTION VII: TOTAL REBATES AND CREDITS CLAIMED.

27. Add lines 14, 17c, 18c, 22, 23, 24, 25, and 26. Enter here and on Form PIT-1, line 24. ...........................................

24

25

26

27

00

00

00

00