Taxpayers affected by the fires can file returns due on 25 June or 25 July 2025, by 25 September 2025. Estimated tax payments due on 16 June 2025 are extended to 16 September 2025.
The New Mexico Taxation and Revenue Department announced on 24 June 2025 that tax filing and payment deadlines have been extended for individuals and businesses impacted by the recent Trout and Cotton fires.
According to the Department, taxpayers affected by the recent fires with various business tax returns with normal due dates of 25 June 2025 and 25 July 2025 can now file those returns by 25 September 2025. Those with an estimated personal income tax or corporate income tax payment normally due on 16 June 2025 have an extended due date of 16 September 2025.
The extension will result in no penalty being imposed for a late filed return or for a late payment. State law does not allow the Department to waive interest.
Affected taxpayers taking advantage of the state extension should send a letter or email notifying the TRD that they qualify for the extension and providing support that they are affected taxpayers before they file or after they receive a notice with a late payment penalty and interest.
