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FYI-202 HEALTH CARE SERVICES 8-11

FYI-202 HEALTH CARE SERVICES 8-11 2026

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The document FYI-202 from the New Mexico Taxation and Revenue Department provides detailed information on the application of gross receipts tax to health care services in New Mexico. It outlines the repeal of certain tax credits and deductions related to health care services effective January 1, 2005, and specifies which health care practitioners can deduct receipts from managed health care providers or insurers under Section 7-9-93 NMSA 1978. The publication includes definitions, eligibility criteria for deductions, examples of deductible and non-deductible receipts, and instructions for reporting these deductions on tax forms.

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Click ‘Get Form’ to open it in the editor.
Begin by reviewing the 'Health Care Services Deduction' section. Ensure you understand which health care practitioners are eligible for deductions as outlined on page 2.
Fill in your personal information at the top of the form, including your name and contact details.
Navigate to the 'Deductible Health Care Service Receipts' section. Carefully list all receipts that qualify under Section 7-9-93 NMSA 1978, ensuring they meet all four conditions specified.
For each business location, enter your taxable receipts and deductions separately. Use the special code 'M' for receipts eligible for deduction under Section 7-9-93.
Review your entries for accuracy before saving or exporting the completed form. Make sure all necessary fields are filled out correctly.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What activities are tax-exempt?

Charitable organizations. Churches and religious organizations. Private foundations. Political organizations. Other nonprofits.

Do I have to charge sales tax for cleaning services?

0:49 5:37 In America cut there are four states in which there is an exception. And yes you must in fact chargeMoreIn America cut there are four states in which there is an exception. And yes you must in fact charge sales.

What is tax-exempt status in New Mexico?

New Mexico considers you a tax-exempt organization if the federal government has first granted the status to you under Section 501(c) of the Internal Revenue Code with a classification as an educational or social entity. Your gross receipts may be exempt from gross receipts tax under Section 7-9-29 NMSA 1978.

How do I get help with my gross receipts tax in New Mexico?

If you have questions about your in-progress Gross Receipts Tax (GRT) return, the instructions, a return you already sub- mitted, or your refund, email: GRT.TRDHelp@tax.nm.gov. If you have questions about New Mexico tax law and need additional clarification on statutes and regulations, email: Policy.Office@tax.nm.gov.

Are consulting services taxable in New Mexico?

Taxable Items in New Mexico include: Most services, including professional services like legal, accounting, and consulting, are taxable.

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Who has to pay gross receipts tax?

Gross receipts taxes are also taxes on sales, but unlike a general sales tax, the tax is levied on the seller rather than the consumer.

What services are exempt from sales tax in New Mexico?

These services are exempt from gross receipts tax: Receipts from feeding, pasturing, penning or handling livestock. Receipts from dues and registration fees of nonprofit social, fraternal, political, trade, labor or professional organizations and business leagues.

Who must pay New Mexico gross receipts tax?

If you are engaged in business in New Mexico, you must file a New Mexico tax return and pay gross receipts tax for the privilege of doing business in New Mexico.

FYI-202 HEALTH CARE SERVICES 8-11 2026

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