NM single 2024 100Kintrec -100Kpsemp

See http://taxsim.nber.org/out2psl/753

PE shows an unspecified refundable credit while TA does not. I speculate that PE is disallowing the credit based on its dependence on "modified gross income" which does not allow for deduction of business losses. See  paragraph B in 

   https://www.law.cornell.edu/regulations/new-mexico/N-M-Admin-Code-SS-3.3.1.10