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Everyday money · NM

New Mexico Income Tax Calculator

Estimate your 2026 combined federal and New Mexico income tax — New Mexico adds progressive state income tax on top of federal.

InputsTY-2026
$
$
$
Federal + state tax16.7% effective
$16,739/yr
10% on $12,400$1,240
12% on $38,000$4,560
22% on $33,500$7,370
federal tax subtotal$13,170
NM state tax$3,569
taxable income
$83,900
marginal rate
22.0%
after tax
$83,261

A single filer earning New Mexico's median household income of $64,140 owes about $1,849 in New Mexico state income tax — an effective state rate of 2.88%. That is state tax only, on top of federal income tax and FICA.

Based on 2026 New Mexico rules and 2026 federal rules, with the standard deduction and no other adjustments. Median income is the 2024 Census figure.

Income tax in New Mexico

For tax year 2025 New Mexico debuted a restructured six-bracket schedule running from 1.5% to 5.9% — the first major restructuring since 2005 — with different bracket widths for single and joint filers. The state uses the federal standard deduction.

New Mexico income tax structure (2026)

New Mexico uses 6 progressive brackets on income above a $16,100 standard deduction (single). Single-filer brackets:

$0 – $5,5001.50%
$5,501 – $16,5003.20%
$16,501 – $33,5004.30%
$33,501 – $66,5004.70%
$66,501 – $210,0004.90%
over $210,0015.90%

Married-filing-jointly thresholds differ (roughly double in most states). Each slice of income is taxed at its own rate — landing in a bracket does not tax your whole income at that rate.

Common questions

What are New Mexico's income tax brackets?
New Mexico uses six brackets for 2026: 1.5% on the first $5,500 of taxable income, rising to 5.9% above $210,000 for a single filer. Taxable income here is your pay after a $16,100 standard deduction ($32,200 joint). Joint filers get their own, wider thresholds.
What is the top income tax rate in New Mexico?
5.9%, and it begins at $210,000 of taxable income for a single filer — about $226,100 of gross pay, once the $16,100 New Mexico subtracts first is added back. Only income above that point is taxed at that rate; everything below it is taxed in the lower bands.
What is the tax bill on $64,140 in New Mexico?
A single filer on New Mexico's $64,140 median household income (2024 Census figure) owes roughly $1,849 to New Mexico — an effective state rate of 2.9% against a 4.7% marginal bracket — plus about $5,517 of federal income tax.
Does New Mexico have a standard deduction?
Yes — $16,100 for a single filer and $32,200 on a joint return, subtracted before New Mexico's 1.5%-to-5.9% schedule is applied. A single filer earning less than $16,100 therefore owes no New Mexico income tax at all, and at the state's $64,140 median income it saves about $757 of tax.

How we calculate this

Federal brackets per our income-tax methodology, plus New Mexico's 2026 state tax. Estimates only — not tax advice.

New Mexico HB 252 (2024), Sec. 5 amending NMSA 7-2-7 — individual income tax rates for taxable years beginning on or after Jan 1, 2025 →Tax Foundation: 2026 state individual income tax rates and brackets →

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Estimates for general informational purposes only; not tax advice. New Mexico figures are simplified (credits, local taxes, and AGI adjustments vary) and should be verified with the state Department of Revenue. New Mexico's six-rate 1.5%–5.9% schedule is applied with the $16,100 standard deduction for a single filer — not itemized deductions or any New Mexico tax credit. It also excludes any local, county, or school-district tax your municipality may add.