New Mexico Income Tax Calculator
New Mexico income tax is calculated on your taxable income after deductions and exemptions. This calculator estimates your New Mexico state income tax liability for the current tax year. Enter your annual gross income, choose your filing status (single, married filing jointly, married filing separately, or head of household), and add any pre-tax deductions to see your estimated state tax, effective tax rate, and marginal bracket. Results update in real time as you adjust your inputs. The calculator covers New Mexico state income tax only; federal income tax, FICA payroll taxes, and any local income taxes your city or county imposes are separate. All rates and brackets are sourced directly from New Mexico Taxation and Revenue Department and are verified for the current tax year. Use this tool alongside the federal income tax calculator to see your combined total tax liability. Effective rate and marginal rate are both shown so you can evaluate the impact of additional income, filing status changes, or increased pre-tax contributions to a 401(k) or similar plan.
New Mexico uses graduated income tax brackets. A single filer earning $60,000 owes $1,944.97 in state income tax, an effective rate of 3.24% and a marginal rate of 4.9%. Enter your own income and filing status below.
Bracket breakdown
| Income range | Rate | Tax in bracket |
|---|
How New Mexico income tax works
New Mexico imposes a graduated individual income tax under New Mexico Statutes 7-2-7. Five brackets apply, ranging from 1.7% to 5.9%. Single and married filing jointly filers have different bracket thresholds; married filing separately thresholds are roughly half the married filing jointly amounts. New Mexico conforms to the federal standard deduction. The top rate of 5.9% applies to income over $210,000 for single filers and over $315,000 for married filing jointly and head of household filers. Your result updates the page link, so you can copy a permalink to any calculation.
taxable income = gross income - standard deduction
state income tax = sum of (income in each bracket x bracket rate / 100)
effective rate = state income tax / gross income x 100
marginal rate = rate of the highest bracket reached
New Mexico income tax brackets (2024)
The table below shows the New Mexico graduated income tax brackets for single filers, as published by the New Mexico Taxation and Revenue Department and verified Jun 12, 2026. Thresholds for other filing statuses may differ; use the calculator above to select your status.
| Income range | Rate | Source |
|---|---|---|
| $0.00 to $5,499.00 | 1.7% | New Mexico Taxation and Revenue Department |
| $5,501.00 to $10,999.00 | 3.2% | New Mexico Taxation and Revenue Department |
| $11,001.00 to $15,999.00 | 4.7% | New Mexico Taxation and Revenue Department |
| $16,001.00 to $209,999.00 | 4.9% | New Mexico Taxation and Revenue Department |
| Over $210,001.00 | 5.9% | New Mexico Taxation and Revenue Department |
New Mexico income tax: frequently asked questions
How much is the New Mexico income tax on a $60,000 salary?
A single filer earning $60,000 a year in New Mexico has a taxable income of $45,400.00 after the standard deduction. The computed state income tax is $1,944.97, an effective rate of 3.24%. Enter your own income above for an exact figure.
What is the New Mexico state income tax rate?
New Mexico has graduated income tax brackets. The marginal rate depends on your taxable income and filing status. For a single filer earning $60,000 the marginal rate is 4.9%.
What filing statuses does New Mexico income tax apply to?
New Mexico income tax applies to single filers, married couples filing jointly, head of household filers and married couples filing separately. Bracket thresholds and standard deductions may differ by filing status.
Is Social Security income taxed in New Mexico?
New Mexico exempts Social Security income from state income tax for taxpayers whose adjusted gross income is under $100,000 (regardless of filing status). Taxpayers with AGI at or above $100,000 may owe New Mexico income tax on their Social Security benefits. Confirm current thresholds with the New Mexico Taxation and Revenue Department.
What is New Mexico's top income tax rate?
New Mexico's top marginal income tax rate is 5.9%, which applies to taxable income over $210,000 for single filers, over $315,000 for married filing jointly and head of household, and over $157,500 for married filing separately.
Does New Mexico conform to federal tax rules?
New Mexico uses federal adjusted gross income as the starting point for calculating New Mexico taxable income and conforms to the federal standard deduction. Some modifications apply, such as the Social Security income exemption for lower-income filers.
Does New Mexico have a local income tax?
No. New Mexico does not impose local or municipal income taxes. Only the statewide graduated income tax applies.
Official sources
- New Mexico income tax rates (tax year 2024): New Mexico Taxation and Revenue Department, as at Jun 12, 2026.
Reviewed by the CalculatorHub team, edited by James Graham, 11 June 2026. See our methodology. General information, not financial or tax advice.