New Mexico income tax brackets
New Mexico has 6 brackets for single filers, from 1.5% on the first $5,500 of taxable income to 5.9% on income over $210,000; joint filers reach the top rate at $315,000. The New Mexico standard deduction is $16,100 for single filers, $32,200 for married couples filing jointly and $24,150 for heads of household — the same amounts as the federal deduction.
This is New Mexico's 2025 schedule, the latest the calculator has. It was checked on 2026-09-30 against NM Taxation and Revenue Department HB 93 (2026) analysis: current brackets and current 2026 federal standard deduction used for NM.
| Rate | Single | Married filing jointly | Tax at the top of the single band |
|---|---|---|---|
| 1.5% | up to $5,500 | up to $8,000 | $83 |
| 3.2% | $5,500 – $16,500 | $8,000 – $25,000 | $435 |
| 4.3% | $16,500 – $33,500 | $25,000 – $50,000 | $1,166 |
| 4.7% | $33,500 – $66,500 | $50,000 – $100,000 | $2,717 |
| 4.9% | $66,500 – $210,000 | $100,000 – $315,000 | $9,748 |
| 5.9% | over $210,000 | over $315,000 | — |
New Mexico and federal income tax by income
At the calculator's default $85,000, New Mexico takes $2,834 of a $12,704 total income tax bill, or 22%. Filing status matters too: a married couple filing jointly on $170,000 owes New Mexico $5,941, which is $273 more than two single filers earning $85,000 each.
| Gross income | New Mexico tax | New Mexico rate | Federal tax | Combined effective rate |
|---|---|---|---|---|
| $30,000 | $351 | 1.17% | $1,420 | 5.90% |
| $50,000 | $1,184 | 2.37% | $3,820 | 10.01% |
| $65,000 | $1,889 | 2.91% | $5,620 | 11.55% |
| $85,000 (default) | $2,834 | 3.33% | $9,870 | 14.95% |
| $100,000 | $3,569 | 3.57% | $13,170 | 16.74% |
| $125,000 | $4,794 | 3.84% | $18,734 | 18.82% |
| $200,000 | $8,469 | 4.23% | $36,734 | 22.60% |
| $300,000 | $14,108 | 4.70% | $68,134 | 27.41% |
| $400,000 | $20,008 | 5.00% | $103,134 | 30.79% |
Marginal tax rate in New Mexico
The next dollar a single filer earns above $85,000 is taxed at 26.9%: 22% federal and 4.9% by New Mexico. New Mexico's share climbs to 5.9% once taxable income passes $210,000 ($315,000 for joint filers).