New Mexico Income Tax Calculator
Estimate your 2026 New Mexico state income tax in seconds. Enter your annual income and filing status — this free New Mexico income tax calculator applies the verified 2026 New Mexico brackets, standard deduction, exemptions and credits. Runs entirely in your browser.
In 2026, New Mexico has a graduated income tax ranging from 1.5% to 5.9%. New Mexico offers a $16,100 standard deduction for single filers ($32,200 joint). New Mexico conforms to the federal standard deduction.
New Mexico 2026 Income Tax Brackets
| Taxable income (Single) | Rate |
|---|---|
| $0 – $5,500 | 1.5% |
| Over $5,500 – $16,500 | 3.2% |
| Over $16,500 – $33,500 | 4.3% |
| Over $33,500 – $66,500 | 4.7% |
| Over $66,500 – $210,000 | 4.9% |
| Over $210,000 | 5.9% |
Married filing jointly
| Taxable income (Joint) | Rate |
|---|---|
| $0 – $8,000 | 1.5% |
| Over $8,000 – $25,000 | 3.2% |
| Over $25,000 – $50,000 | 4.3% |
| Over $50,000 – $100,000 | 4.7% |
| Over $100,000 – $315,000 | 4.9% |
| Over $315,000 | 5.9% |
Marginal rates: only income inside each band is taxed at that band's rate.
Frequently Asked Questions
What is the New Mexico income tax rate for 2026?
New Mexico has a graduated income tax ranging from 1.5% to 5.9%.
What deductions and exemptions does New Mexico offer?
New Mexico offers a $16,100 standard deduction for single filers ($32,200 joint).
How accurate is this New Mexico income tax estimate?
It is an annualized estimate: your income minus the 2026 standard deduction (and any state exemptions/credits shown), run through 2026 marginal brackets. It does not include pre-tax deductions like 401(k) contributions, itemized deductions, phaseouts, or local income taxes. Your actual liability can differ.
Sources
Tax figures verified September 2026 for tax year 2026.
Estimate only — not tax advice. This calculator annualizes your income, subtracts the 2026 standard deduction (and state personal exemptions/credits where shown), and applies 2026 marginal brackets. It does not model pre-tax deductions (401(k), health insurance), itemized deductions, credits you may qualify for, phaseouts, or local/city/county income taxes. Consult a tax professional for your situation.