New Mexico State Tax Calculator 2026
Estimate your New Mexico state income tax and take-home pay for tax year 2026.
Last updated: November 2025 · Note: 2026 brackets pending publication; figures reflect 2025 · Source
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New Mexico 2026 tax overview
5 brackets; conforms to federal std deduction. Top 5.9% above $210k single.
Breakdown
Frequently Asked Questions
What are the 2026 New Mexico income tax rates?
New Mexico uses a 5-bracket progressive schedule with rates from 1.70% to 5.90%. 5 brackets; conforms to federal std deduction. Top 5.9% above $210k single.
What is the 2026 New Mexico standard deduction?
New Mexico conforms to the federal standard deduction ($16,100 single, $32,200 MFJ for 2026 per Rev. Proc. 2025-32).
Does New Mexico tax Social Security benefits?
Tax treatment of Social Security varies by state. New Mexico's rules can change year-to-year, check the New Mexico Department of Revenue for the most current guidance.
What is the difference between federal and New Mexico state income tax?
Federal tax is collected by the IRS at uniform rates nationwide (10%-37%). New Mexico state tax is separate, with its own brackets and rules. Total income tax burden = federal + state combined.