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
New Mexico income tax brackets, 2026
Rates apply to each slice of taxable income in turn, not to the whole amount. Reaching the 5.90% bracket does not mean paying 5.90% on everything. Figures are for single filers unless the state uses one schedule for all statuses.
| Taxable income | Rate | Tax on this bracket |
|---|---|---|
| $0 to $5,500 | 1.70% | $94 max |
| $5,500 to $11,000 | 3.20% | $176 max |
| $11,000 to $16,000 | 4.70% | $235 max |
| $16,000 to $210,000 | 4.90% | $9,506 max |
| Over $210,000 | 5.90% | 5.90% of everything above $210,000 |
New Mexico conforms to the federal standard deduction: $16,100 single, $32,200 married filing jointly for 2026.
New Mexico had not published its final inflation-indexed 2026 thresholds when this page was last reviewed, so the bracket boundaries above are the 2025 figures. The rates are correct; the thresholds will shift slightly upward.
Frequently Asked Questions
What are the 2026 New Mexico income tax rates?
New Mexico uses a 5-bracket progressive schedule for 2026, running from 1.70% to 5.90%. The top rate starts at $210,000 of taxable income. 5 brackets; conforms to federal std deduction. Top 5.9% above $210k single.
At what income does the top New Mexico tax rate start?
The 5.90% top rate applies to taxable income above $210,000. Below that, 4 lower brackets apply in sequence, so your average rate is always lower than your top rate.
What is the 2026 New Mexico standard deduction?
New Mexico conforms to the federal standard deduction, which is $16,100 single and $32,200 married filing jointly for 2026 under IRS Rev. Proc. 2025-32.
Does New Mexico tax Social Security and retirement income?
New Mexico exempts Social Security below $100,000 of AGI single and $150,000 joint, but is still counted among the states that tax it because the exemption is income-tested.
What surprises people most about New Mexico income tax?
New Mexico's brackets differ substantially between filing statuses, more so than most states.