New Mexico Paycheck Calculator
New Mexico taxes income from 1.5% to 5.9% under brackets set in 2024, after the federal standard deduction ($16,100 single for 2026).
New Mexico has six income tax brackets, from 1.5% to 5.9%, set by a 2024 law for tax years from 2025. A single filer pays 1.5% on the first $5,500 of taxable income, 4.9% above $66,500 and 5.9% above $210,000. Married couples filing jointly, heads of household and surviving spouses share wider brackets, with 5.9% above $315,000. The standard deduction is the federal one: $16,100 single, $24,150 head of household and $32,200 for married couples filing jointly in 2026.
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Estimates only. Not tax or legal advice. Consult a tax professional for accuracy.
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New Mexico Paycheck FAQ
Common questions about paychecks and taxes in New Mexico
What is the New Mexico state income tax rate?
For single filers: 1.5% on the first $5,500 of taxable income, 3.2% to $16,500, 4.3% to $33,500, 4.7% to $66,500, 4.9% to $210,000 and 5.9% above. Married couples filing jointly, heads of household and surviving spouses move up at $8,000, $25,000, $50,000, $100,000 and $315,000; married filing separately at $4,000, $12,500, $25,000, $50,000 and $157,500. The brackets come from a 2024 law (House Bill 252), apply from tax year 2025 and aren't adjusted for inflation. The Taxation and Revenue Department hasn't published its 2026 return instructions yet.
What is New Mexico's standard deduction?
The federal standard deduction for the year: for 2026, $16,100 single or married filing separately, $24,150 head of household and $32,200 married filing jointly or surviving spouse. If you itemize on your federal return, you take your federal itemized deductions instead, less state and local income and sales taxes.
What is New Mexico's low- and middle-income exemption?
An extra exemption of up to $2,500 per exemption for lower incomes. For 2025 it applied only when federal adjusted gross income was $36,667 or less for single filers, $55,000 for married filing jointly, heads of household and surviving spouses, and $27,500 for married filing separately; the 2026 limits aren't published yet. The calculator leaves it out, so it overstates New Mexico tax for incomes under those limits.
How much New Mexico tax is withheld from a bonus?
New Mexico follows the federal method. If your employer withholds federal tax on the bonus at a flat percentage, it withholds a flat 5.9% for New Mexico; otherwise it uses the same aggregate or cumulative method it uses for federal tax.
What does this calculator leave out for New Mexico?
New Mexico starts from federal adjusted gross income, so pre-tax deductions lower your New Mexico taxable income; the calculator starts from gross wages. It uses the low- and middle-income exemption at $104,000 of income, which is $0, for every income, so under that exemption's income limits it shows a little too much tax, up to about $63 a year single and $79 joint at the 2025 limits. It also leaves out itemized deductions, the extra standard deduction at 65 or older or blind, the $4,000 deduction for certain dependents, and credits and rebates.