New Mexico Income
Tax Rates & Rules
New Mexico has a progressive state income tax with rates up to 5.9%. Here's how the brackets break down.
New Mexico Income Tax Brackets
2025 tax year rates, most recently confirmed by the state Department of Revenue.
Single / Individual
| Taxable Income | Rate |
|---|---|
| $0 – $5,500 | 1.5% |
| $5,500 – $16,500 | 3.2% |
| $16,500 – $33,500 | 4.3% |
| $33,500 – $66,500 | 4.7% |
| $66,500 – $210,000 | 4.9% |
| Over $210,000 | 5.9% |
Married Filing Jointly
| Taxable Income | Rate |
|---|---|
| $0 – $8,000 | 1.5% |
| $8,000 – $25,000 | 3.2% |
| $25,000 – $50,000 | 4.3% |
| $50,000 – $100,000 | 4.7% |
| $100,000 – $315,000 | 4.9% |
| Over $315,000 | 5.9% |
First major bracket restructuring since 2005 (HB 252, 2024 session), adding a new 4.3% middle bracket. Standard deduction conforms to federal: $15,750 (Single) / $31,500 (MFJ).
Sources: New Mexico TRD — Personal Income Tax Information Overview. Last verified: August 14, 2026.
How New Mexico Income Tax Works
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Frequently Asked Questions
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