How New Mexico taxes your income
New Mexico has state income tax rates from 1.5% to 5.9% for 2026. The New Mexico income tax calculator above shows federal and state income tax separately, with your effective and marginal rates.
- Standard deduction: $16,100 (single) or $32,200 (married filing jointly).
- Pre-tax 401(k) contributions reduce your New Mexico taxable wages.
New Mexico tax brackets for 2026
| Taxable income over | Rate |
|---|---|
| $0 | 1.5% |
| $5,500 | 3.2% |
| $16,500 | 4.3% |
| $33,500 | 4.7% |
| $66,500 | 4.9% |
| $210,000 | 5.9% |
| Taxable income over | Rate |
|---|---|
| $0 | 1.5% |
| $8,000 | 3.2% |
| $25,000 | 4.3% |
| $50,000 | 4.7% |
| $100,000 | 4.9% |
| $315,000 | 5.9% |
What this calculator includes
It uses 2026 federal income tax brackets for single filers and married couples filing jointly, Social Security and Medicare tax, and the New Mexico rules above. It does not include dependents, tax credits other than those listed, itemized deductions, self-employment tax, or head of household filing.
Rates, brackets and deductions as published for tax year 2026 (state data sourced February 2026).
Frequently asked questions
What are the state income tax rates in New Mexico?
New Mexico uses graduated rates from 1.5% to 5.9% for 2026. Each rate applies only to the slice of taxable income inside its bracket. The full bracket table is on this page.
What deductions does New Mexico allow in this calculator?
New Mexico has a standard deduction of $16,100 (single) or $32,200 (married filing jointly). These are the only New Mexico deductions and credits the calculator uses. Itemized deductions and dependents are not included.
Do 401(k) contributions lower my New Mexico income tax?
Yes. Pre-tax 401(k) contributions are taken out of your New Mexico taxable wages as well as your federal taxable wages. They do not reduce Social Security or Medicare tax.
Which federal taxes apply to my pay in New Mexico?
Federal income tax uses 2026 brackets from 10% to 37% after the $16,100 standard deduction for single filers. Social Security is 6.2% on wages up to $184,500 and Medicare is 1.45% on all wages, with 0.9% extra above $200,000 ($250,000 for joint filers).
Does this calculator include local taxes?
No. City, county and school-district income or payroll taxes are not included. If your area charges one, your real take-home pay will be a little lower.
Are Social Security and Medicare included?
No. This page shows income tax only. Use the New Mexico salary calculator to see take-home pay after Social Security and Medicare as well.
How current is the New Mexico data?
Rates, brackets and deductions as published for tax year 2026 (state data sourced February 2026). Tax laws change, so confirm important numbers with the official sources listed below.
Official and data sources
- New Mexico – state tax agency
- IRS – Federal income tax rates and brackets
- Social Security Administration – Contribution and benefit base
- Tax Foundation – State Individual Income Tax Rates and Brackets, 2026
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Also for New Mexico: New Mexico Salary Calculator · New Mexico Paycheck Calculator
Disclaimer: results are estimates for information only. They are not tax, legal or financial advice.