New Mexico income tax rates for 2026
New Mexico has rates from 1.5% to 5.9%; for single filers the top rate of 5.9% starts above $210,000 of New Mexico taxable income. Rates apply to New Mexico taxable income: federal adjusted gross income minus New Mexico’s own deductions and exemptions.
| Rate | Single | Married filing jointly | Head of household |
|---|---|---|---|
| 1.5% | $0 – $5,500 | $0 – $8,000 | $0 – $8,000 |
| 3.2% | $5,500 – $16,500 | $8,000 – $25,000 | $8,000 – $25,000 |
| 4.3% | $16,500 – $33,500 | $25,000 – $50,000 | $25,000 – $50,000 |
| 4.7% | $33,500 – $66,500 | $50,000 – $100,000 | $50,000 – $100,000 |
| 4.9% | $66,500 – $210,000 | $100,000 – $315,000 | $100,000 – $315,000 |
| 5.9% | Over $210,000 | Over $315,000 | Over $315,000 |
New Mexico standard deduction and exemptions
| Item | Single | Married filing jointly |
|---|---|---|
| Standard deduction | $16,100 | $32,200 |
Deductions and exemptions reduce the income New Mexico taxes; credits reduce the tax itself. The head-of-household standard deduction is $24,150.
How much New Mexico income tax will I pay?
Estimated 2026 tax for a single filer with wage income, the standard deduction and no dependents:
| Wages | New Mexico tax | State effective rate | Federal income tax | Total income tax | Combined rate |
|---|---|---|---|---|---|
| $40,000 | $753 | 1.88% | $2,620 | $3,373 | 8.4% |
| $60,000 | $1,654 | 2.76% | $5,020 | $6,674 | 11.1% |
| $80,000 | $2,594 | 3.24% | $8,770 | $11,364 | 14.2% |
| $100,000 | $3,569 | 3.57% | $13,170 | $16,739 | 16.7% |
| $150,000 | $6,019 | 4.01% | $24,734 | $30,753 | 20.5% |
| $250,000 | $11,158 | 4.46% | $51,304 | $62,462 | 25% |
At $100,000, for example, New Mexico takes about $3,569 and the combined income tax bill is $16,739. Your marginal rate on the next dollar at that income is 26.9% (22% federal + 4.9% New Mexico). These estimates apply New Mexico’s brackets, standard deduction, exemptions and credits from our data, plus the phase-outs and other special rules described below; local taxes and rules the notes below mark as not modeled are left out.
How New Mexico compares with neighboring states
On a $75,000 salary, a single filer pays $2,359 in New Mexico income tax, the 20th-lowest among the 50 states and DC. The median across all of them is $2,588.
| State | State tax on $75,000 | Effective rate | Rates | National rank |
|---|---|---|---|---|
| Texas | $0 | 0% | No wage tax | 1 of 51 |
| Arizona | $1,473 | 1.96% | Flat 2.5% | 11 of 51 |
| New Mexico | $2,359 | 3.15% | 1.5%–5.9% | 20 of 51 |
| Colorado | $2,592 | 3.46% | Flat 4.4% | 27 of 51 |
| Oklahoma | $2,830 | 3.77% | 0%–4.5% | 31 of 51 |
| Utah | $3,110 | 4.15% | Flat 4.45% | 37 of 51 |
Compare New Mexico with Arizona, Colorado, Oklahoma, Texas and Utah.
New Mexico tax rules to know
Key points from our 2026 New Mexico data, compiled from the official sources listed at the end of this page:
- Six brackets (1.5%-5.9%) enacted by HB 252 (2024) for tax years beginning on or after Jan 1, 2025 still apply in 2026 (NMSA 7-2-7). Brackets are fixed dollar amounts (not indexed). Heads of household and surviving spouses use the married-filing-jointly schedule; married filing separately has its own schedule.
- The 2026 session tax package (SB 151, signed March 11, 2026) did not change rates, brackets or the standard deduction; its income tax items (e.g., a $10,000 physician credit and decoupling from certain federal OBBBA business provisions) generally take effect for tax years beginning Jan 1, 2027.
- New Mexico starts from federal AGI and allows the federal standard deduction (2026: $16,100 single/MFS, $32,200 MFJ, $24,150 HOH) or federal itemized deductions (with an add-back of state and local income taxes).
- No personal exemption. Instead, MFJ and HOH filers (not dependents of others) may deduct $4,000 for each dependent after the first.
- Social Security benefits are exempt for filers with AGI up to $100,000 (single) or $150,000 (joint); other deductions include up to $2,500 (or 40% of up to $1 million of gain from selling a NM business) of net capital gains.
Local income tax: none. Cities and counties in New Mexico do not levy their own income tax in our 2026 data.
More 2026 tax tools
See the 2026 federal brackets and standard deduction, estimate each paycheck with the paycheck calculator, or compare income tax in every state.
Frequently asked questions
What is the New Mexico income tax rate for 2026?
New Mexico has rates from 1.5% to 5.9% for 2026. For single filers the top rate of 5.9% applies to New Mexico taxable income over $210,000. Because the rate applies to taxable income after deductions, the share of total income you pay is lower: about 3.15% for a single filer earning $75,000. At $100,000 of wages, a single filer would owe about $3,569 in New Mexico income tax.
How much is New Mexico income tax on $75,000?
A single filer with $75,000 in wages owes about $2,359 in New Mexico income tax for 2026, based on New Mexico taxable income of about $58,900. Federal income tax adds $7,670 and Social Security and Medicare $5,738, leaving about $59,233. A married couple earning $150,000 would owe about $4,961 in state tax.
What is the New Mexico standard deduction for 2026?
In our 2026 data, the New Mexico standard deduction is $16,100 for single filers and $32,200 for married couples filing jointly ($24,150 for heads of household). For a single filer earning $75,000, New Mexico taxable income works out to about $58,900 in our estimate. See the rules section on this page for income limits and other details.
Does New Mexico have local income taxes?
No. Our 2026 data shows no local (city or county) income taxes in New Mexico, so the state and federal income tax estimated here, plus Social Security and Medicare, cover the income taxes on your wages. A single filer earning $75,000 pays about $10,029 in combined federal and New Mexico income tax.
How does New Mexico income tax compare with nearby states?
On a $75,000 salary, a single filer pays about $2,359 in New Mexico income tax, the 20th-lowest among the 50 states and DC. Among neighbors, Texas would take $0 and Utah $3,110. The national median is $2,588. Income tax is only one part of the picture; sales and property taxes also differ by state.
Is this New Mexico tax estimate exact?
It is an estimate. We apply New Mexico’s 2026 brackets, standard deduction, exemptions and credits to your income, starting from federal adjusted gross income. We do not model every New Mexico subtraction, credit or phase-out, and federal figures leave out the AMT and the QBI deduction. Use it for planning and check your actual return or New Mexico’s tax agency for final numbers.