Tools · State Income Tax
New Mexico Income Tax Calculator (2026)
Estimate your New Mexico state income tax for 2026. Enter your taxable income and filing status to see what New Mexico taxes and your effective state rate, broken out line by line.
New Mexico state income tax calculator
- Taxable income entered
- $75,000
- New Mexico standard deduction
- −$16,100
- Personal exemption
- −$4,000
- Income taxed by New Mexico
- $54,900
- New Mexico income tax
- $2,171
New Mexico has six graduated brackets from 1.5% to 5.9% under the HB 252 restructure that took effect in 2025. It follows the federal standard deduction ($16,100 single / $32,200 married-jointly for 2026) and adds a $4,000 exemption per person. Most Social Security income is exempt.
State figures: New Mexico Taxation and Revenue Department.
Estimate for 2026 state income tax only, based on annual tax brackets — it excludes federal income tax, Social Security and Medicare, local taxes, and any credits. This is general information, not tax advice.
How New Mexico income tax is figured
New Mexico runs graduated brackets: higher slices of income are taxed at higher rates. New Mexico has six graduated brackets from 1.5% to 5.9% under the HB 252 restructure that took effect in 2025. It follows the federal standard deduction ($16,100 single / $32,200 married-jointly for 2026) and adds a $4,000 exemption per person. Most Social Security income is exempt.
This estimate covers state income tax only. It does not include federal income tax, Social Security and Medicare, or tax credits. It is an annual-bracket estimate, not your final return. This is general information, not tax advice.
Income tax calculators for other states
Same 2026 engine, each with its own state rules.