New Mexico Income Tax Brackets 2026
New Mexico uses a progressive income tax system with 6 brackets.
State Tax
5.9%
Top marginal rate
COL Index
92
Below national avg
Median Income
$67,816
Household
Brackets
6
Progressive
New Mexico Tax Brackets (single filer schedule)
Our dataset holds one bracket schedule per state, shown here for a single filer. We do not have separate married-filing-jointly state brackets, so joint filers should check the state revenue department.
| Income Range | Marginal Rate |
|---|---|
| $0 — $5,500 | 1.50% |
| $5,500 — $16,500 | 3.20% |
| $16,500 — $33,500 | 4.30% |
| $33,500 — $66,500 | 4.70% |
| $66,500 — $210,000 | 4.90% |
| $210,000 — and above | 5.90% |
New Mexico State Tax at Different Income Levels
| Gross Income | State Tax | Effective Rate |
|---|---|---|
| $50,000 | $1,941 | 3.88% |
| $75,000 | $3,133 | 4.18% |
| $100,000 | $4,358 | 4.36% |
| $150,000 | $6,808 | 4.54% |
| $200,000 | $9,258 | 4.63% |
| $300,000 | $15,058 | 5.02% |
Take-Home Pay in New Mexico at Common Salaries
Single filer, 2026 standard deduction, wages only. Computed with the same federal, state, and FICA functions as our tax calculator.
| Gross | Federal | New Mexico | FICA | Take-home / yr | Per month |
|---|---|---|---|---|---|
| $50,000 | $3,820 | $1,941 | $3,825 | $40,414 | $3,368 |
| $75,000 | $7,670 | $3,133 | $5,738 | $58,459 | $4,872 |
| $100,000 | $13,170 | $4,358 | $7,650 | $74,822 | $6,235 |
| $150,000 | $24,734 | $6,808 | $11,475 | $106,983 | $8,915 |
2026 Federal Brackets (apply in New Mexico too)
Federal brackets apply to taxable income after the standard deduction ($16,100 single, $32,200 married filing jointly).
Single
| $0 — $12,400 | 10% |
| $12,400 — $50,400 | 12% |
| $50,400 — $105,700 | 22% |
| $105,700 — $201,775 | 24% |
| $201,775 — $256,225 | 32% |
| $256,225 — $640,600 | 35% |
| $640,600 — and above | 37% |
Married filing jointly
| $0 — $24,800 | 10% |
| $24,800 — $100,800 | 12% |
| $100,800 — $211,400 | 22% |
| $211,400 — $403,550 | 24% |
| $403,550 — $512,450 | 32% |
| $512,450 — $768,700 | 35% |
| $768,700 — and above | 37% |
Calculate Your Exact New Mexico Taxes
See your full federal + state + FICA breakdown with our interactive calculator.
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Frequently Asked Questions about New Mexico Taxes
Does New Mexico have state income tax?
New Mexico has a progressive income tax system with rates ranging from 1.5% to 5.9% for 2026.
How much is federal tax in New Mexico?
Federal income tax in New Mexico is the same as in all other US states. For 2026, the federal brackets range from 10% to 37%, depending on your taxable income and filing status.
What is the cost of living in New Mexico?
The cost of living in New Mexico has an index of 92, where 100 is the national average. This means New Mexico is 8% cheaper than the average US state.