New Mexico Paycheck Calculator
New Mexico has a progressive income tax with five brackets ranging from 1.7% to 5.9%. The state conforms to federal standard deduction amounts and offers various credits and deductions for lower-income residents.
New Mexico Income Tax Overview
| State | New Mexico (NM) |
| Income Tax | Progressive brackets |
| Standard Deduction (Single) | $14,600 |
New Mexico Tax Brackets (Single Filer)
| Income Range | Tax Rate |
|---|---|
| $0 - $5,500 | 1.70% |
| $5,500 - $11,000 | 3.20% |
| $11,000 - $16,000 | 4.70% |
| $16,000 - $210,000 | 4.90% |
| $210,000 - + | 5.90% |