New Mexico Income Tax Calculator
2026 rulesEnter your pay to see your 2026 New Mexico income tax next to federal tax and FICA, and what's left per paycheck.
Your numbers
Result
New Mexico income tax
- Gross income$75,000
- Pre-tax deductions-$5,000
- Federal income tax-$6,570
- Social Security (6.2%)-$4,650
- Medicare (1.45%)-$1,088
- New Mexico taxable income$53,900
- New Mexico income tax-$2,124
- Take-home pay (yearly)$55,568
- Per biweekly paycheck$2,137
- Per month$4,631
- New Mexico marginal rate4.70%
- New Mexico effective rate3.03%
- Total tax as a share of gross19.2%
New Mexico at a glance
- Rates
- New Mexico taxes income at 6 rates from 1.50% to 5.90%.
- Deductions
- For 2026 you get a standard deduction of $16,100 single or $32,200 joint.
- Social Security
- New Mexico can tax part of your Social Security benefits, with exemptions based on age and income.
- Capital gains
- New Mexico allows a capital gains deduction of up to $2,500; selling a New Mexico business can qualify for 40% instead, up to $1 million.
New Mexico tax brackets for 2026
| Rate | Taxable income |
|---|---|
| 1.50% | $0 – $5,500 |
| 3.20% | $5,500 – $16,500 |
| 4.30% | $16,500 – $33,500 |
| 4.70% | $33,500 – $66,500 |
| 4.90% | $66,500 – $210,000 |
| 5.90% | over $210,000 |
| Rate | Taxable income |
|---|---|
| 1.50% | $0 – $8,000 |
| 3.20% | $8,000 – $25,000 |
| 4.30% | $25,000 – $50,000 |
| 4.70% | $50,000 – $100,000 |
| 4.90% | $100,000 – $315,000 |
| 5.90% | over $315,000 |
Questions
What is the New Mexico income tax rate for 2026?
New Mexico taxes income at 6 rates from 1.50% to 5.90%. For 2026 you get a standard deduction of $16,100 single or $32,200 joint.
Does New Mexico tax Social Security?
New Mexico can tax part of your Social Security benefits, with exemptions based on age and income.