New Mexico Paycheck Calculator 2026
Calculate your exact take-home pay in New Mexico after federal and state taxes (New Mexico has a state income tax).
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New Mexico Income Tax Overview
New Mexico has a six-bracket progressive income tax system with rates from 1.5% to 5.9%. New Mexico's standard deduction mirrors the federal amount ($16,100 for single filers), which is generous. No New Mexico city charges a local income tax. New Mexico has significant oil and gas revenue that helps fund state services, contributing to a moderate overall tax burden despite the income tax. Compared to neighboring Texas (no income tax) and Arizona (2.5% flat), New Mexico's income tax is higher. Colorado (4.4% flat) is slightly lower for most earners. New Mexico is generally considered to have a moderate overall tax environment for the Southwest, and its income tax rates are competitive with many eastern states.
New Mexico Tax Brackets 2026
| Tax Rate | Income Range | Max Tax in Bracket |
|---|---|---|
| 1.5% | $0 – $5,500 | $83 |
| 3.2% | $5,500 – $16,500 | $352 |
| 4.3% | $16,500 – $33,500 | $731 |
| 4.7% | $33,500 – $66,500 | $1,551 |
| 4.9% | $66,500 – $210,000 | $7,032 |
| 5.9% | $210,000 – and above | — |