New Mexico Tax Rates, Brackets

Prepare and e-File your current New Mexico Income Taxes here on eFile.com together with your Federal Income Tax Return. Per IRS/State regulation - not eFile.com - a New Mexico state tax return can only be e-Filed together with an IRS tax return. Instruction how to only prepare a New Mexico state return on eFile.com and then download, print sign and mail it in.

Detailed Information about New Mexico state income tax brackets and rates, standard deduction information, and tax forms by tax year etc. can be found on this page.

If you still need to file a return for a previous tax year, find the New Mexico tax forms below. You can complete and sign the forms here on eFile.com before you mail them to the NM Taxation and Revenue Department. For Federal or IRS back taxes access the tax forms here. Other important New Mexico state income tax return information and other related features (e.g. tax extension, amendment, etc.)

New Mexico Income Tax Returns

New Mexico Income Taxes

New Mexico Tax Deadlines, Extension, Penalties

Instructions, Resources on how to prepare and e-File New Mexico Tax Returns or how to prepare an Extension and/or previous Year Tax Returns

Prepare, eFile a current NM + IRS Tax Return: Detailed eFile.com Service Overview

Start Federal and New Mexico Tax Returns

Prepare only a NM State Return without an IRS return. Details

Step by Step instructions on how to only Prepare and Download - not eFile - State Returns on eFile.com.

File a current New Mexico Tax Amendment

Complete overview on how to prepare and amend a New Mexico Income Tax Return.

New Mexico Income Tax Forms

Current NM tax year tax forms you can eFile.
Previous tax year or New Mexico Income Back Taxes Forms you can complete but not e-File any longer.

New Mexico Tax Brackets, Rates explained

Current and past tax year NM Tax Brackets, Rates and Income Ranges

IRS Tax Brackets, Rates by Tax Year

Calculate and Estimate your IRS Income Tax Brackets and Rates with the eFile RATEucator.

Income Tax Brackets, Rates, Income Ranges, and Estimated Taxes Due

Here you can find how your New Mexico based income is taxed at different rates within the given tax brackets. When you prepare your return on eFile.com this is all calculated for you based on your income.

New Mexico Tax Brackets for Tax Year 2023

As you can see your income in New Mexico is taxed at different rates within the given tax brackets. Any income over $210,500 (Single), or $157,500 (Married Separate), or $315,000 (Married) would be taxes at the highest rate of 5.90%.

Tax Rate

Filing Status

Income Range

Taxes Due

1.70%

Single

$0 to $5,500

1.70% of Income

Married Separate

$0 to $4,000

1.70% of Income

MFJ/HOH/Qualifying Widow

$0 to $8,000

1.70% of Income

3.20%

Single

$5,501 to $11,000

$93.50 + 3.20%

Married Separate

$4,001 to $8,000

$68.00 + 3.20%

MFJ/HOH/Qualifying Widow

$8,001 to $16,000

$136 + 3.20%

4.70%

Single

$11,001 to $16,000

$269.50 + 4.70%

Married Separate

$8,001 to $12,000

$196 + 4.70%

MFJ/HOH/Qualifying Widow

$16,001 to $24,000

$392 + 4.70%

4.90%

Single

$16,001 to $210,000

$504.50 + 4.90%

Married Separate

$12,001 to $157,500

$384 + 4.90%

MFJ/HOH/Qualifying Widow

$24,001 to $315,000

$768 + 4.90%

5.90%

Single

$210,001+

$10,010.50 + 5.90%

Married Separate

$157,501+

$7,513.50 + 5.9% over $157,500.

MFJ/HOH/Qualifying Widow

$315,001+

$15,027 + 5.9% over $315,000.

New Mexico Tax Brackets for Tax Year 2022

New York Income Brackets for Tax Year 2022 has remain the same as Tax Year 2021.

Tax Rate

Filing Status

Income Range

Taxes Due

1.70%

Single

$0 to $5,500

1.70% of Income

Married Separate

$0 to $4,000

1.70% of Income

MFJ/HOH/Qualifying Widow

$0 to $8,000

1.70% of Income

3.20%

Single

$5,501 to $11,000

$93.50 + 3.20%

Married Separate

$4,001 to $8,000

$68.00 + 3.20%

MFJ/HOH/Qualifying Widow

$8,001 to $16,000

$136 + 3.20%

4.70%

Single

$11,001 to $16,000

$269.50 + 4.70%

Married Separate

$8,001 to $12,000

$196 + 4.70%

MFJ/HOH/Qualifying Widow

$16,001 to $24,000

$392 + 4.70%

4.90%

Single

$16,001 to $210,000

$504.50 + 4.90%

Married Separate

$12,001 to $157,500

$384 + 4.90%

MFJ/HOH/Qualifying Widow

$24,001 to $315,000

$768 + 4.90%

5.90%

Single

$210,001+

$10,010.50 + 5.90%

Married Separate

$157,501+

$7,513.50 + 5.9% over $157,500.

MFJ/HOH/Qualifying Widow

$315,001+

$15,027 + 5.9% over $315,000.

New Mexico Tax Brackets for Tax Year 2021

Previous NM Income Brackets.

Tax Rate

Filing Status

Income Range

Taxes Due

1.70%

Single

$0 to $5,500

1.70% of Income

Married Separate

$0 to $4,000

1.70% of Income

MFJ/HOH/Qualifying Widow

$0 to $8,000

1.70% of Income

3.20%

Single

$5,501 to $11,000

$93.50 + 3.20%

Married Separate

$4,001 to $8,000

$68.00 + 3.20%

MFJ/HOH/Qualifying Widow

$8,001 to $16,000

$136 + 3.20%

4.70%

Single

$11,001 to $16,000

$269.50 + 4.70%

Married Separate

$8,001 to $12,000

$196 + 4.70%

MFJ/HOH/Qualifying Widow

$16,001 to $24,000

$392 + 4.70%

4.90%

Single

$16,001 to $210,000

$504.50 + 4.90%

Married Separate

$12,001 to $157,500

$384 + 4.90%

MFJ/HOH/Qualifying Widow

$24,001 to $315,000

$768 + 4.90%

5.90%

Single

$210,001+

$10,010.50 + 5.90%

Married Separate

$157,501+

$7,513.50 + 5.9% over $157,500.

MFJ/HOH/Qualifying Widow

$315,001+

$15,027 + 5.9% over $315,000.

Income Tax Brackets for Other States: Compare State Tax Brackets, Rates
For your personal Effective IRS Tax Rate use the RATEucator Tool

New Mexico Standard and Itemized Deductions

Officially, New Mexico does not have standard deductions; however, they technically apply the federal standard deductions when calculating taxable income. Similarly, although New Mexico does not have specific itemized deductions, they do allow adjustments to income similar to itemized deductions at the federal level.

Attention: When you prepare and eFile your Tax Return New Mexico tax return the eFile Tax App will apply the correct standard deductions for you or you can apply the itemized deduction method.

Standard Deductions by State: Compare State Standard Deduction Amounts
IRS Standard Deductions: Federal Standard Deductions
IRS Itemized Deduction: Itemized Deductions

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