New Mexico Tax Rates, Brackets
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
Prepare only a NM State Return without an IRS return.
Details
File a 2022 New Mexico Tax Amendment
New Mexico Income Tax Forms
New Mexico Tax Brackets, Rates explained
IRS Tax Brackets, Rates by Tax Year
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 2022
As you can see your income in New Mexico is taxed at different rates within the given tax brackets. Any income over $157,500 (Single), or $315,000 (Married) would be taxes at the highest rate of 5.90%.
1.70%
Single or MFS
$0 to $4,000
1.70% of Income
MFJ/HOH/Qualifying Widow
$0 to $8,000
1.70% of Income
3.20%
Single or MFS
$4,000 to $8,000
$68.00 + 3.20%
MFJ/HOH/Qualifying Widow
$8,000 to $16,000
$136 + 3.20%
4.70%
Single or MFS
$8,000 to $12,000
$196 + 4.70%
MFJ/HOH/Qualifying Widow
$16,000 to $24,000
$392 + 5.50%
4.90%
Single or MFS
$12,000 to $157,500
$384 + 4.90%
MFJ/HOH/Qualifying Widow
$24,000 to $315,000
$768 + 4.90%
5.90%
Single or MFS
$157,500+
$7,513.50 plus 5.9% over $157,500.
MFJ/HOH/Qualifying Widow
$315,000+
$15,027 plus 5.9% over $315,000.
New Mexico Tax Brackets for Tax Year 2021
Previous NM Income Brackets.
1.70%
Single or MFS
$0 to $4,000
1.70% of Income
MFJ/HOH/Qualifying Widow
$0 to $8,000
1.70% of Income
3.20%
Single or MFS
$4,000 to $8,000
$68.00 + 3.20%
MFJ/HOH/Qualifying Widow
$8,000 to $16,000
$136 + 3.20%
4.70%
Single or MFS
$8,000 to $12,000
$196 + 4.70%
MFJ/HOH/Qualifying Widow
$16,000 to $24,000
$392 + 5.50%
4.90%
Single or MFS
$12,000 to $157,500
$384 + 4.90%
MFJ/HOH/Qualifying Widow
$24,000 to $315,000
$768 + 4.90%
5.90%
Single or MFS
$157,500+
$7,513.50 plus 5.9% over $157,500.
MFJ/HOH/Qualifying Widow
$315,000+
$15,027 plus 5.9% over $315,000.
2022 New Mexico Standard Deductions
New Mexico uses the Federal Deduction amounts.
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