New Mexico Tax Rates, Brackets

Prepare and e-File your 2021 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
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 2021 New Mexico Tax Amendment
New Mexico Income Tax Forms
New Mexico Tax Brackets, Rates explained
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 2021

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

Tax Rate
Filing Status
Income Range
Taxes Due
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 2020

Tax Rate
Filing Status
Income Range
Taxes Due
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+
$384 + 4.90% over $12,000.
MFJ/HOH/Qualifying Widow
$24,000+
$768 + 4.90% over $24,000.

2021 New Mexico Standard Deductions

New Mexico uses the Federal Deduction amounts.

Tax Year
Status
Amount
2021
Single
$12,550
2021
Married
$25,100
2020
Single
$12,400
2020
Married
$24,800

New Mexico Income Tax Forms

New Mexico State Income Tax Forms for Tax Year 2021 (Jan. 1 - Dec. 31, 2021) can be e-Filed in conjunction with a IRS Income Tax Return. Details on how to only prepare and print a New Mexico 2021 Tax Return.

Below are forms for prior Tax Years starting with 2020. These back taxes forms can not longer be e-Filed. You can complete the forms with the help of eFile.com free tax calculators. Complete the respective Form(s) below, sign, and mail them to the New Mexico Taxation and Revenue Department. In addition to filing New Mexico Forms you might also have to file previous IRS Tax Return Forms.

In addition to filing New Mexico Forms, you might also have to file previous IRS Tax Return Forms. If you can not find the form listed there, use the search button below.

Search Tax Forms

 

Form Number, Description
Year
Status

A list of income tax forms for other states.

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