New Mexico income tax in 2026
New Mexico taxes wages at 1.5% to 5.9% of taxable income. New Mexico starts from federal AGI and uses the federal standard deduction ($16,100 single, $32,200 joint, $24,150 head of household). Joint and head-of-household filers also deduct $4,000 for each dependent after the first, and a low- and middle-income exemption of up to $2,500 per person phases out by AGI of $36,667 (single) or $55,000 (joint). A refundable child tax credit of $26–$637 per child, depending on AGI, comes off the tax.
| Taxable income | Rate |
|---|---|
| $0 to $5,500 | 1.5% |
| $5,500 to $16,500 | 3.2% |
| $16,500 to $33,500 | 4.3% |
| $33,500 to $66,500 | 4.7% |
| $66,500 to $210,000 | 4.9% |
| Over $210,000 | 5.9% |
| Taxable income | Rate |
|---|---|
| $0 to $8,000 | 1.5% |
| $8,000 to $25,000 | 3.2% |
| $25,000 to $50,000 | 4.3% |
| $50,000 to $100,000 | 4.7% |
| $100,000 to $315,000 | 4.9% |
| Over $315,000 | 5.9% |
| Taxable income | Rate |
|---|---|
| $0 to $8,000 | 1.5% |
| $8,000 to $25,000 | 3.2% |
| $25,000 to $50,000 | 4.3% |
| $50,000 to $100,000 | 4.7% |
| $100,000 to $315,000 | 4.9% |
| Over $315,000 | 5.9% |
The child tax credit uses the 2025 amounts and its refundable part isn't shown; the Working Families Tax Credit and the 65+ exemption aren't included.
Examples
- Single, $60,000: take-home about $48,736 a year ($4,061 a month) after $5,020 federal tax, $4,590 FICA and $1,654 New Mexico tax.
- Married, $120,000, two children under 17: about $102,010 a year ($8,501 a month) after $5,640 federal tax (after the Child Tax Credit), $9,180 FICA and $3,170 New Mexico tax.
Both use the federal standard deduction and no pre-tax deductions; change any detail in the calculator above.
Questions
What is New Mexico's income tax rate in 2026?
New Mexico taxes wages at 1.5% to 5.9% of taxable income in 2026. New Mexico starts from federal AGI and uses the federal standard deduction ($16,100 single, $32,200 joint, $24,150 head of household). Joint and head-of-household filers also deduct $4,000 for each dependent after the first, and a low- and middle-income exemption of up to $2,500 per person phases out by AGI of $36,667 (single) or $55,000 (joint). A refundable child tax credit of $26–$637 per child, depending on AGI, comes off the tax.
How much is $60,000 a year after tax in New Mexico?
For a single filer with no pre-tax deductions, about $48,736 a year ($4,061 a month): $5,020 federal income tax, $4,590 Social Security and Medicare and $1,654 New Mexico income tax.
Are there local income taxes in New Mexico?
No city or county income taxes apply to most New Mexico residents' wages.
New Mexico rules checked on 2026-10-01: tax.newmexico.gov, tax.newmexico.gov, nmlegis.gov, help.nfc.usda.gov. Federal figures from the IRS (Rev. Proc. 2025-32). An estimate, not tax advice.