New Mexico income tax and brackets 2026

New Mexico taxes income at 6 rates in 2026, from 1.5% on the first $5,500 of a single filer's taxable income to 5.9% above $210,000. A single filer earning $75,000 in New Mexico owes about $10,029 in federal and state income tax, an effective rate of 13.4%.

Updated Oct 29, 2026·By the BooksGPT team·2026 rates

Income tax · 2026

See the brackets

$10,029for the year

Effective rate 13.4% of income

Federal income tax$7,670

New Mexico income tax$2,359

Taxable income

$58,900

Top federal rate

22%

New Mexico tax brackets 2026

New Mexico brackets · 2026

1.5% to 5.9%

6 brackets

Your top bracket

4.7%

Average rate

4.0%

Taxable income

$58,900

How your $2,359 adds up

1.5% on the first $5,500$82

3.2% on the next $11,000$352

4.3% on the next $17,000$731

4.7% on the last $25,400$1,194

New Mexico brackets, single

New Mexico income tax brackets for 2026, single
Rate	Taxable income	Tax owed
1.5%	$0 to $5,500	1.5% of taxable income
3.2%	$5,500 to $16,500	$82.50 + 3.2% over $5,500
4.3%	$16,500 to $33,500	$434.50 + 4.3% over $16,500
4.7%You	$33,500 to $66,500	$1,165.50 + 4.7% over $33,500
4.9%	$66,500 to $210,000	$2,716.50 + 4.9% over $66,500
5.9%	Over $210,000	$9,748.00 + 5.9% over $210,000

New Mexico at a glance

Income tax: 1.5% to 5.9%
Standard deduction: $16,100
Personal exemption: $2,500
State payroll taxes: None
Local income tax: None
Sales tax: 4.875%
2026 return due: Apr 15, 2027

How we work it out

1
Income
Your income for the year, less pre-tax retirement savings.
2
Deduction
The larger of the standard deduction and your itemized total.
3
Federal brackets
Each rate from 10% to 37% taxes only the income inside it.
4
New Mexico
New Mexico's own deduction and rates on the same income.
5
Effective rate
Your total tax divided by your income.

New Mexico income tax questions

What are the New Mexico tax brackets for 2026?

New Mexico has 6 brackets for single filers, from 1.5% on the first $5,500 of taxable income to 5.9% on income over $210,000.

How much income tax do I pay on $75,000 in New Mexico?

A single filer earning $75,000 owes about $7,670 in federal income tax and $2,359 in New Mexico income tax for 2026, $10,029 in all. That is 13.4% of income.

Why is my average rate lower than my tax bracket?

Each rate taxes only the income inside its bracket. A single filer with $58,900 of New Mexico taxable income is in the 4.7% bracket, but only the $25,400 above $33,500 pays 4.7%. The lower rates tax the rest, so the brackets come to $2,359, 4.0% on average.

What are the 2026 federal tax brackets?

Seven rates: 10%, 12%, 22%, 24%, 32%, 35% and 37%. The 37% rate starts above $640,600 for single filers and above $768,700 for married couples filing jointly.

Will New Mexico's brackets change?

Brackets are set in law and not indexed; a 2024 law (effective 2025) added a 1.5% bottom rate and a 4.3% bracket and widened the brackets, and the standard deduction follows the federal amount.

What is the 2026 standard deduction?

$16,100 for single filers, $32,200 for married couples filing jointly and $24,150 for heads of household. New Mexico uses the same amounts.

Sources