Income Tax in New Mexico
New Mexico (NM) has 5 income tax brackets ranging from 1.7% to 5.9% for tax year 2025. The standard deduction is $14,600 for single filers and $29,200 for married filing jointly.
2025 Tax Brackets
| Tax Rate | Taxable Income Range |
|---|---|
| 1.7% | $0 — $5,500 |
| 3.2% | $5,500 — $11,000 |
| 4.7% | $11,000 — $16,000 |
| 4.9% | $16,000 — $210,000 |
| 5.9% | $210,000+ |
Standard Deduction
| Filing Status | Deduction |
|---|---|
| Single | $14,600 |
| Married Filing Jointly | $29,200 |