New Mexico Income Tax Calculator
Use this free income tax calculator customized with New Mexico-specific tax rates, costs, and financial data.
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Frequently Asked Questions
What is the New Mexico state income tax rate?
New Mexico has a top marginal income tax rate of 5.9%. The state uses a progressive tax system with 5 brackets.
Does New Mexico have a flat or progressive income tax?
New Mexico uses a progressive income tax system with 5 brackets ranging from 1.7% to 5.9%.
How do I file my New Mexico state income tax return?
New Mexico residents must file a state income tax return with the New Mexico Department of Revenue (or equivalent agency). Most taxpayers can file electronically. The deadline typically aligns with the federal tax deadline of April 15.