New Mexico Tax Brackets 2025
New Mexico state income tax rates for tax year 2025 — 5 progressive brackets from 1.7% to 5.9%, with separate thresholds for single filers and married filing jointly.
Tax year
2025
Type
Progressive
Rate range
1.7%–5.9%
Brackets
5
New Mexico state tax at common incomes (2025)
| Taxable income | Single — tax | Single — effective | MFJ — tax | MFJ — effective |
|---|---|---|---|---|
| $50,000 | $2,171 | 4.34% | $2,042 | 4.08% |
| $75,000 | $3,396 | 4.53% | $3,267 | 4.36% |
| $100,000 | $4,621 | 4.62% | $4,492 | 4.49% |
| $150,000 | $7,071 | 4.71% | $6,942 | 4.63% |
| $250,000 | $12,371 | 4.95% | $11,842 | 4.74% |
| $500,000 | $27,121 | 5.42% | $25,942 | 5.19% |
State income tax only. Excludes federal tax, FICA, and local/city taxes. Assumes taxable income (after deductions).
2025 brackets — Single filer
| Taxable income | Rate |
|---|---|
| $0 – $5,500 | 1.7% |
| $5,500 – $11,000 | 3.2% |
| $11,000 – $16,000 | 4.7% |
| $16,000 – $210,000 | 4.9% |
| Over $210,000 | 5.9% |
2025 brackets — Married filing jointly
| Taxable income | Rate |
|---|---|
| $0 – $8,000 | 1.7% |
| $8,000 – $16,000 | 3.2% |
| $16,000 – $24,000 | 4.7% |
| $24,000 – $315,000 | 4.9% |
| Over $315,000 | 5.9% |
About New Mexico's 2025 rates
New Mexico's progressive tax applies marginal rates to each bracket of income. The state uses federal adjusted gross income as the starting point and offers various deductions and credits. New Mexico exempts most Social Security benefits from taxation and provides additional exemptions for low-income seniors.
Frequently asked questions
What are the New Mexico tax brackets for 2025?
New Mexico has 5 progressive brackets for 2025, ranging from 1.7% on the lowest bracket up to 5.9% on income above $210,000 (single filer). See the full table above for every rate and threshold.
What is the top New Mexico income tax rate in 2025?
5.9%, applied to taxable income above $210,000 for single filers ($315,000 for married filing jointly).
How much New Mexico state tax on $100,000 in 2025?
A single filer with $100,000 of taxable income owes $4,621 in New Mexico state income tax for 2025 — an effective rate of 4.62%. Married filing jointly with the same income owes $4,492 (4.49% effective). Federal tax is separate.
Are New Mexico 2025 tax brackets the same as 2024?
Bracket thresholds may have changed for 2025 via inflation indexing or legislative action. The figures on this page are the New Mexico bracket thresholds in effect for tax year 2025.