The formulas
- Taxable income = income - standard deduction - personal exemptions (when applied), not below zero
- Tax from the 2025 New Mexico rate table: 1.5% to 5.9%
- Deduction = federal standard deduction for 2025: $15,750 single or separate, $23,625 head of household, $31,500 joint
- New Mexico income tax = tax from the rate schedule
How it works
Tax year: 2025. These are the latest full return figures New Mexico has published.
New Mexico taxes income at 1.5% to 5.9%. Enter income before state deductions and choose whether to apply the state standard deduction and personal exemptions, or enter taxable income and switch them off. The tool computes state income tax only; credits other than those named are not applied.
New Mexico's brackets for 2025 run from 1.5 to 5.9 percent, with head of household using the joint table. New Mexico allows the federal standard deduction claimed on the federal return (2025 amounts shown). New Mexico also has low- and middle-income exemptions and a deduction for some dependents, not applied here.
Local taxes: New Mexico cities and counties do not levy a local income tax.
Illustrative figures only. Check the result against your firm's methodology before relying on it.
Common questions
What is the New Mexico income tax rate for 2025?
New Mexico taxes income at 1.5% to 5.9% for 2025. Tax from the 2025 New Mexico rate table: 1.5% to 5.9%.
What is the New Mexico standard deduction?
Single: $15,750; Married filing jointly or surviving spouse: $31,500; Head of household: $23,625; Married filing separately: $15,750 (2025, at low income).
Are there local income taxes in New Mexico?
New Mexico cities and counties do not levy a local income tax.
Sources
- New Mexico TRD, 2025 tax rate table
- New Mexico TRD, 2025 PIT-1 instructions (line 12, federal standard deduction)
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