Tax year 2025Last verified
New Mexico Income Tax Rates and Brackets — 2025
Top marginal rate, 2025
5.9%
Lowest 1.5%
Tax on $100,000, 2025
$3,586
Single filer, standard deduction
Rank in 2025
19th
of 51 jurisdictions, lowest tax first
Change to 2026
−$17
on $100,000, now 22nd
What changed between 2025 and 2026
This page exists because these figures moved. A tax year identical to the current one is a sentence on the New Mexico page, not a URL of its own.
| Figure | Filing status | 2025 | 2026 |
|---|---|---|---|
| Standard deduction | Single | $15,750 | $16,100 |
| Standard deduction | Married filing jointly | $31,500 | $32,200 |
| Standard deduction | Married filing separately | $15,750 | $16,100 |
| Standard deduction | Head of household | $23,625 | $24,150 |
Effective 2025-01-01: New Mexico rewrote its rate schedule, adding a 4.3% bracket and widening the lower brackets, primarily cutting taxes for low- and middle-income households; the top rate stayed at 5.9%. (H.B. 252 (2024))
Every change on this site traces to enacted legislation. See all 2025 state tax changes and the 2025 rates for all 51 jurisdictions.
2025 brackets, all four filing statuses
The full 2025 rate schedule as New Mexico published it, including the standard deduction and exemptions that applied that year.
Single
Standard deduction $15,750| Taxable income | Marginal rate |
|---|---|
| $0 – $5,499 | 1.5% |
| $5,500 – $16,499 | 3.2% |
| $16,500 – $33,499 | 4.3% |
| $33,500 – $66,499 | 4.7% |
| $66,500 – $209,999 | 4.9% |
| $210,000 and above | 5.9% |
Married filing jointly
Standard deduction $31,500| Taxable income | Marginal rate |
|---|---|
| $0 – $7,999 | 1.5% |
| $8,000 – $24,999 | 3.2% |
| $25,000 – $49,999 | 4.3% |
| $50,000 – $99,999 | 4.7% |
| $100,000 – $314,999 | 4.9% |
| $315,000 and above | 5.9% |
Married filing separately
Standard deduction $15,750| Taxable income | Marginal rate |
|---|---|
| $0 – $3,999 | 1.5% |
| $4,000 – $12,499 | 3.2% |
| $12,500 – $24,999 | 4.3% |
| $25,000 – $49,999 | 4.7% |
| $50,000 – $157,499 | 4.9% |
| $157,500 and above | 5.9% |
Head of household
Standard deduction $23,625| Taxable income | Marginal rate |
|---|---|
| $0 – $7,999 | 1.5% |
| $8,000 – $24,999 | 3.2% |
| $25,000 – $49,999 | 4.3% |
| $50,000 – $99,999 | 4.7% |
| $100,000 – $314,999 | 4.9% |
| $315,000 and above | 5.9% |
What 2025 cost at each income
New Mexico tax owed by a single filer taking the standard deduction, 2025 rules against 2026 rules.
| Income | 2025 tax | 2026 tax | Change |
|---|---|---|---|
| $50,000 | $1,201 | $1,184 | −$16 |
| $75,000 | $2,376 | $2,359 | −$16 |
| $100,000 | $3,586 | $3,569 | −$17 |
| $150,000 | $6,036 | $6,019 | −$17 |
| $250,000 | $11,179 | $11,158 | −$21 |
| $500,000 | $25,929 | $25,908 | −$21 |
| $1,000,000 | $55,429 | $55,408 | −$21 |
New Mexico against its neighbours in 2025
Tax owed on $100,000 by a single filer under each state's 2025 rules.
Other tax years
- 2026 (current)
- 2025
Sources for New Mexico, 2025
Sources
- 1.New Mexico Taxation and Revenue DepartmentState revenue department2025 PIT-1 New Mexico Personal Income Tax InstructionsRetrieved · Line 12 takes the federal standard or itemized deduction; line 13 the $4,000 per-dependent deduction; line 14 the low- and middle-income exemption.
- 2.Tax FoundationResearch organisation (cross-check)State Individual Income Tax Rates and Brackets, 2025Retrieved · Reproduces the same six brackets for both filing schedules.
- 3.New Mexico LegislatureState statuteH.B. 252 (2024), Section 5, amending NMSA 1978 Sec. 7-2-7, Individual Income Tax RatesRetrieved · Rate tables for joint/HoH/surviving spouse, single, and married filing separately, for tax years beginning on or after January 1, 2025.
- 4.Internal Revenue ServiceIRSRevenue Procedure 2025-32Retrieved · Confirms the 2025 federal basic standard deduction as amended by the OBBBA: $15,750 single/MFS, $23,625 head of household, $31,500 joint.
Figures on this page were last checked against these sources on . Found something wrong? Report it.
What this figure does not include
- The low- and middle-income exemption of up to $2,500 per exemption tapers with AGI and is not computed.
- The Social Security exemption, the state Child Tax Credit, the Working Families Tax Credit and the medical expense deductions are not modelled.
- The capital gains deduction is shown as a rule, not applied to any figure.
- The $4,000 deduction for certain dependents is modelled at $4,000 per dependent for married-filing-jointly and head-of-household filers, but New Mexico's PIT-1 line 13 worksheet excludes the first dependent, so our figure over-deducts by $4,000 for those filers. Single and married-filing-separately filers are not eligible at all and are modelled at $0.