United States · State income tax
New Mexico state income tax rate 2027.
New Mexico’s bracket schedule from the official source, with the 2026 figures and a labelled projected 2027 column.
Short answer: New Mexico has 6 brackets for 2026 with rates from 1.5% to 5.9%. The top rate starts at $210,000 of taxable income for single filers and $315,000 for joint filers. No different 2027 schedule is enacted yet, so the 2027 column carries the 2026 schedule forward and is labelled projected.
Estimate your tax
Result
Enter your New Mexico taxable income and press Estimate.
The New Mexico schedule
Read from the NM Legislature's Jan 26, 2026 SB 60 bill analysis (Table 1, 'Current' brackets, in place since tax year 2025 under HB 252 of 2024, NMSA 7-2-7). Joint column is 'Married Filing Joint, Heads of Households'. Dollar edges are statutory (not indexed); the TRD 2026 rate table itself was not found online. Cross-checked against Tax Foundation 2026 table (identical).
Single filers
| Taxable income | Rate, 2026 | Rate, 2027 (projected) |
|---|---|---|
| $0 to $5,500 | 1.5% | 1.5% |
| $5,500 to $16,500 | 3.2% | 3.2% |
| $16,500 to $33,500 | 4.3% | 4.3% |
| $33,500 to $66,500 | 4.7% | 4.7% |
| $66,500 to $210,000 | 4.9% | 4.9% |
| Over $210,000 | 5.9% | 5.9% |
Joint filers
| Taxable income | Rate, 2026 | Rate, 2027 (projected) |
|---|---|---|
| $0 to $8,000 | 1.5% | 1.5% |
| $8,000 to $25,000 | 3.2% | 3.2% |
| $25,000 to $50,000 | 4.3% | 4.3% |
| $50,000 to $100,000 | 4.7% | 4.7% |
| $100,000 to $315,000 | 4.9% | 4.9% |
| Over $315,000 | 5.9% | 5.9% |
Deductions, exemptions and local tax
New Mexico starts from federal AGI and follows the federal standard deduction: $16,100 single and $32,200 married filing jointly for 2026 per the NM Legislature analysis; Tax Foundation shows a $4,000 deduction per dependent beyond one. Not modelled.
None; New Mexico has no local income tax.
What changes in 2027 (projected)
SB 60 (2026) proposed 3 brackets from 2027 but the legislature page shows it 'Died' (postponed indefinitely 1/22/2026). The signed 2026 omnibus tax bill SB 151 could not be text-read, so no 2027 PIT change was confirmed; none found in coverage.
The 2027 column above carries the 2026 schedule forward. That is a projection, not an enacted 2027 schedule, and it is labelled that way wherever it appears.
Worked example (2026 schedule)
A single filer with $80,000 of New Mexico taxable income owes $3,378 under the 2026 schedule, an effective rate of 4.22% and a marginal rate of 4.9%. A joint filer with $150,000 of New Mexico taxable income owes $6,539 under the 2026 schedule, an effective rate of 4.36% and a marginal rate of 4.9%. The 2027 projection for the same incomes is the same dollar amount ($3,378 and $6,539) because the 2026 schedule is carried forward.
Common mix-ups
- New Mexico's lowest rate is 1.7%. The current schedule starts at 1.5%; 1.7% was the pre-2025 rate.
- New Mexico has five brackets topping at 5.9% over $210,000 for everyone. There are six brackets since 2025; the 5.9% top applies over $210,000 single but over $315,000 for joint and head of household.
- New Mexico's proposed flat-ish 2%/4%/6% schedule is law. SB 60 of 2026 died in committee; current law remains six brackets.
- Joint brackets are double the single brackets. They are not: $8,000 vs $5,500 and $25,000 vs $16,500, so a marriage penalty exists at lower brackets.
Method
The tool applies each bracket rate only to the slice of income inside that bracket, adds the slices and divides by income for the effective rate; the marginal rate is the rate of the bracket that contains your income. The 2027 line uses the 2026 schedule and is shown as projected. Nothing you type is sent to our servers; the maths runs in your browser. For a full paycheck including federal and payroll taxes, use the paycheck calculator, and for comparing states see the state income tax calculator.
What this does not cover
- Deductions, exemptions and credits. Enter income after them.
- Head of household, part-year or nonresident returns, and income taxed at special rates.
- Local income taxes and surtaxes beyond the bracket schedule.
- Any 2027 law change that has not been enacted yet.
Figures read from the sources below on November 9, 2026. Last updated November 9, 2026.
Sources
- NM Legislature SB 60 Bill Analysis and Fiscal Impact Report, Jan 26 2026 (current-law bracket Table 1 (read from downloaded PDF)) (retrieved November 9, 2026)
- NM Legislature SB 60 bill page (status Died) (retrieved November 9, 2026)
- NM TRD 2025 Tax Rate Table (2025 table consistent with 1.5% first bracket (2025 not 2026)) (retrieved November 9, 2026)
- Tax Foundation 2026 state income tax rates (cross-check only) (bracket cross-check, dependent deduction) (retrieved November 9, 2026)
Frequently asked questions
What is the New Mexico state income tax rate for 2027?
New Mexico has not enacted a different 2027 schedule that this page could read, so the 2027 figures are projected by carrying forward the 2026 rates (1.5%, 3.2%, 4.3%, 4.7%, 4.9%, 5.9%).
What is the top New Mexico income tax rate?
5.9% under the 2026 schedule. It starts at $210,000 of taxable income for single filers and $315,000 for joint filers.
How much New Mexico income tax would I pay on $80,000?
A single filer with $80,000 of New Mexico taxable income owes $3,378 under the 2026 schedule, an effective rate of 4.22% and a marginal rate of 4.9%. The estimator above runs your own figure.
Does this page include deductions or credits?
No. It applies the rate schedule to the taxable income you enter, so subtract your deductions and exemptions first. It does not model credits, local taxes or surtaxes.
Is the 2027 result a forecast?
It is a projection. It carries the 2026 schedule forward and is labelled projected wherever it appears. New Mexico can change its rates or indexed brackets before the 2027 forms are issued.
Where does the information on this page come from?
New Mexico sources read on November 9, 2026: NM Legislature SB 60 Bill Analysis and Fiscal Impact Report, Jan 26 2026; NM Legislature SB 60 bill page; NM TRD 2025 Tax Rate Table. The links in the Sources section go to the originals.
Did New Mexico change income tax brackets in 2026?
The bracket-changing SB 60 died; no change to the six-bracket schedule was found.
Not legal or tax advice
Rates change and this is an unofficial guide, not run by any state tax agency; any 2027 figure that is not enacted is a projection. Nothing you type is transmitted anywhere. Confirm with the New Mexico tax agency or a tax professional before you file.