2026 New Mexico income tax brackets
Single
| Taxable income | Rate |
|---|---|
| $0 – $5,500 | 1.5% |
| $5,500 – $16,500 | 3.2% |
| $16,500 – $33,500 | 4.3% |
| $33,500 – $66,500 | 4.7% |
| $66,500 – $210,000 | 4.9% |
| over $210,000 | 5.9% |
New Mexico's married filing jointly and head of household brackets aren't loaded yet. For those statuses the calculator shows a labeled single-filer estimate.
How New Mexico taxable income is figured
New Mexico starts from federal taxable income, so the federal standard deduction applies: $16,100 single, $32,200 married filing jointly, $24,150 head of household. Pre-tax 401(k), health and HSA deductions are assumed to reduce New Mexico wages the same way they reduce federal wages.
Local income taxes in New Mexico
No local income taxes on wages in New Mexico (local gross receipts taxes exist but are levied on businesses, not wages).
Local taxes are shown for information only. The calculator doesn't add them to your result.
Minimum wage, tips and overtime in New Mexico
The minimum wage used for New Mexico is $12.00 an hour. Tipped employees may be paid a cash wage of $3.00 with a tip credit of up to $9.00, as long as wages plus tips reach the full minimum. Check a shift with the tipped wage calculator.
No daily overtime rule; overtime follows the federal FLSA standard of 1.5x for hours over 40 in a workweek.
New Mexico take-home pay at common salaries
| Salary | Federal | NM state | FICA | Take-home / yr | Per biweekly check |
|---|---|---|---|---|---|
| $40,000.00 | $2,620.00 | $752.70 | $3,060.00 | $33,567.30 | $1,291.05 |
| $60,000.00 | $5,020.00 | $1,654.30 | $4,590.00 | $48,735.70 | $1,874.44 |
| $85,000.00 | $9,870.00 | $2,834.10 | $6,502.50 | $65,793.40 | $2,530.52 |
| $120,000.00 | $17,570.00 | $4,549.10 | $9,180.00 | $88,700.90 | $3,411.57 |
Single filer, paid biweekly, no pre-tax deductions, 2026 rules. Computed by the same engine as the calculator above.
New Mexico paycheck FAQs
- What is the New Mexico income tax rate in 2026?
- New Mexico taxes wages at rates from 1.5% to 5.9%, depending on taxable income.
- How much is taken out of a $60,000 salary in New Mexico?
- For a single filer paid biweekly with no pre-tax deductions: federal income tax $5,020.00, New Mexico income tax $1,654.30, Social Security $3,720.00 and Medicare $870.00. That leaves $48,735.70 a year, or $1,874.44 per paycheck.
- Does New Mexico have a standard deduction?
- New Mexico starts from federal taxable income, so the federal standard deduction applies: $16,100 single, $32,200 married filing jointly, $24,150 head of household. Pre-tax 401(k), health and HSA deductions are assumed to reduce New Mexico wages the same way they reduce federal wages.
- Does New Mexico have local income taxes?
- No local income taxes on wages in New Mexico (local gross receipts taxes exist but are levied on businesses, not wages).
- What is the tipped minimum wage in New Mexico?
- $3.00 an hour in cash wages, with a tip credit of up to $9.00, so tips must bring the total to at least $12.00.
Sources for New Mexico figures
Every New Mexico figure on this page was last checked on against these sources:
- https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0275.HTML — nmlegis.gov (tax year 2026, checked 2026-10-18)
- https://www.dol.gov/agencies/whd/state/minimum-wage/tipped — dol.gov (tax year 2026, checked 2026-10-18)
Federal figures: see the methodology page.
Nearby states
More New Mexico pay tools
- Overtime pay in New Mexico
- New Mexico tipped wage calculator
- All state paycheck calculators
- How the NM math works
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