![]() ![]() New Mexico Taxation and Revenue Department. Income tax brackets are not one half that of the Married Filing Jointly income tax brackets Married Filing Jointly increase from $5,500 to $8,000 (not double) at 3.2%, and increase from Notice the New Mexico income tax brackets for Tax rate of 5.9% on taxable income over $315,000.įor the Single, Married Filing Jointly, Married Filing Separately, and Head of Householdįiling statuses, the NM tax rates and the number of tax brackets.Tax rate of 4.7% on taxable income between $16,001 and $24,000.Tax rate of 3.2% on taxable income between $8,001 and $16,000.Tax rate of 1.7% on the first $8,000 of taxable income.Tax rate of 5.9% on taxable income over $210,000.įor married taxpayers living and working in the state of New Mexico:.Tax rate of 4.7% on taxable income between $11,001 and $16,000.Tax rate of 3.2% on taxable income between $5,501 and $11,000. ![]()
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