New Mexico Income Tax & Take-Home Pay
2025 tax year · Progressive brackets
State Tax Brackets
| Income Range | Rate |
|---|---|
| $0 – $5,500 | 1.70% |
| $5,500 – $11,000 | 3.20% |
| $11,000 – $16,000 | 4.70% |
| $16,000 – $210,000 | 4.90% |
| $210,000 – + | 5.90% |
Standard deduction: $14,600
Take-Home Pay at Different Salaries
| Salary | Federal | State | FICA | Take-Home | Eff. Rate |
|---|---|---|---|---|---|
| $40,000 | $2,762 | $965 | $3,060 | $33,213 | 17.0% |
| $50,000 | $3,962 | $1,455 | $3,825 | $40,758 | 18.5% |
| $60,000 | $5,162 | $1,945 | $4,590 | $48,303 | 19.5% |
| $75,000 | $8,114 | $2,680 | $5,738 | $58,468 | 22.0% |
| $85,000 | $10,314 | $3,170 | $6,503 | $65,013 | 23.5% |
| $100,000 | $13,614 | $3,905 | $7,650 | $74,831 | 25.2% |
| $125,000 | $19,247 | $5,130 | $9,563 | $91,060 | 27.2% |
| $150,000 | $25,247 | $6,355 | $11,475 | $106,923 | 28.7% |
| $200,000 | $37,247 | $8,805 | $13,818 | $140,130 | 29.9% |
| $250,000 | $52,263 | $11,509 | $14,993 | $171,235 | 31.5% |
| $300,000 | $69,297 | $14,459 | $16,168 | $200,075 | 33.3% |