New Mexico

State Income Tax

1.7–5.9%

Rate Range

Exempt

Social Security

2026-04-15

Filing Deadline

4 brackets

Structure

Full Tax Details

Has Income TaxYes

Tax Structure4 Brackets

Rate1.7–5.9%

Single Standard Deduction$14,600

Married Standard Deduction$29,200

Single Personal ExemptionN/A

Married Personal ExemptionN/A

Taxes Social SecurityExempt

Taxes Retirement IncomeYes

Filing Deadline2026-04-15

Retirement Income Details

Social Security is exempt for most taxpayers. General retirement income exemption up to $2,500.

Official Payment Portal

New Mexico Department of Revenue

Last verified: 2026-03-31 · Always consult a tax professional before making financial decisions.