New Mexico Tax Tables for 2018
The 2018 New Mexico Tax Tables summarise the state-level rules applied to wages, deductions, credits and taxable income. These tables match the rules used by the New Mexico State Tax Calculator 2018.
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New Mexico Tax Tables for 2018
The tables below outline the income tax structure, deduction amounts, state-level credits and payroll-related rules used for New Mexico in 2018. New Mexico uses filing-status–specific progressive income tax tables. Income is divided into brackets and each portion is taxed at its marginal rate. The table below shows the full structure for this filing status. For a full explanation of marginal brackets, see our Tax Tables guide.
Single – Progressive Tax Brackets (2018)
Marginal income tax brackets for Single filers in New Mexico for 2018. Only the portion of income within each bracket is taxed at the stated rate.
| Bracket | Range | Rate |
|---|---|---|
| 1 | $ 0.00 to $ 5,500.00 | 1.7% |
| 2 | $ 5,500.00 to $ 11,000.00 | 3.2% |
| 3 | $ 11,000.00 to $ 16,000.00 | 4.7% |
| 4 | $ 16,000.00 and over | 4.9% |
Married filing jointly – Progressive Tax Brackets (2018)
Marginal income tax brackets for Married filing jointly filers in New Mexico for 2018. Only the portion of income within each bracket is taxed at the stated rate.
| Bracket | Range | Rate |
|---|---|---|
| 1 | $ 0.00 to $ 8,000.00 | 1.7% |
| 2 | $ 8,000.00 to $ 16,000.00 | 3.2% |
| 3 | $ 16,000.00 to $ 24,000.00 | 4.7% |
| 4 | $ 24,000.00 and over | 4.9% |
Married filing separately – Progressive Tax Brackets (2018)
Marginal income tax brackets for Married filing separately filers in New Mexico for 2018. Only the portion of income within each bracket is taxed at the stated rate.
| Bracket | Range | Rate |
|---|---|---|
| 1 | $ 0.00 to $ 4,000.00 | 1.7% |
| 2 | $ 4,000.00 to $ 8,000.00 | 3.2% |
| 3 | $ 8,000.00 to $ 12,000.00 | 4.7% |
| 4 | $ 12,000.00 and over | 4.9% |
Head of household – Progressive Tax Brackets (2018)
Marginal income tax brackets for Head of household filers in New Mexico for 2018. Only the portion of income within each bracket is taxed at the stated rate.
| Bracket | Range | Rate |
|---|---|---|
| 1 | $ 0.00 to $ 8,000.00 | 1.7% |
| 2 | $ 8,000.00 to $ 16,000.00 | 3.2% |
| 3 | $ 16,000.00 to $ 24,000.00 | 4.7% |
| 4 | $ 24,000.00 and over | 4.9% |
Widowed – Progressive Tax Brackets (2018)
Marginal income tax brackets for Widowed filers in New Mexico for 2018. Only the portion of income within each bracket is taxed at the stated rate.
| Bracket | Range | Rate |
|---|---|---|
| 1 | $ 0.00 to $ 8,000.00 | 1.7% |
| 2 | $ 8,000.00 to $ 16,000.00 | 3.2% |
| 3 | $ 16,000.00 to $ 24,000.00 | 4.7% |
| 4 | $ 24,000.00 and over | 4.9% |
New Mexico Standard Deduction(2018)
State-level standard deduction amounts for each filing status.
| Filing Status | Amount |
|---|---|
| Single | $12,000 |
| Married filing jointly | $24,000 |
| Married filing separately | $12,000 |
| Head of household | $18,000 |
| Widowed | $24,000 |
New Mexico Payroll Taxes(2018)
Payroll taxes set at the state level, separate from federal FICA.
| Tax | Rate | Wage Cap |
|---|---|---|
| Unemployment Insurance Tax | 0% | No cap |
| New Mexico workers’ compensation fee | 100% | $8 |
New Mexico Tax Tables for Related Years
These related years are often reviewed together for comparing bracket changes, deductions and New Mexico updates:
Frequently Asked Questions
Does New Mexico tax rental income?
Yes—rental income from properties in New Mexico is subject to state income tax and must be reported on Schedule PIT-B.
What business taxes apply in New Mexico?
Businesses pay the Gross Receipts Tax (GRT) instead of a traditional sales tax. Rates vary by location.
Can I e-file my New Mexico return?
Yes—New Mexico supports e-filing through its TAP (Taxpayer Access Point) system and major tax software providers.
Can I deduct moving expenses on my NM return?
No—New Mexico conforms to federal rules, which currently limit moving expense deductions to active-duty military.
How are part-year residents taxed in New Mexico?
Part-year residents report all income earned during residency and NM-source income before or after residency using Schedule PIT-B.
Important Notes
All calculations are estimates for guidance only. Always review your return and consider professional advice when submitting official filings.