New Mexico Tax Tables for 2021
The 2021 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 2021.
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New Mexico Tax Tables for 2021
The tables below outline the income tax structure, deduction amounts, state-level credits and payroll-related rules used for New Mexico in 2021. 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 (2021)
Marginal income tax brackets for Single filers in New Mexico for 2021. 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 to $ 210,000.00 | 4.9% |
| 5 | $ 210,000.00 and over | 5.9% |
Married filing jointly – Progressive Tax Brackets (2021)
Marginal income tax brackets for Married filing jointly filers in New Mexico for 2021. 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 to $ 315,000.00 | 4.9% |
| 5 | $ 315,000.00 and over | 5.9% |
Married filing separately – Progressive Tax Brackets (2021)
Marginal income tax brackets for Married filing separately filers in New Mexico for 2021. 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 to $ 157,500.00 | 4.9% |
| 5 | $ 157,500.00 and over | 5.9% |
Head of household – Progressive Tax Brackets (2021)
Marginal income tax brackets for Head of household filers in New Mexico for 2021. 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 to $ 315,000.00 | 4.9% |
| 5 | $ 315,000.00 and over | 5.9% |
Widowed – Progressive Tax Brackets (2021)
Marginal income tax brackets for Widowed filers in New Mexico for 2021. 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 to $ 315,000.00 | 4.9% |
| 5 | $ 315,000.00 and over | 5.9% |
New Mexico Standard Deduction(2021)
State-level standard deduction amounts for each filing status.
| Filing Status | Amount |
|---|---|
| Single | $12,550 |
| Married filing jointly | $25,100 |
| Married filing separately | $12,550 |
| Head of household | $18,800 |
| Widowed | $25,100 |
New Mexico Payroll Taxes(2021)
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
Are military retirement benefits taxed in New Mexico?
No—New Mexico has phased in a military retirement exemption, allowing most or all benefits to be excluded by 2021.
Does New Mexico tax interest and dividends?
Yes—these are taxed as ordinary income with no special rate reductions.
Does New Mexico tax out-of-state income?
Yes—residents must report all worldwide income, but credits are given for taxes paid to other states.
Are alimony payments deductible or taxable?
New Mexico follows federal post-2019 rules—alimony is no longer deductible by the payer nor taxable to the recipient.
Are federal taxes deductible on my NM return?
No—federal income tax payments cannot be deducted on New Mexico returns.
Important Notes
All calculations are estimates for guidance only. Always review your return and consider professional advice when submitting official filings.