New Mexico has a graduated state individual income tax, with rates ranging from 1.70 percent to 5.90 percent.

What is New Mexico's personal income tax rate? New Mexico uses a graduated-rate table. You can locate the current and historic personal income tax rates here.

All NM Taxes · Overview · Corporate Income Tax Rates · Gross Receipts Tax Rates · Personal Income Tax Rates · Withholding Tax Rates · Current & Historic ...

1 янв. 2024 г. · Taxes in New Mexico · Income tax: 1.7% - 5.9% · Sales tax: 4.875% - 8.9375% · Property tax: 0.80% average effective rate · Gas tax: 17.00 cents ...

Personal income tax rates for New Mexico range from 1.7% to 4.9%, within four income brackets. The individual income tax rates are listed in the table below.

New Mexico has a graduated state individual income tax, with rates ranging from 1.70 percent to 5.90 percent.

New Mexico state tax: Overview. New Mexico has an income tax with a top rate of 5.9%, but the state waives your income taxes if you reach 100 years of age.

This is the total of state, county, and city sales tax rates. The New Mexico sales tax rate is currently 4.88%. The Albuquerque sales tax rate is 2.75%.

New Mexico's personal income tax system consists of four brackets and a top rate of 4.9% kicking in at an income level of $16,000. Among state levying personal ...