New Mexico Income Tax Rates (2026) The quick answer: a graduated tax from 1.5% to 5.9% New Mexico uses a graduated (bracket-based) income tax, meaning your rate increases as your taxable income crosses each threshold below. Only the income within each bracket is taxed at that bracket’s rate — moving into a higher bracket doesn’t … Read more
Does New Mexico Tax Social Security? Short answer: yes, but many retirees pay nothing New Mexico taxes Social Security benefits, but its income thresholds for exemption are generous enough that most retirees don’t pay. Single filers with income up to $100,000 owe no state tax on Social Security; for joint filers, the threshold is $150,000. … Read more
Nicholas Bulgin is an entrepreneur and investor with hands-on experience across stocks, cryptocurrency, real estate, and emerging asset classes. He writes about the practical mechanics of building and managing wealth.