New Mexico Tax Tables for 2017
The 2017 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 2017.
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New Mexico Tax Tables for 2017
The tables below outline the income tax structure, deduction amounts, state-level credits and payroll-related rules used for New Mexico in 2017. 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 (2017)
Marginal income tax brackets for Single filers in New Mexico for 2017. 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 (2017)
Marginal income tax brackets for Married filing jointly filers in New Mexico for 2017. 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 (2017)
Marginal income tax brackets for Married filing separately filers in New Mexico for 2017. 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 (2017)
Marginal income tax brackets for Head of household filers in New Mexico for 2017. 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 (2017)
Marginal income tax brackets for Widowed filers in New Mexico for 2017. 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(2017)
State-level standard deduction amounts for each filing status.
| Filing Status | Amount |
|---|---|
| Single | $6,350 |
| Married filing jointly | $12,700 |
| Married filing separately | $6,350 |
| Head of household | $9,350 |
| Widowed | $12,700 |
New Mexico Payroll Taxes(2017)
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 student loan interest payments deductible in New Mexico?
Yes—student loan interest is deductible following federal limits, reducing your taxable income.
Where can I model my federal and state withholding?
Use the FICA Calculator or Form 941 Calculator for payroll projections.
Are 529 plan contributions deductible in New Mexico?
Yes—contributions to the The Education Plan (NM 529) are deductible from New Mexico taxable income with no annual limit.
What is the filing deadline for New Mexico taxes?
The filing deadline is April 15, the same as the federal deadline. Extensions can be requested using Form RPD-41096.
Are health insurance premiums deductible in NM?
Yes—premiums are deductible following federal limits for self-employed individuals.
Important Notes
All calculations are estimates for guidance only. Always review your return and consider professional advice when submitting official filings.