The New Mexico State Tax Calculator (NMS Tax Calculator) uses the latest Federal tax tables and State Tax tables for 2022/23. To estimate your tax return for 2022/23, please select the 2022 tax year.
You can quickly estimate your New Mexico State Tax and Federal Tax by selecting the tax year, your filing status, Gross Income and Gross Expenses, this is a great way to compare salaries in New Mexico and for quickly estimating your tax commitments in 2022. Alternatively, you can enter specific information into the Income, Expenses, Tax Status etc. tabs and produce a more detailed tax calculation for New Mexico including applying any additional local / County taxes which you may be subject to.
The New Mexico tax calculator is updated for the 2022/23 tax year. The NM Tax Calculator calculates Federal Taxes (where applicable), Medicare, Pensions Plans (FICA Etc.) allow for single, joint and head of household filing in NMS.
The New Mexico income tax calculator is designed to provide a salary example with salary deductions made in New Mexico. You can choose an alternate State Tax Calculator below:
How to use the tax calculator
Calculate your total tax due using the NM tax calculator (update to include the 2022/23 tax brackets). Deduct the amount of tax paid from the tax calculation to provide an example of your 2022/23 tax refund.
The New Mexico State Tax calculator is updated to include:
The following updates have been applied to the Tax calculator:
The New Mexico State tax calculator is as good as the feedback, your support, requests and bug catches help to improve the accuracy of the tax calculator for all.
This NM State Tax Calculator balances ease of use with transparency of salary calculation but is provided for example purposes only. Remember that you should always seek professional advice and audit your NM State and Federal tax returns.