Home > State Tax > New Mexico

You are currently viewing New Mexico State Tax Calculator 2019/2020. Use the Tax Form Calculator to calculate your Federal and State Tax Return. Updated with 2019/2020 tax tables. You may also like our 2019 Tax Saving Tips.

New Mexico State Tax Calculator [ Federal & State ]
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*** Please Enter your New Mexico State Gross income.
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Tip: use the Advanced Tax Calculator to edit your refundable and non-refundable tax credits.

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The Federal tax rates have been updated to the 2017 forecast tax tables and the tax calculator now uses the 2017 tax tables as default. To calculator your 2019/2020 tax return, please select the 2019/2020 tax year. The tax calculator will continue to use the 2019/2020 State tax tables until confirmation of 2017 tax tables is published. If you have information on the 2017 State tax tables, please contact us and we will update accordingly.


New Mexico State Tax Calculator

The New Mexico tax calculator is updated for the 2019/20 tax year. This tax calculator performs as a standalone State Tax calculator for New Mexico, it does not take into account federal taxes, medicare decustions et al.

The New Mexico tax calculator is designed to provide a simple illlustration of the state income tax due in New Mexico, to view a comprehensive tax illustration which includes federal tax, medicare, state tax, standard/itemised deductions (and more), please use the main 2019/20 tax calculator.


Federal Tax Calculator

Calculating New Mexico State Tax in

How to use the tax calculator

  1. Enter your annual income.
  2. Press Calculate to see your New Mexico State tax and take home breakdown including Federal Tax deductions

How to use the advanced New Mexico State tax calculator

  1. Enter your New Mexico State income.
  2. Check the box - Advanced Federal Tax Calculator
  3. Confirm Number of Dependants
  4. Confirm Number of Children you claim Tax Credits for
  5. Select other relevant tax factors (Age related tax allowances, head of household tax allowance, tax-deferred retirement plan, cafeteria etc)
  6. Click Calculate to see your tax, medicare and take home breakdown - Federal Tax made Simple

Your Tax Status & Family
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Deduction and Local Tax Options
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Additional Tax Considerations
IRA and 401K Calculator
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1 Do not include yourself or your spouse.

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2019/2020 New Mexico State State Tax Refund Calculator

Calculate your total tax due using the tax calculator (update to include the 2019/2020 tax brackets). Deduct the amount of tax paid from the tax calculation to provide an illustration of your 2019/2020 tax refund.

The New Mexico State State Tax calculator is updated to include:

  1. the latest Federal tax rates for 2015-16 tax year as published by the IRS
  2. the latest State tax rates for 2019/2020 tax year and will be update to the 2020/2021 State Tax Tables once fully published as published by the various States.

Updates to the New Mexico State State Tax Calculator

The following updates have been applied to the Tax calculator:

  • Selectable Tax year
  • Tax calculations allow for Tax-Deferred Retirement Plan
  • Tax calculations allow for Cafeteria or other Pre-Tax Plans
  • Selectable Tax year
  • Updated to include 2019/2020 Federal tax rates
  • Updated to apply Medicare and Social Security deductions as Pre-Federal Tax calculation Thank you Justin Duel

The New Mexico State 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 New Mexico State State tax calculator aims to balance ease of use with transparency of tax calculation but is provided for illustration only. Remember that you should always seek professional advice and audit your State and Federal tax returns

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