NM Tax Calculator 2020 | New Mexico Tax Calculator

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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.

The New Mexico State Tax Calculator (NMS Tax Calculator) uses the latest Federal tax tables and State Tax tables for 2020. To estimate your tax return for 2020/2021, please select the 2020/2021 tax year.

New Mexico State Tax Calculator ( Tax Calculator)

The New Mexico tax calculator is updated for the 2020/21 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:

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Calculating New Mexico State Tax in

How to use the tax calculator

  1. Enter your annual income in New Mexico State .
  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 NMS Income 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
Please select all that apply





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

2020/2021 New Mexico State State Tax Refund Calculator

Calculate your total tax due using the NM tax calculator (update to include the 2020/2021 tax brackets). Deduct the amount of tax paid from the tax calculation to provide an illustration of your 2020/2021 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 2020/2021 tax year and will be update to the 2021/2022 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:

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 NM State Tax Calculator balances ease of use with transparency of salary calculation but is provided for illustration purposes only. Remember that you should always seek professional advice and audit your NM State and Federal tax returns.