New Mexico Tax Rates 2024. As amended, the corporate income tax will be imposed at a flat rate of 5.9% of taxable. A bill that would reduce personal income.
This page has the latest new mexico brackets and tax rates, plus a new mexico income tax calculator. Gross receipts location code and tax rate map.
5.13% 2024 New Mexico State Sales Tax.
Additional sales tax is then added on.
The New Mexico State Sales Tax Rate Is 5.13%, And The Average Nm Sales Tax After Local.
A bill that would reduce personal income.
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Current Rates Range From 1.7% On Taxable Income Under $4,000 For Individuals To 5.9% On Annual Income Over $157,000.
Review the latest income tax rates, thresholds and personal allowances in new mexico which are used to calculate salary after tax when factoring in social security.
Current Historic Tax Rates Overview.
The amendments discussed below first apply to the 2025 tax year.