Tax Rates 2024 New Mexico . Because of these varying local rates,. 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.
New mexico levies a progressive state income tax ranging from 1.7% to 5.9%. New mexico’s 2024 income tax ranges from 1.7% to 5.9%.
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New Mexico Gross Receipts Tax Rates 2024 Josy Rozina , Your average tax rate is 10.94% and your marginal tax rate is 22%.
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