State Reference · Tax Year 2026
New Mexico (NM)
Graduated up to 5.9%
New Mexico Taxation and Revenue Department · Main form: PIT-1 · Due April 15, 2027
Rates & brackets
Top rate5.9% >$210k single / >$315k MFJ
Standard deductionMatches federal
Filing logistics
Main formPIT-1
Filing dueApril 15, 2027
E-file portalTAP
AgencyNew Mexico Taxation and Revenue Department
Major credits
- NM Working Families Tax Credit (25% federal EITC)
- NM Child Income Tax Credit
- Low-Income Comprehensive Tax Rebate
Sales & property tax
Sales tax4.875% state + local Gross Receipts Tax (5%–9% total)
Property taxLocally assessed; head of family exemption
Preparer notes
- GRT applies to services and is imposed on the seller (usually passed through).
- Social Security exempt if AGI ≤ $100k single / $150k MFJ.
Related deduction & credit lessons
Deepen state-specific credit hunting with these lessons.