New Mexico 2025 Tax Brackets . Tax Brackets 2025 Married Filing Jointly Axel Porter Like the federal income tax, the New Mexico income tax is progressive, meaning the rate of taxation increases as taxable income increases Moreover, New Mexico also has a standard deduction that is $15,000 for single filers, and $30,000 for married filing jointly
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(old) New Mexico income tax structure and the one signed into law this year (new). Income tax tables and other tax information is sourced from the New Mexico Taxation and Revenue Department.
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