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    How to Calculate 2016 New Mexico State Income Tax by Using State Income Tax Table

    1. Find your income exemptions

    2. Find your pretax deductions, including 401K, flexible account contributions ...

    3. Find your gross income

    4. Check the 2016 New Mexico state tax rate and the rules to calculate state income tax

    5. Calculate your state income tax step by step

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      New Mexico STATE TAX TABLES



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    2026 New Mexico State Tax Witholding Table
    2025 New Mexico State Tax Witholding Table
    2024 New Mexico State Tax Witholding Table
    2023 New Mexico State Tax Witholding Table
    2022 New Mexico State Tax Witholding Table
    (2021  2020  2019  2018  2017  )

    Tax rate used in calculating New Mexico state tax for year 2016

    State Abbreviation:

    		NM

    State Tax Withholding State Code:

    		35

    Acceptable Exemption Form:

    		None

    Basis For Withholding:

    		Federal Exemptions

    Acceptable Exemption Data:

    		None

    TSP Deferred:

    		Yes

    Special Coding:

    		None

    Additional Information:

    		A state tax certificate is not required since Federal exemptions are used in the computation of the state formula.


    Withholding Formula >(New Mexico Effective 2016)<
    1. Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.

    2. Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program and flexible spending account - health care and dependent care deductions) from the amount computed in step 1.

    3. Add the taxable biweekly fringe benefits (taxable life insurance, etc.) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.

    4. Multiply the adjusted gross biweekly wages times 26 to obtain the gross annual wages.

    5. Determine the exemption allowance by applying the following guideline and subtract this amount from the gross annual wages to compute the taxable income.

      Exemption Allowance =>$4,050< x Number of Exemptions

    6. Apply the taxable income computed in step 5 to the following table to determine the annual New Mexico tax withholding.

      7. Tax Withholding Table
      Single or Head of Household

      If the Amount of
      Taxable Income Is:

      The Amount of New Mexico Tax
      Withholding Should Be:


      Over:

      But Not
      Over:

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      Of Excess
      Over:

      $          0 $>  2,250 $        0 plus 0.0% $         0
           2,250       7,750           0 plus 1.7% >   2,250
           7,750    13,250      93.50 plus 3.2%     7,750
         13,250     18,250    269.50 plus 4.7%   13,250
         18,250 <  and over    504.50 plus 4.9%   18,250 <


      Married

      If the Amount of
      Taxable Income Is:

      The Amount of New Mexico Tax
      Withholding Should Be:


      Over:

      But Not
      Over:

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      Of Excess
      Over:

      $         0 $ > 8,550 $   0.00 plus 0% $         0
          8,550    16,550      0.00 plus 1.7% >  8,450
        16,550    24,550   136.00 plus 3.2%   16,550
        24,550    32,550   392.00 plus 4.7%   24,550
        32,550 <  and over   768.00 plus 4.9%  32,550 <

    7. Divide the annual New Mexico tax withholding by 26 to obtain the biweekly New Mexico tax withholding.