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  2. Taxation in New Mexico - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_New_Mexico

    Corporations that generate income from activities or sources in New Mexico and that are required to file federal income tax returns as corporations must pay corporate income tax to the state. [14] Corporate income is taxed at the rate of 4.8% for the first $500,000, 6.4% for the next $500,000 (up to total income of $1 million), and 7.6% for ...

  3. List of states that tax Social Security benefits - AOL

    www.aol.com/finance/list-states-tax-social...

    New Mexico state income tax rates range from 1.70 percent to 5.90 percent. For the 2022 tax year, most seniors in New Mexico will be exempt from Social Security taxes thanks to recent changes in ...

  4. Economy of New Mexico - Wikipedia

    en.wikipedia.org/wiki/Economy_of_New_Mexico

    Beginning in 2008, personal income tax rates for New Mexico range from 1.7% to 4.9%, within four income brackets. [42] Beginning in 2007, active-duty military salaries are exempt from the state income tax. [43] New Mexico imposes a gross receipts tax on businesses.

  5. Here’s the Income Tax in Every State - AOL

    www.aol.com/income-tax-every-state-130111174.html

    Arizona. Flat Income Tax Rate: 2.5% Standard Deduction (Single): $14,600 Standard Deduction (Couple): $29,200 Personal Exemption (Single): NA Personal Exemption (Couple): NA Personal Exemption ...

  6. Here’s the Salary Needed to Actually Take Home $100K ... - AOL

    www.aol.com/finance/salary-needed-actually-home...

    The salary needed in New Mexico to take home $100,000 is lower than in more than half of the states. That’s because New Mexico’s top state income tax rate is a relatively low 4.9%. New York ...

  7. State tax levels in the United States - Wikipedia

    en.wikipedia.org/wiki/State_tax_levels_in_the...

    State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table includes the per capita tax collected at the state level.

  8. States that tax Social Security benefits — including changes ...

    www.aol.com/finance/states-that-tax-social...

    The good news is that Montana residents over age 65 can take a new standard $5,500 deduction from their federal taxable income for the 2024 tax year. New Mexico. ... flat state income tax rate of ...

  9. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    New Mexico, individual and corporate, 1919, apparently abolished soon thereafter; ... State individual income tax rates & brackets (2021) [102] State Single filer

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