New Mexico Department of Revenue, New Mexico Tax

we're just not annoying®


Order Online

New Mexico Business Corporate Tax, New Mexico Personal Income Tax, New Mexico Sales Tax Rates

What is the New Mexico Corporate net income tax rate(s)?

0-500,000 4.8%
500,000- 1 million 6.4%
1 million + 7.6%

There is a minimum franchise tax due of $50.

What is the New Mexico personal net income tax rate(s)?

0-5,500 1.7%
5,500-11,000 3.2%
11,000-16,000 4.7%
16,000 + 4.9%

What is the average New Mexico sales tax rate(s)?

6.4% The state has a 5% tax, but the average local tax is 1.4% making a total of 6.4%

Are there standard deductions?

Single:  $5,450
Joint:  $10,900

Are there personal exemptions?

Single:  $3,500
Dependants:  $3,500

What forms do you file for your New Mexico taxes?

C corporations:   Form CIT-1
S corporations:  Form PTE-1
Partnerships:  Form PTE-1
Individual:  Form PIT-1

Estimated tax payments?

Form PIT-ES for personal returns. New Mexico follows the IRS standards for estimated payments. If you will owe $500 or more in tax, personally for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won't make as much in the current year.

New Mexico Department of Revenue:

State of New Mexico Taxation and Revenue
1100 South St. Francis Dr. P.O. Box 630
Santa Fe , NM 87504-0630
Telephone: 505-827-0700

If you use Northwest Registered Agent as your registered agent, you'll have an online account to track your company in, receive notification reminders to file your annual reports on time, annual tax reminders, and new State information reminders. All for a low annual flat rate fee of $125 a year. We also help incorporate new New Mexico businesses for only $100.

Northwest Registered Agent, Inc.
Agent#  4054359
Santa Fe, NM 87505
Santa Fe County

Signup for Registered Agent Service
Registered Agent
Incorporation Service Signup
Detailed step by step information on how to incorporate or register your business in:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana Incorporation, Iowa Incorporation, Kansas Incorporation, Kentucky Incorporation, Louisiana Incorporation, Maine Incorporation, Maryland Incorporation, Massachusetts Incorporation, Michigan Incorporation, Minnesota Incorporation, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.

Why Choose Us?

1998 -  Copyright © Northwest Registered Agent, LLC. All Rights Reserved
No duplication of this site, or content therein, is permitted without prior express written authorization.