United States · 2024

Massachusetts vs New Mexico Income Tax 2024

At a $100K salary, New Mexico is about $1,095 cheaper in 2024.

Enter your income to compare
Top rate
9%
Brackets
2
Std. deduction
State brackets
5%
Bracket 1
$0to$1,053,750
9%
Bracket 2
$1,053,750and up
Top rate
5.9%
Brackets
5
Std. deduction
$14,600
State brackets
1.7%
Bracket 1
$0to$5,500
3.2%
Bracket 2
$5,500to$11,000
4.7%
Bracket 3
$11,000to$16,000
4.9%
Bracket 4
$16,000to$210,000
5.9%
Bracket 5
$210,000and up

At common incomes, what's the tax difference?

Federal + state income tax after standard deductions, 2024. Excludes FICA.
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Income
Massachusetts tax
New Mexico tax
Difference
$50,000single filer
$6,51613.0% effective
$5,47110.9% effective
$1,045 lessin New Mexico
$100,000single filer
$18,84118.8% effective
$17,74617.7% effective
$1,095 lessin New Mexico
$200,000single filer
$47,53923.8% effective
$46,34423.2% effective
$1,195 lessin New Mexico

Federal income tax — same for both

7 brackets · 10–37% · applies on top of state rates
10%
to $11,600
12%
to $47,150
22%
to $100,525
24%
to $191,950
32%
to $243,725
35%
to $609,350
37%
$609,350+
MA
Massachusetts
Full 2024 breakdown9%
NM
New Mexico
Full 2024 breakdown5.9%