How much is the quarterly tax for freelancers in New Mexico?

Freelancers in New Mexico pay federal self-employment tax (15.3% on net self-employment income), federal income tax based on their bracket, and 5.90% New Mexico state income tax. Use the calculator above to get your specific estimate.

When are quarterly taxes due in New Mexico?

New Mexico generally follows the federal quarterly estimated tax schedule: April 15, June 17, September 16, and January 15 of the following year.

State Tax: 5.90%

New Mexico Quarterly Tax Calculator 2026

New Mexico has a top income tax rate of 5.9%. Quarterly estimated payments required if you expect to owe $1,000 or more.

Quick Answer

Freelancers in New Mexico pay federal self-employment tax (15.3% on net income), federal income tax, and 5.90% New Mexico state income tax. Use the calculator below to estimate your quarterly payment.

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Tax Information Notice

This content is for informational and educational purposes only. It does not constitute tax, legal, or financial advice. Tax laws change frequently. Always consult a qualified CPA or Enrolled Agent for your specific situation.

Tax Information Notice