New Mexico Income Tax Brackets (Tax Year 2003)
ARCHIVES
| Tax Bracket | Tax Rate |
|---|---|
| $0.00+ | 1.7% |
| $5,500.00+ | 3.2% |
| $11,000.00+ | 4.7% |
| $16,000.00+ | 6% |
| $26,000.00+ | 7.1% |
| $42,000.00+ | 7.7% |
This page shows Tax-Brackets.org's archived New Mexico tax brackets for tax year 2003. This means that these brackets applied to all income earned in 2003, and the tax return that uses these tax rates was due in April 2004.
Both New Mexico's tax brackets and the associated tax rates were last changed one year prior to 2004 in 2003.
The latest available tax rates are for 2023, and the New Mexico income tax brackets have been changed since 2003.
2004 New Mexico Tax Deduction Amounts
Tax-Brackets.org also maintains an archive of important New Mexico income tax exemption amounts, including the New Mexico Standard Deduction, the New Mexico Personal Exemption, and the New Mexico Dependent Deduction. The values of these deductions for tax year 2003 are as follows:
| Standard Deduction (Single) | Standard Deduction (MFJ) | Personal Exemption | Dependant Exemption |
|---|---|---|---|
| $4,750.00 | $9,500.00 | $3,100.00 | $3,100.00 |
Sources & Citations
Disclaimer: While we do our best to keep our historical New Mexico income tax rates up to date and complete, we cannot be held liable for errors or omissions. Is info on this page missing or out-of-date? Please let us know so we can fix it!
Tax Data Sources:
- The New Mexico tax brackets on this page sourced from the New Mexico Department of Revenue for 2004. Please contact us if any of our New Mexico tax data is incorrect or out of date.