New Mexico may tax Social Security benefits as part of state taxable income. New Mexico is not on the list of states that fully exempt Social Security, so benefits can be included when calculating your New Mexico state tax.
New Mexico imposes a state income tax and does not appear on the list of states that fully exempt Social Security benefits. That means Social Security income can be included in New Mexico state taxable income, though eligibility, income thresholds, and partial exemptions vary — check the New Mexico Department of Revenue for how much of your benefit is taxable at your income level.
New Mexico may tax Social Security benefits as part of state taxable income. New Mexico is not on the list of states that fully exempt Social Security, so benefits can be included when calculating your New Mexico state tax.
Possibly. State treatment is separate from federal. Up to 85% of Social Security benefits can be taxable on your federal return depending on your combined income, regardless of how your state treats them.
Note: State treatment of Social Security for 2026 is an estimate from SAWD's tax engine. Confirm with the New Mexico Department of Revenue.
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