New Mexico — Married Filing Jointly Tax Brackets
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What is the Married Filing Jointly Income Tax Filing Type?
Married Filing Jointly is the filing type used by taxpayers who are legally married (including common law marriage) and file a combined joint income tax return rather than two individual income tax returns.
Filing jointly has many tax benefits, as the IRS and many states effectively double the width of most MFJ brackets when compared to the Single tax bracket at the same tax rate level. This means that in most cases, you will pay less income tax overall by filing jointly. In many states, married couples who choose to file separately are subject to additional restrictions.Back to New Mexico Income Tax Brackets Page