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Reviewed by our in-house tax team before publishing. Every figure is validated against:
Last reviewed: November 7, 2026
New Mexico estimated tax payments for 2026 are due April 15, June 15, September 15, 2026, and January 15, 2027, and the underpayment penalty applies once your 2026 New Mexico tax, minus credits and withholding, reaches $1,000. The first three dates have passed; the January 15, 2027 installment can still be paid free by e-check in the Taxation and Revenue Department's Taxpayer Access Point (TAP) or mailed with a PIT-ES voucher. The amount that keeps you penalty-free is the lesser of 90% of your 2026 tax or 100% of your 2025 tax.
Key takeaways:
Save this cheat sheet — New Mexico's 2026 numbers in one image.
New Mexico's Taxation and Revenue Department (TRD) collects estimated personal income tax in four installments on the federal calendar, per the PIT-ES instructions:
| Installment | Due date (postmark) | Status |
|---|---|---|
| 1 | April 15, 2026 | Passed |
| 2 | June 15, 2026 | Passed |
| 3 | September 15, 2026 | Passed |
| 4 | January 15, 2027 (a Friday) | Open |
A payment is on time when the postmark carries the due date; if that date is a Saturday, Sunday, or a state or national legal holiday, the next business day works. You can also pay the full year in one lump sum on April 15. Because the dates match federal Form 1040-ES, one reminder covers both, and our estimated tax due-dates page lists them side by side.
New Mexico gives the fourth installment an exit: if you file your 2026 PIT-1 and pay the full amount by January 31, 2027, no penalty applies to the January payment. The first three installments are still measured on their own dates.
For 2027 the calendar repeats: April 15, June 15, and September 15, 2027, then January 18, 2028, since January 15, 2028 is a Saturday and Monday the 17th is Martin Luther King Jr. Day, a national holiday.
Every individual who must file a New Mexico return must pay estimated tax, either through withholding or through PIT-ES payments, under Section 7-2-12.2 NMSA 1978. In practice the department only checks whether you made the required annual payment when the difference between the tax on your return and your withholding is $1,000 or more; below that, no penalty is computed. Tax here means net New Mexico income tax minus rebates and credits.
The people who typically cross $1,000 are freelancers and contractors without withholding, partners and S corporation owners, landlords, investors with capital gains, and retirees whose pensions or IRA withdrawals have no New Mexico tax withheld. Full-year residents, part-year residents, nonresidents with New Mexico income, and anyone physically present in the state for 185 days are all in scope.
Two groups are out. First-year residents are not subject to the estimated payment requirement in their first year of residency, regardless of the date they moved, per TRD's FYI-320. And a full-year resident whose previous 12-month tax year showed zero New Mexico tax owes no penalty for 2026. A consultant who relocated to Santa Fe in March 2026 can skip the vouchers this year and plan for 2027 instead.
New Mexico taxes 2026 income in six brackets. TRD's FYI-104 withholding guide, effective January 1, 2026, builds its tables on these brackets of taxable income:
| Rate | Single | Married filing jointly, head of household |
|---|---|---|
| 1.5% | $0 – $5,500 | $0 – $8,000 |
| 3.2% | $5,500 – $16,500 | $8,000 – $25,000 |
| 4.3% | $16,500 – $33,500 | $25,000 – $50,000 |
| 4.7% | $33,500 – $66,500 | $50,000 – $100,000 |
| 4.9% | $66,500 – $210,000 | $100,000 – $315,000 |
| 5.9% | Over $210,000 | Over $315,000 |
New Mexico taxable income starts from federal adjusted gross income and subtracts the federal standard deduction you claimed ($16,100 single for 2026), plus state deductions such as the low- and middle-income exemption, available only up to $36,667 of federal AGI for single filers and $55,000 joint. For 2027, TRD's 2026 legislative summary shows no personal income tax rate change, only new credits starting with tax year 2027, such as a $10,000 credit for qualifying physicians.
Joaquin, a freelance software developer in Albuquerque, files single and expects $82,100 of 2026 federal AGI after the deductible half of self-employment tax:
| Step | Amount |
|---|---|
| Federal adjusted gross income | $82,100 |
| Federal standard deduction | −$16,100 |
| New Mexico taxable income | $66,000 |
| 1.5% × $5,500 + 3.2% × $11,000 + 4.3% × $17,000 | $1,165.50 |
| 4.7% × ($66,000 − $33,500) | $1,527.50 |
| 2026 New Mexico tax | $2,693 |
Your own figures, with federal income tax and self-employment tax added, run through the New Mexico quarterly tax calculator.
The required annual payment is the lesser of two amounts, paid through withholding and timely estimates:
| Option | Required total | Catch |
|---|---|---|
| Current year | 90% of your 2026 tax after rebates and credits | Measured against the tax on your return |
| Prior year | 100% of your 2025 tax | Only if you filed a full 12-month New Mexico return for 2025 |
New Mexico has no 110% step-up, at any income. Joaquin's 2025 New Mexico tax was $2,600. His options are 90% × $2,693 = $2,423.70 or 100% × $2,600 = $2,600, so the current-year figure is the smaller target: four installments of $606 (vouchers take whole dollars). He pays the remaining $269 with his PIT-1 in April with no penalty, as long as his 2026 tax lands where he projected. For comparison, Colorado's estimated tax rules, just north, accept 70% of the current year.
Interactive
How much should each PIT-ES payment be?
Enter your expected 2026 New Mexico taxable income (PIT-1 line 17), filing status, New Mexico withholding, and your 2025 New Mexico tax. The lesser of 90% of 2026 tax or 100% of 2025 tax sets the four payments.
Federal AGI minus the federal standard deduction and NM deductions.
W-2, pension, or pass-through entity withholding.
Tax after rebates and credits on your 2025 PIT-1.
Each of your four installments
$606
Set by 90% of your 2026 tax. It holds only if your final 2026 tax comes in where you expect.
2025 PIT-ES instructions and TRD's FYI-104 (2026 brackets). Ignores credits and rebates; married filing separately is not modeled. No penalty when 2026 tax minus withholding is under $1,000, for first-year residents, or for full-year residents with zero 2025 tax. Penalty shown at the 7% IRC rate for July to December 2026, assumed to hold into January 2027.
Add federal and self-employment taxThe fastest route is TAP, the Taxpayer Access Point. Without an account, open the Payments tile, choose Make a Payment, enter your identifying information and the 2026 filing period, and select Estimated Payment as the type. With an account, sign in and pay from there. An electronic check is free; credit cards carry a convenience fee.
To pay by mail, fill out the PIT-ES voucher with the tax year 2026 and the quarter, enter the amount in whole dollars, and send it with a check or money order payable to the New Mexico Taxation and Revenue Department to:
NM Taxation and Revenue Dept. P.O. Box 8390 Santa Fe, NM 87504-8390
Write your Social Security number, "PIT-ES," and the tax year on the check, use blue or black ink, and do not combine the estimate with any other payment in the same envelope. Joint filers list both Social Security numbers in the order they will appear on the return. TRD stresses the tax year for a reason: a January 2027 payment marked 2027 risks being applied to next year's estimates.
New Mexico calculates its estimated tax penalty as interest, at the rate the Internal Revenue Code sets for individual underpayments, on a daily basis: underpayment × daily rate × days late. TRD's interest-rate table lists 7% for July 1 through December 31, 2026 (0.019178% a day) and 6% for April through June 2026. The charge runs from each due date until you pay or April 15, 2027, whichever is first, and the PIT-ES instructions note it can exceed the 20% cap that applies to other underpayment penalties. The IRS charges the same 7% rate on the federal side through Form 2210.
Suppose Joaquin skipped his $606 September 15 payment:
| Catch-up date | Days late | Math at 7% | Penalty |
|---|---|---|---|
| January 15, 2027 | 122 | $606 × 7% × 122 ÷ 365 | $14 |
| April 15, 2027, with his return | 212 | $606 × 7% × 212 ÷ 365 | $25 |
Paying nothing all year and sending $1,818 for the three missed quarters on January 15, 2027 would cost about $71. Both 2027 figures assume the 7% rate continues; the IRS sets the January to March 2027 rate in late 2026. You do not compute any of this yourself: TRD checks the required annual payment when your balance is $1,000 or more and sends an assessment, and you file RPD-41272 only when an exception method lowers the amount.
New Mexico has no city or county income tax, but it does have gross receipts tax, which applies to receipts from performing services in New Mexico, per TRD's gross receipts overview. A freelancer like Joaquin can owe both: income tax through PIT-ES and gross receipts tax on the TRD-41413 return. Paying one never covers the other. A pattern I see often while building Jupid: freelancers plan for income tax and treat every other state tax as an afterthought, and in New Mexico that afterthought has its own return.
Partnerships and S corporations with New Mexico owners must withhold 5.9% from each owner's allocable share, or pay composite or entity-level tax for them, per the PIT-1 instructions. You claim that amount as tax withheld or paid by a pass-through entity, and New Mexico treats withholding as paid in equal amounts on each due date unless you show the actual dates on RPD-41272.
Social Security benefits are exempt when adjusted gross income is $100,000 or less for single filers, $75,000 married filing separately, or $150,000 joint and head of household, per the PIT-ADJ instructions. Above those lines, benefits become taxable and a retiree with no withholding can cross $1,000 quickly.
New Mexico's 90% option only works if you know your 2026 profit before you file, and a freelancer juggling income tax and gross receipts tax rarely has that number in December. Jupid connects to your business bank account and categorizes every transaction with 95.9% accuracy, so year-to-date income and expenses are ready when the January 15 payment comes due. Ask the AI accountant in WhatsApp or iMessage what you have earned in 2026 and the answer comes back in real time in the chat. Try Jupid.
This guide is for general educational purposes and does not constitute tax, legal, or accounting advice. It reflects the PIT-ES instructions, FYI-320, FYI-104, and TRD guidance as reviewed 2026-10-29; New Mexico's penalty rate follows the federal rate and changes quarterly. For advice specific to your situation, consult a qualified tax professional or the New Mexico Taxation and Revenue Department at tax.newmexico.gov.
CEO & Co-Founder
Fintech CEO with 10+ years building accounting and financial technology products. Previously co-founded and scaled an AI-powered accounting platform to $30M revenue and 100K+ business users, achieving 30,000 customers per accountant through automation — recognized by CNBC as a top fintech company. Holds a Master's in Management Information Systems. At Jupid, he leads the development of AI-native bookkeeping, tax, and compliance tools designed for freelancers and small business owners.
Wisconsin estimated tax payments 2026: Form 1-ES due dates, the $500 trigger, 90%/100% safe harbor, the ES Lookup tool, 2026 rates, and 12% Schedule U interest.
Maine estimated tax payments 2026: 1040ES-ME due dates, the two-part $1,000 trigger, 90%/100% safe harbor, the new 2% surcharge, and the 9% penalty rate.
Oklahoma estimated tax payments 2026: OW-8-ES due dates, the $500 trigger, a 70%/100% safe harbor, the new 4.5% top rate, and 20% underpayment interest.
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