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General information only. Not tax advice.
Tax Disclaimer: General information only. Not tax advice.
This calculator provides general tax information for educational purposes and is not tax advice. Tax laws change and vary by jurisdiction and individual circumstances. Consult a qualified tax professional or CPA for advice on your specific situation.
Frequently Asked Questions
Does New Mexico tax capital gains?
Yes - New Mexico taxes capital gains as ordinary income at up to 5.9%.
What's the difference between short and long-term gains?
Assets held over a year get preferential long-term federal rates (0/15/20%); shorter holds are taxed as ordinary income.