{"place":"Albuquerque, NM","kind":"city","asOf":"2026-10-07","url":"https://gigaverse.ai/local/albuquerque-nm","state":{"code":"NM","name":"New Mexico","slug":"new-mexico","incomeTax":{"type":"progressive","flatRate2026":null,"lowestRate2026":1.5,"topRate2026":5.9,"topRateStartsSingle":210000,"notes":"Single brackets: 1.5% to $5,500; 3.2% to $16,500; 4.3% to $33,500; 4.7% to $66,500; 4.9% to $210,000; 5.9% above $210,000. This six-bracket table has applied since January 1, 2025. The Taxation and Revenue Department's January 27, 2026 bill analysis lists it as the current table. We found no 2026 rate change.","source":"https://www.nmlegis.gov/Sessions/26%20Regular/AgencyAnalysis/HB0093_333.pdf"},"estimatedTax":{"form":"PIT-ES","rule":"Anyone who must file a New Mexico return has to pay estimated tax. TRD computes an underpayment penalty when the tax on the return exceeds estimated payments plus withholding by more than $1,000. The required annual payment is the lesser of 90% of current-year tax or 100% of prior-year tax.","schedule":"Same dates as federal (April 15, June 15, September 15, January 15).","source":"https://www.tax.newmexico.gov/individuals/estimated-payments/"},"minimumWage2026":{"standard":12,"tippedCash":3,"tipCreditAllowed":true,"notes":"The state rate has been $12.00 (tipped cash wage $3.00) since January 1, 2023. Albuquerque, Bernalillo County, Las Cruces, Santa Fe city, and Santa Fe County have their own minimum wage ordinances, and the state enforces the highest applicable rate. Albuquerque's 2026 city rate ($11.85) is below the state rate, so $12.00 applies there, but its 2026 tipped cash wage is $7.20 (https://www.cabq.gov/legal/albuquerque-minimum-wage-information).","source":"https://www.dws.nm.gov/Minimum-Wage-Information"},"soleProprietorTaxes":[{"name":"New Mexico gross receipts tax (GRT)","summary":"GRT applies to receipts from selling property and performing services in New Mexico, including a freelancer's or independent contractor's fees, with no deduction for business expenses. The state portion has been 4.875% since July 1, 2023, plus county and city rates. The combined rate depends on location and is usually passed on to customers.","source":"https://www.tax.newmexico.gov/wp-content/uploads/2023/08/July-2023_GRT-Filers-Kit.pdf"}],"contractorLaws":[{"name":"Independent contractor pay is subject to GRT (TRD classification rule)","summary":"TRD treats pay received by independent contractors as subject to gross receipts tax unless an exemption or deduction applies, while employee wages are exempt. TRD accepts the IRS determination of whether a worker is an employee or an independent contractor.","source":"https://www.tax.newmexico.gov/individuals/personal-income-tax-information-overview/independent-contractors-vs-employees"}],"notes":"Gig workers and freelancers in New Mexico usually owe both personal income tax and GRT on their service receipts. We found no TRD announcement of a state GRT rate change after the July 1, 2023 cut to 4.875%."},"stateRetirementProgram":{"state":"New Mexico","code":"NM","programName":"New Mexico Work and $ave","status":"enacted-not-launched","employerMandate":null,"mandateMin":null,"keyDates":"House Bill 44 enacted 2020 with a statutory implementation date of on or before July 1, 2024, which was missed. Launch is postponed indefinitely; 2026 legislation to move the program out of the Treasurer’s Office stalled.","covers1099":false,"selfEnroll":"yes","sourceUrl":"https://www.nmsto.gov/work-and-save","note":"Voluntary for both employers and employees — no mandate. The enabling act is unusual in explicitly covering the self-employed, but with the program on indefinite hold nobody is covered in practice.","lastVerified":"2026-09-09"},"city":{"slug":"albuquerque-nm","name":"Albuquerque","stateCode":"NM","county":"Bernalillo County","population":556588,"populationYear":2025,"localIncomeTax":{"applies":false,"note":"New Mexico is not among the states where cities or counties levy income or payroll taxes.","source":"https://taxfoundation.org/data/all/state/state-income-tax-rates-2026"},"localBusinessTaxes":[{"name":"New Mexico Gross Receipts Tax (Albuquerque location rate)","summary":"New Mexico's gross receipts tax applies to receipts from performing services in the state, so it generally reaches 1099 freelance and gig income. The combined rate at Albuquerque locations (code 02-100) is 7.625% for July 1, 2026 through June 30, 2027, unchanged from the first half of 2026; the state's own share was 4.875% in TRD's Jan.-June 2026 schedule.","source":"https://www.tax.newmexico.gov/businesses/gross-receipts-overview","rateSource":"https://services5.arcgis.com/f4lpEvI6fkgVYigk/arcgis/rest/services/New_Mexico_gross_receipts_tax_July_2026_June_2027_pub_WM/FeatureServer/2"}],"businessLicense":{"required":true,"summary":"Yes: home-based businesses must get a City of Albuquerque Business License (it replaced the old Business Registration starting Jan. 1, 2025) and pass zoning review. The license fee is $36.75 per year as of July 1, 2026, plus a Fire Marshal inspection fee based on business size.","source":"https://www.cabq.gov/planning/planning-faqs/business-registration-faqs"},"gigLaws":[],"notes":"The July 2026-June 2027 rate (7.625% for location code 02-100) comes from the Taxation and Revenue Department's own GIS rate layer, published by an NMTRD account. TRD's Jan.-June 2026 rate schedule PDF also lists 7.625% and a 4.875% state rate (https://klvg4oyd4j.execute-api.us-west-2.amazonaws.com/prod/PublicFiles/34821a9573ca43e7b06dfad20f5183fd/856bdcf9-8451-40df-b807-c03fa32f9941/January%201,%202026%20-%20June%2030%202026%20GRT_CMP%20Rate%20Schedule%20Update.pdf). TRD says that starting July 1, 2025, local GRT rates change only in July. The July 2026 schedule PDF itself was not found. GRT is a state-administered tax with local add-ons, not a city-only tax. The business license fee was $35 before July 1, 2026, and a separate Fire Marshal inspection fee ($35-$400, depending on business size) also applies. No city gig-worker ordinance was found.","populationSource":"https://www2.census.gov/programs-surveys/popest/datasets/2020-2025/cities/totals/sub-est2025.csv"},"guides":[{"audience":"consultants","url":"https://gigaverse.ai/local/albuquerque-nm/consultants"},{"audience":"freelancers","url":"https://gigaverse.ai/local/albuquerque-nm/freelancers"},{"audience":"content-creators","url":"https://gigaverse.ai/local/albuquerque-nm/content-creators"},{"audience":"entrepreneurs","url":"https://gigaverse.ai/local/albuquerque-nm/entrepreneurs"},{"audience":"gig-workers","url":"https://gigaverse.ai/local/albuquerque-nm/gig-workers"},{"audience":"tipped-workers","url":"https://gigaverse.ai/local/albuquerque-nm/tipped-workers"},{"audience":"tradespeople","url":"https://gigaverse.ai/local/albuquerque-nm/tradespeople"}],"disclaimer":"Educational information for 2026, not tax, legal or investment advice. Sources are cited per fact."}