Take-home pay in New Mexico by business structure

At $100,000 of profit, an owner in New Mexico keeps $79,302 as an LLC taxed as an S corp and $74,412 as a sole proprietor, after 2026 taxes and fees. Change the profit to see your own numbers.

$79,302 a year

kept from $100,000 of profit as an LLC taxed as an S corp in New Mexico, after every tax and fee counted here. That is $9,338 more than as a C corporation.

New Mexico, 2026: $100,000 profit, single filer

Structure	Taxes and fees	You keep	Share
Sole proprietorship	$25,588	$74,412	74%
Single-member LLC	$25,588	$74,412	74%
LLC taxed as an S corp most	$20,698	$79,302	79%
S corporation	$20,709	$79,291	79%
C corporation	$30,036	$69,964	70%

What New Mexico takes from a business owner

New Mexico taxes personal income in 6 brackets, from 1.5% to 5.9% (2026, single filer).realfile.tax.newmexico.gov, checked Oct 20, 2026
An LLC pays the state no yearly report feesos.nm.gov, checked Oct 20, 2026.
New Mexico corporate franchise tax applies to LLC as S corp, S corp, C corptax.newmexico.gov, checked Oct 20, 2026.
An S corp in New Mexico can elect to pay the state's income tax itself, a pass-through entity tax of 5.9%, and the owner gets a credit for it. The company deducts it on the federal return, so it is not held to the SALT cap. The calculator uses it when it lowers the totaltax.newmexico.gov.
An S corp owner on payroll pays New Mexico unemployment tax at 1% on the first $34,800 of salary in the first yearoui.doleta.gov, checked Oct 20, 2026.

What you keep at each profit

Profit	Sole prop	LLC	LLC as S corp	S corp	C corp
$50,000	$39,237	$39,237	$39,408	$39,395	$36,846
$100,000	$74,412	$74,412	$79,302	$79,291	$69,964
$150,000	$106,893	$106,893	$114,736	$114,725	$99,011
$250,000	$173,354	$173,354	$183,838	$183,827	$158,761
$500,000	$307,808	$307,808	$336,342	$336,333	$300,338

Single filer, no other income, revenue 1.5 times profit, the default salary for S and C corps. The most kept at each profit is green.

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