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See recommended tax software →How Much Tax Do Turo Hosts Pay in New Mexico?
New Mexico has a 5.9% state income tax rate. Turo hosts in New Mexico must make both federal and state quarterly estimated tax payments.
Car-sharing income is generally self-employment income subject to Schedule C reporting and self-employment tax. — IRS Self-Employed Tax Center
| Annual Net Income | SE Tax | State Tax | Federal Tax | Total Est. |
|---|---|---|---|---|
| $10,000 | $1,413 | $590 | $1,227 | $3,230 |
| $25,000 | $3,532 | $1,475 | $3,067 | $8,074 |
| $50,000 | $7,065 | $2,950 | $6,134 | $16,149 |
| $75,000 | $10,597 | $4,425 | $9,201 | $24,223 |
| $100,000 | $14,130 | $5,900 | $12,267 | $32,297 |
Top Turo Deductions in New Mexico
- Vehicle maintenance
- Insurance premiums
- Depreciation
- Car cleaning & detailing
- Parking costs
- Turo platform fees
- Phone (business use)
- Home office
FAQ — Turo Taxes in New Mexico 2026
Do Turo hosts pay taxes in New Mexico?
Yes. In New Mexico, Turo hosts pay 15.3% SE tax, federal income tax (10-37%), plus 5.9% New Mexico state income tax.
Do I need quarterly payments in New Mexico?
Yes. In New Mexico, make both federal (Form 1040-ES) and state quarterly estimated payments if you expect to owe $1,000 or more.
Does Turo take out taxes in New Mexico?
No. Turo does not withhold taxes. You pay all SE tax, federal income tax, and New Mexico state income tax yourself through quarterly estimated payments.
Turo Tax in Other States
AL
5.0%
AK
No Tax
AZ
2.5%
AR
4.7%
CA
9.3%
CO
4.4%
CT
6.5%
DE
6.6%
FL
No Tax
GA
5.5%
HI
11.0%
ID
5.8%
IL
5.0%
IN
3.0%
IA
5.7%
KS
5.7%
KY
4.5%
LA
3.0%
ME
7.5%
MD
5.8%
MA
5.0%
MI
4.3%
MN
9.8%
MS
4.7%
MO
4.8%
MT
5.9%
NE
6.6%
NV
No Tax
NH
No Tax
NJ
10.8%
NY
6.9%
NC
5.3%
ND
2.9%
OH
4.0%
OK
4.8%
OR
9.9%
PA
3.1%
RI
6.0%
SC
6.4%
SD
No Tax
TN
No Tax
TX
No Tax
UT
4.7%
VT
8.8%
VA
5.8%
WA
No Tax
WV
6.5%
WI
7.6%
WY
No Tax
DC
8.9%