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New Mexico State Tax Information


Looking for New Mexico state tax information? We provide the latest resources on state tax, unemployment, income tax and more.

New Mexico New Mexico Taxation and Revenue Department

New Mexico Department of Workforce Solutions

Withholding Requirements:

  • Register as employer by filing Form ES 802 (Status Report)
  • Employee's Withholding Allowance Certificate - Federal W-4
  • Withholding Method = formula
  • Supplemental Rate = Withhold as for federal; withhold at 4.9% if flat rate for federal.

Local Taxes:

none

State Unemployment Insurance (SUI):

Wage base is $23,400 for 2014
Rates range from 0.03% to 5.40%
New employers use 2.00% for 2014

State Disability Insurance (SDI):

Report quarterly wages and contributions by filing
Form-WC-1 (Workers' Compensation Personnel
Assessment) by last day of month following end of quarter:
New Mexico Department of Taxation and Revenue
CRS-WC
P.O. Box 2527
Santa Fe, NM 87504-2527
505-827-0833

$2 per employee per quarter. (employer)
[$2.30 per employer eff quarter ending Sept 30.]
$2 per quarter (employee)

State Labor Laws:

Minimum Wage - $7.50

Termination Pay - Fired - 5 days. Quit - next regular payday.

New Hire Reporting

Employers must report hiring, rehiring, and return
to work within 20 days on Form W-4 (or equivalent) to:
New Mexico New Hires Directory
PO Box 29480
Santa Fe, NM 87592-9480
Phone: 888-878-1614
Fax: 505-827-7285

To report online click here

Remit Withholding for Child Support to:

State Disbursement Unit
PO Box 25109
Santa Fe, NM 87504
800-288-7207

To report online click here

Reciprocal states:

none

For paycheck calculation visit the New Mexico Paycheck Calculator of PaycheckCity.

Payroll-Taxes.com is a free online resource featuring a compilation of research, collaboration and web tools for use by payroll professionals and more including information about New Mexico state tax, articles, federal tax information and state tax information.


 
TAX TIDBIT... To correctly calculate withholding near wage base limits, enter your Gross Salary Year-to-date. It's important for an accurate calculation and is usually found on your last pay stub.