All About 2015 New Mexico Taxes

Looking for New Mexico state tax information? We provide the latest resources on state tax, unemployment, income tax and more.
New Mexico Taxation and Revenue Department
New Mexico Department of Workforce Solutions

New Mexico 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.

New Mexico Local Taxes:

none

New Mexico State Unemployment Insurance (SUI):

Wage base is $23,400 for 2015 and $24,100 for 2016
Rates range from 0.33% to 5.40% for 2016
New employers use 2.00% for 2015

New Mexico State Disability Insurance (SDI):

Report quarterly wages and contributions by filingForm-WC-1 (Workers' Compensation PersonnelAssessment) by last day of month following end of quarter:New Mexico Department of Taxation and RevenueCRS-WC
P.O. Box 2527Santa Fe, NM 87504-2527
Phone: 505-827-0833

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

New Mexico State Labor Laws:

Minimum Wage - $7.50
Termination Pay - Fired - 5 days. Quit - next regular payday.

New Mexico 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
P.O. Box 29480
Santa Fe, NM 87592-9480
Phone: 888-878-1614
Fax: 505-827-7285
To report online click here.

New Mexico Remit Withholding for Child Support to:

State Disbursement Unit
P.O. Box 25109
Santa Fe, NM 87504
Phone: 800-288-7207
To report online click here

New Mexico Reciprocal states:

none