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:
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
$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
To report online click here.
New Mexico Remit Withholding for Child Support to:
State Disbursement Unit
P.O. Box 25109
Santa Fe, NM 87504
To report online click here
New Mexico Reciprocal states:
These free resources should not be taken as tax or legal advice. Content provided is intended as general information. Tax regulations and laws change and the impact of laws can vary. Consult a tax advisor, CPA or lawyer for guidance on your specific situation.