New Mexico 2025 Tax Rates
2025 New Mexico Taxes
Employee Withholding Requirements
Withholding Method
: Formula- Annual allowances: none
Supplemental Wage / Bonus Rate
: 5.9% for 2025- Register as an employer on the New Mexico Taxation and Revenue website
Employee's Withholding Tax Exemption Certificate
: Federal Form W-4- New Mexico does not have their own withholding form. The state continues to use federal form W-4 for state income tax withholding
New Mexico State Unemployment Insurance (SUI)
New Mexico Wage Base
: $33,200 for 2025- Get your unemployment insurance rate: New Mexico UI agency website
New Mexico State Disability Insurance (SDI)
- None
New Mexico Family Leave Insurance (FLI)
- None
New Mexico Local Taxes
- None
New Mexico Minimum Wage
New Mexico Minimum Wage
: $12.00 per hour, since 2023
New Mexico State Labor Laws
New Mexico Termination Pay
:- Employee is fired — pay within 5 days. Task, piece, and commission must be paid within 10 days
- Employee quits — pay next regular payday
New Mexico New Hire Reporting
- New Mexico New Hires Directory
PO Box 29480
Santa Fe, NM 87592-9480 - Phone: 888-878-1614
- Fax: 505-827-7285
Remit Withholding for Child Support to
- State Disbursement Unit
PO Box 25109
Santa Fe, NM 87504 - Phone: 800-288-7207
New Mexico Reciprocal States
- None
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.