New Mexico Taxation and Revenue Department FYI-104 FOR YOUR NFORMATIONI Tax Information/Policy Office P.O. Box 630 Santa Fe, New Mexico 87504-0630 NEW MEXICO WITHHOLDING TAX Effective January 1, 2022 Please note: There are no longer adjustments made to New Mexico withholding due to the number of allowances taken on pre-2020 Federal Form W-4. However, employees should continue to use the correct number of withholding allowances if using pre-2020 Federal Form W-4. Employees may continue to use any Federal Form W-4 for New Mexico withholding but the New Mexico state withholding tables found in this publication should be used. This publication contains general information on the New Mexico withholding tax and tax tables for the percentage method of withholding. Taxpayers should be aware that subsequent legislation, regulations, court decisions, revenue rulings, notices and announcements may affect the accuracy of its contents. For more information, please contact the nearest tax district field office or check the department’s web site at www.tax.newmexico.gov. CONTENTS General Information For New Mexico Withholding Tax ................................................ 2 Changes to forms beginning 2020 .............................................................................. 2 Who Must Withhold ..................................................................................................... 2 Amount To Withhold .................................................................................................... 2 How To Use The Withholding Tax Tables ................................................................... 2 How To Report And Pay Withholding Taxes ............................................................... 3 Additional Withholding Amounts .................................................................................. 3 Withholding On Gambling Winnings............................................................................ 3 Annual Withholding Statements ................................................................................ 3 Annual Reconciliation .................................................................................................. 4 Withholding From Irregular Or Supplemental Wages Or Fringe Benefits ................... 4 Special Situations ........................................................................................................ 4 For Further Information ............................................................................................... 4 New Mexico State Wage Withholding Tax Tables .................................................. 5 FYI-104 REV. 12/2021 page 1 |
New Mexico Taxation and Revenue Department General Information For Who Must Withhold New Mexico Withholding Tax Every employer, including employers of some agricultural workers, who withholds a portion of an employee’s wages New Mexico withholding tax is similar to federal withholding for payment of federal income tax must withhold New tax. It is calculated based on an estimate of an employee Mexico income tax. There is a limited exception for certain or individual’s New Mexico income tax liability and is then nonresident employees (See Note 2 below.) Others credited against the employee or individual’s actual income required to withhold New Mexico income tax include tax liability on that person’s New Mexico personal income gambling establishments on paid winnings and payers of tax return. pension and annuity income when requested to do so. More information is provided on this below. “Employer” means a person or an employee of that person, Changes to forms beginning 2020 doing business in New Mexico or deriving income from The Federal government issued a revised Federal Form New Mexico sources who pays wages to an employee for W-4 in tax year 2020. The 2020 and later W-4 forms do not services performed. An employer is the person having require employees to certify the number of allowances for control of the payment of wages. federal withholding purposes. According to federal “Employee” means a New Mexico resident who performs guidelines, employers may keep both 2020 and services either within or without the state for an employer, subsequent W-4 forms and pre-2020 W-4 forms on file for or a nonresident of New Mexico who performs services their employees, depending on when they started within the state for an employer. employment. “Wages” means remuneration in cash or other form for New Mexico does not have a state equivalent of the services performed by an employee for an employer. Federal Form W-4. Instead, employees should complete a copy of the Federal Form W-4 for New Mexico Notes: withholding tax purposes, writing "For New Mexico State 1) Pension and annuity income of a New Mexico resident Withholding Only" across the top in prominent letters. is subject to income tax in New Mexico, but New Mexico Employers should keep the New Mexico W-4 in the does not require payers to withhold state income tax on employee's personnel file. This duplicate W-4 is not pensions and annuities unless the payee requests the mandatory. It is a convenience for employer and employee. payer of their retirement benefits to withhold state tax. To Employees who have income that is exempt from New report withholding tax, a payer must be registered with Mexico tax (for example, Native Americans working and the state using TRD-41409, Non-wage Withholding Tax living on their tribal land; military members with income Return. from active-duty military service) should not have New 2) Employers are not required to withhold New Mexico Mexico tax withheld. Employees with exempt income income tax from wages of nonresident employees should indicate “exempt” on line 7 of the pre-2020 W-4 working in New Mexico for 15 or fewer days during the form or follow Step 4(c) on the 2020 or later W-4. calendar year. Due to changes in federal law effective from 2018, state 3) Persons who are self-employed should not report income tax liability is not reduced based on the number of withholding tax on their wages. Self-employed personal exemptions claimed by a taxpayer. Although the individuals should make estimated payments using the Standard Deduction amount was increased for all Form PIT-ES. taxpayers, the tax liability will likely increase for households with 2 or more dependents. The withholding tables in this Amount to Withhold publication have been updated to reflect these changes and the change to the federal W-4 by removing withholding Refer to the New Mexico State Wage Withholding Tax allowance deduction amounts from wages. Employees will Tables for Percentage Method of Withholding on page 5 of see an increase in their withholding tax as a result of these this publication for the amount to withhold. No withholding changes and to federal law. The Department would is required if the total withholding for an employee during recommend that employers communicate these changes any one month is less than one dollar. For New Mexico to their employees. It may be beneficial to examine the residents the employer is required to withhold New Mexico withholding changes for both federal and state taxes and income tax from all wages of the employee regardless of determine if employees would like additional amounts the employee’s work location. For nonresident withheld from their paychecks for each pay period. employees, the employer is required to withhold New Mexico income tax only from wages the employee earns Employees may opt to have additional amounts of money within the state. Refer to definitions of “employer,” taken out from their paychecks for New Mexico withholding “employee” and “wages” to determine if withholding tax is purposes. This can be requested by employees on their required. New Mexico withholding W-4 described above. The Department’s guidance on withholding relies on the Internal Revenue Service information for accuracy. This How to use the Withholding Tax Tables publication is subject to revision as further guidance from Determine the amount to withhold from the appropriate tax the Internal Revenue Service is released. tables starting on page 5 based on the payroll period and the employee’s filing status. FYI-104 REV. 12/2021 page 2 |
New Mexico Taxation and Revenue Department Example: A married employee has taxable wages of Child support withholding is NOT reported to the Taxation $1,000.00 weekly. This employee has also asked that an and Revenue Department. For information about child additional $20.00 be taken out of their check each pay support withholding you will need to contact the Human period. Services Department at 505-827-7200. 1. Determine the withholding based on the taxable If you use the cumulative method of withholding for wage payment of $1,000.00 federal withholding, you may use this same method for 2. Use Table 1 for weekly pay period. Use section your state withholding. (b) for a married person. If the amount of wages is over $711 but not over $1,018, the amount of Additional Withholding Amounts state tax withheld shall be $14.77 + 4.9% of excess over $711. Many employees request additional amounts be withheld for federal purposes (see Form W-4) but very few consider 3. $1000.00-$711.00 = $289.00 x 0.049 = $14.16 additional withholding for state purposes. Additional state 4. $14.77 + $14.16 = $28.93 withholding tax due withholding may be done on the W-4 kept for New Mexico 5. $28.93 + $20.00 (Additional withholding withholding purposes described above. requested by employee) = $48.93. Withholding on Gambling Winnings How to Report and Pay Withholding Taxes Operators, including nonprofit entities, of gambling establishments (racetracks, casinos, state lottery, bingo) New Mexico withholding tax prior to July 1, 2021 was must withhold 6% from winnings and file income and reported along with gross receipts and compensating tax withholding information returns for state purposes if they on the Form CRS-1. After July 1, 2021, use TRD-41414, are required to withhold or report for federal purposes. Wage Withholding Tax Return OR TRD-41409, Non-Wage Operators must report and pay the amount of state tax Withholding Tax Return. All tax returns can be filed online withheld from gambling winnings prior to July 1, 2021, on at https://tap.state.nm.us. Taxes are due on the 25th of the Form CRS-1, and after July 1, 2021, on the TRD- the month following the end of the reporting period. If the 41409, Non-Wage Withholding Tax Return is required for 25 is thon a Saturday, Sunday, or legal holiday, the tax both residents and nonresidents. return and payment is due the next business day. The Department uses the postmark date on the envelope to determine if the paper return was filed on time. A tax Annual Withholding Statements return must be filed whether or not any tax is due. If no Every person who has withheld state tax during the year tax is due, file a “zero” report. Do not mail cash to the from wages, pensions and annuities, or gambling winnings Department. is required to file an annual statement of withholding on or Please note: TRD-41414, Wage Withholding Tax Return before the last day of January for each employee, pension should be used for all employee withholding. Withholding or annuity recipient, or gambling winner. New Mexico tax from gambling winnings, pensions and annuities, or accepts the state copy of any Federal income and other income will be reported on the TRD-41409, Non- withholding statement, including Federal Form W-2, W2-G, Wage Withholding Tax Return. The due dates for these 1042-S, and 1099-R, or any substitute form acceptable to returns will be the same as the due dates used prior to July the Internal Revenue Service so long as it reflects the 1, 202,1 for the CRS-1 return. withholders name, address and identification number, the recipient's name and social security number, and the Reporting withholding information to the Department of amount of New Mexico income and withholding. If Workforce Solutions and the Workers Compensation employers have established a medical care savings Administration does not fulfill your obligation to report and account program for their employees, it is the responsibility pay withholding tax to the Taxation and Revenue of the employer to determine what amounts are exempt Department. Taxpayers must still file and pay using one from taxation. The employer reduces the New Mexico of the methods described in the above paragraph. taxable wages reported on Federal Form W-2 by the If you change your business name or address or need to amounts established by the employer or account cancel your New Mexico Business Tax Identification administrator as exempt from income tax. Number (NMBTIN) previously known as CRS I.D. Taxpayers who need to submit income and withholding number, use Form ACD-31015, Business Tax Registration statements to the Department may learn more by reviewing Application and Update Form available from your local Publication FYI-330, Income And Withholding Information district office or online at www.tax.newmexico.gov. Your Returns And Filing Methods, available online at reporting obligation does not cease automatically when www.tax.newmexico.gov/forms-publications.aspx or through you stop doing business or paying wages. You must your local district office. notify the Department to cancel your NMBTIN. Note: Starting June 18, 2021, the law requires that Starting on July 1, 2021, the name of the CRS I.D. number employers provide information regarding state assistance changed to New Mexico Business Tax Identification for low-income New Mexicans, including information Number (NMBTIN). The name change of the identification regarding tax rebates and credits for low-income tax filers number will happen automatically. If you will need to cancel provided by the state, such as the low-income the use of the NMBTIN or change your business address, comprehensive tax rebate and the working families tax you will use Form ACD-31015 as explained previously. FYI-104 REV. 12/2021 page 3 |
New Mexico Taxation and Revenue Department credit. The information shall be provided in English and employee may be correctly withholding for federal Spanish. This information is located in B-300.10, State purposes but under withhold for state purposes: Assistance for Low-Income New Mexicans. This 1) If the employee has supplemental, overtime pay, publication is available in English and Spanish and can be bonuses that are paid separately from their normal located on the Department’s website: wages, the Department recommends using Table 8 on https://www.tax.newmexico.gov/forms-publications/ in the page 8. folders - Publications/Bulletins/300 Series – Income Taxes. Note: Starting tax year 2019, the Department began 2) If the employee increased W-4 allowances to offset requiring electronic submittal of income and withholding expected federal tax credits such as the Child Tax information returns for employers who have 25 or more Credit or credits for child or dependent care expenses. employees. The withholding statements are due at the end (If the employee wishes to reduce their withholding for of January. Electronic submissions can be submitted state purposes they can use the 2020 Federal Form W- through the Combined Federal/State Filing Program or by 4 (Step 4b) using TAP at https://tap.state.nm.us 3) If the employee requested that additional amounts be withheld for federal purposes. Annual Reconciliation There are also situations where individuals may have income that is subject to federal taxation but exempt from New Mexico withholding taxpayers may file Form RPD- taxation by New Mexico. In these situations, New Mexico 41072, Annual Summary of Withholding Tax. The report is withholding on the exempt income would not be available for taxpayer’s use but is not required to be filed. necessary. This report allows for the taxpayer to reconcile the total amounts shown as withheld on annual withholding Examples of income exempt from New Mexico tax are: statements furnished to withholdees (Federal Forms W-2, 1) Income of a Native American who is a member of a W-2G or 1099-R) with the total tax withheld and paid to New Mexico federally recognized Indian nation, tribe or New Mexico prior to July 1, 2021, on Form CRS-1, and pueblo that was wholly earned on the lands of the after July 1, 2021, on the TRD-41414, Wage Withholding Indian nation or pueblo of which the individual is an Tax Return or TRD-41409, Non-Wage Withholding Tax enrolled member while domiciled on that land, Indian Return. If the taxpayer has underreported withholding on nation or pueblo. the withholding return, amended returns for the period(s) in 2) Income from active-duty military service or the income which underreporting occurred should be attached and the of spouses of an active duty service members who difference remitted to the Department. If an overpayment elect to keep their out-of-state residence or use the of withholding was made, attach Form RPD-41071, same out-of-state residence as the servicemember. Application for Refund and the amended returns for the period(s) in which overpayments occurred. For more Employment may require some New Mexico residents to information on this see FYI-330, Income and Withholding spend extensive time in another state with an income tax Information Returns and Filing Methods. that is comparable to the New Mexico income tax. Residents of New Mexico are generally subject to New Mexico income tax on all their income, but if that income is Withholding from Irregular or also taxed by another state, New Mexico allows a credit for Supplemental Wages or Fringe Benefits the other state’s income tax on that income on their The same method used for calculating federal withholding personal income tax return. New Mexico withholding tax on irregular or supplemental wages should be used for can be reduced or eliminated on such wages. To reduce or state withholding. If the taxpayer uses the cumulative eliminate withholding on such wages, taxpayers should method of withholding for federal withholding, this same indicate this on their Form W-4 for New Mexico withholding method may be used for state withholding. If withholding tax. from fringe benefits for federal purposes, the taxpayer must also withhold from fringe benefits for state purposes using For Further Information the same method used for calculating federal withholding. If the federal withholding is calculated using a flat percent, If employees express concern about their withholding, a flat 5.9 percent of the supplemental wage or fringe benefit employers may recommend that they obtain the following amount should be withheld for state tax purposes. publications: ➢ NOTE: In the case of a married employee who has elected Internal Revenue Service Form W-4, Employee’s withholding at the higher single rate for federal purposes, Withholding Allowance Certificate. (New Mexico does the single rate for New Mexico state withholding purposes not have a state equivalent of the federal W-4 form. must also be used. Employees should complete a copy of the federal W- 4 for New Mexico, writing "For New Mexico State Withholding Only" across the top in prominent letters. Special Situations ➢ Internal Revenue Service Publication 919 Is My Generally, if an employee’s withholding is correct for Withholding Correct? (Call 1-800-829-3676 to order federal purposes, it will be correct for state income tax this publication.) purposes, but there are certain situations in which an FYI-104 REV. 12/2021 page 4 |
187 340 494 648 956 373 681 988 1,417 2,110 4,033 6,244 1,296 1,912 2,835 4,219 8,065 12,488 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% of excess over - of excess over - + + + + + + + + + + + + + + + + $0.00 2.62 7.54 14.77 29.85 52.46 86.38 180.62 288.98 $0.00 5.23 15.08 29.54 59.69 104.92 172.77 361.23 577.96 The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ 187 340 494 648 956 373 681 988 and over 1,417 2,110 4,033 6,244 1,296 1,912 2,835 4,219 8,065 12,488 and over $ But not over: $ $ $ $ $ $ $ $ $ But not over: $ $ $ $ $ $ $ $ 187 340 494 648 956 373 681 988 1,417 2,110 4,033 6,244 1,296 1,912 2,835 4,219 8,065 12,488 WEEKLY (c) HEAD of HOUSEHOLD person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ (c) HEAD of HOUSEHOLD person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ BI-WEEKLY 249 403 557 711 498 806 1,018 1,480 2,172 4,095 6,307 1,113 1,421 2,037 2,960 4,344 8,190 12,613 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% of excess over - of excess over - + + + + + + + + + + + + + + + + - $0.00 2.62 7.54 14.77 29.85 52.46 86.38 180.62 288.98 $0.00 5.23 15.08 29.54 59.69 104.92 172.77 361.23 577.96 The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ $ The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ 249 403 557 711 498 806 and over 1,018 1,480 2,172 4,095 6,307 1,113 1,421 2,037 2,960 4,344 8,190 12,613 and over FYI-104 REV. 12/2021 page 5 $ But not over: $ $ $ $ $ $ $ $ $ But not over: $ $ $ $ $ $ $ $ New Mexico Taxation and Revenue Department (For wages paid on or after January 1, 2022) 249 403 557 711 498 806 1,018 1,480 2,172 4,095 6,307 1,113 1,421 2,037 2,960 4,344 8,190 12,613 (b) MARRIED person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ (b) MARRIED person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ 125 230 336 432 625 932 249 461 672 864 1,375 2,528 4,163 1,249 1,864 2,749 5,057 8,326 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Table 1 - If the Payroll Period with Respect to an Employee is Table 2 - If the Payroll Period with Respect to an Employee is 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% New Mexico State Wage Withholding Tax Tables for Percentage Method of Withholding of excess over - of excess over - + + + + + + + + + + + + + + + + $0.00 1.80 5.18 9.70 19.13 34.20 55.88 112.41 192.51 $0.00 3.60 10.37 19.40 38.25 68.40 111.75 224.83 385.02 The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ 125 230 336 432 625 932 249 461 672 864 1,375 2,528 4,163 1,249 1,864 2,749 5,057 8,326 and over and over $ But not over: $ $ $ $ $ $ $ $ $ But not over: $ $ $ $ $ $ $ $ 125 230 336 432 625 932 249 461 672 864 1,375 2,528 4,163 1,249 1,864 2,749 5,057 8,326 (a) SINGLE person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ (a) SINGLE person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ |
404 738 808 1,071 1,404 2,071 3,071 4,571 8,738 13,529 1,475 2,142 2,808 4,142 6,142 9,142 17,475 27,058 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% of excess over - of excess over - + + + + + + + + + + + + + + + + $0.00 5.67 16.33 32.00 64.67 113.67 187.17 391.33 626.13 $0.00 11.33 32.67 64.00 129.33 227.33 374.33 782.67 1,252.25 The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ 404 738 808 1,475 2,142 2,808 4,142 6,142 9,142 1,071 1,404 2,071 3,071 4,571 8,738 13,529 and over 17,475 27,058 and over $ But not over: $ $ $ $ $ $ $ $ $ But not over: $ $ $ $ $ $ $ $ 404 738 808 1,071 1,404 2,071 3,071 4,571 8,738 13,529 1,475 2,142 2,808 4,142 6,142 9,142 17,475 27,058 (c) HEAD of HOUSEHOLD person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ MONTHLY (c) HEAD of HOUSEHOLD person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ SEMI-MONTHLY 540 873 1,206 1,540 2,206 3,206 4,706 8,873 13,665 1,079 1,746 2,413 3,079 4,413 6,413 9,413 17,746 27,329 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% of excess over - of excess over - + + + + + + + + + + + + + + + + $0.00 5.67 16.33 32.00 64.67 113.67 187.17 391.33 626.13 $0.00 11.33 32.67 64.00 129.33 227.33 374.33 782.67 1,252.25 The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ 540 873 1,079 1,746 2,413 3,079 4,413 6,413 9,413 1,206 1,540 2,206 3,206 4,706 8,873 13,665 and over 17,746 27,329 and over FYI-104 REV. 12/2021 page 6 $ But not over: $ $ $ $ $ $ $ $ $ But not over: $ $ $ $ $ $ $ $ New Mexico Taxation and Revenue Department (For wages paid on or after January 1, 2022) 540 873 1,206 1,540 2,206 3,206 4,706 8,873 13,665 1,079 1,746 2,413 3,079 4,413 6,413 9,413 17,746 27,329 (b) MARRIED person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ (b) MARRIED person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ 270 499 728 936 540 998 1,353 2,020 2,978 5,478 9,020 1,456 1,873 2,706 4,040 5,956 10,956 18,040 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Table 4 - If the Payroll Period with Respect to an Employee is 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% New Mexico State Wage Withholding Tax Tables for Percentage Method of Withholding Table 3 - If the Payroll Period with Respect to an Employee is of excess over - of excess over - + + + + + + + + + + + + + + + + $0.00 3.90 11.23 21.02 41.44 74.10 121.06 243.56 417.10 $0.00 7.79 22.46 42.04 82.88 148.21 242.13 487.13 834.21 The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ 270 499 728 936 540 998 1,353 2,020 2,978 5,478 9,020 1,456 1,873 2,706 4,040 5,956 10,956 18,040 and over and over $ But not over: $ $ $ $ $ $ $ $ $ But not over: $ $ $ $ $ $ $ $ 270 499 728 936 540 998 1,353 2,020 2,978 5,478 9,020 1,456 1,873 2,706 4,040 5,956 10,956 18,040 (a) SINGLE person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ (a) SINGLE person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ |
2,425 4,425 6,425 8,425 12,425 18,425 27,425 52,425 81,175 4,850 8,850 12,850 16,850 24,850 36,850 54,850 104,850 162,350 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% of excess over - of excess over - + + + + + + + + + + + + + + + + $0.00 34.00 98.00 192.00 388.00 682.00 $0.00 68.00 196.00 384.00 776.00 1,123.00 2,348.00 3,756.75 1,364.00 2,246.00 4,696.00 7,513.50 The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ 4,850 8,850 2,425 4,425 6,425 8,425 12,425 18,425 27,425 52,425 81,175 and over 12,850 16,850 24,850 36,850 54,850 104,850 162,350 and over $ But not over: $ $ $ $ $ $ $ $ $ But not over: $ $ $ $ $ $ $ $ 2,425 4,425 6,425 8,425 12,425 18,425 27,425 52,425 81,175 4,850 8,850 12,850 16,850 24,850 36,850 54,850 104,850 162,350 (c) HEAD of HOUSEHOLD person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ (c) HEAD of HOUSEHOLD person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ QUARTERLY SEMI-ANNUAL 3,238 5,238 7,238 9,238 13,238 19,238 28,238 53,238 81,988 6,475 10,475 14,475 18,475 26,475 38,475 56,475 106,475 163,975 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% of excess over - of excess over - + + + + + + + + + + + + + + + + $0.00 34.00 98.00 192.00 388.00 682.00 $0.00 68.00 196.00 384.00 776.00 1,123.00 2,348.00 3,756.75 1,364.00 2,246.00 4,696.00 7,513.50 The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ 6,475 3,238 5,238 7,238 9,238 13,238 19,238 28,238 53,238 81,988 and over 10,475 14,475 18,475 26,475 38,475 56,475 106,475 163,975 and over FYI-104 REV. 12/2021 page 7 $ But not over: $ $ $ $ $ $ $ $ $ But not over: $ $ $ $ $ $ $ $ (For wages paid on or after January 1, 2022) New Mexico Taxation and Revenue Department 3,238 5,238 7,238 9,238 13,238 19,238 28,238 53,238 81,988 6,475 10,475 14,475 18,475 26,475 38,475 56,475 106,475 163,975 (b) MARRIED person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ (b) MARRIED person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ 1,619 2,994 4,369 5,619 8,119 12,119 17,869 32,869 54,119 3,238 5,988 8,738 11,238 16,238 24,238 35,738 65,738 108,238 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Table 5 - If the Payroll Period with Respect to an Employee is 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% Table 6 - If the Payroll Period with Respect to an Employee is 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% New Mexico State Wage Withholding Tax Tables for Percentage Method of Withholding of excess over - of excess over - + + + + + + + + + + + + + + + + $0.00 23.38 67.38 126.13 248.63 444.63 726.38 $0.00 46.75 134.75 252.25 497.25 889.25 1,461.38 2,502.63 1,452.75 2,922.75 5,005.25 The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ 3,238 5,988 8,738 1,619 2,994 4,369 5,619 8,119 12,119 17,869 32,869 54,119 and over 11,238 16,238 24,238 35,738 65,738 108,238 and over $ But not over: $ $ $ $ $ $ $ $ $ But not over: $ $ $ $ $ $ $ $ 1,619 2,994 4,369 5,619 8,119 12,119 17,869 32,869 54,119 3,238 5,988 8,738 11,238 16,238 24,238 35,738 65,738 108,238 (a) SINGLE person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ (a) SINGLE person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ |
37.30 68.10 98.80 9,700 17,700 25,700 33,700 49,700 73,700 109,700 209,700 324,700 129.60 191.20 283.50 421.90 806.50 1,248.80 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% of excess over - of excess over - + + + + + + + + + + + + + + + + $0.00 136.00 392.00 768.00 $0.00 0.52 1.51 2.95 5.97 10.49 17.28 36.12 57.80 1,552.00 2,728.00 4,492.00 9,392.00 15,027.00 The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ 37.30 68.10 98.80 9,700 17,700 25,700 33,700 49,700 73,700 109,700 209,700 324,700 and over 129.60 191.20 283.50 421.90 806.50 and over 1,248.80 $ But not over: $ $ $ $ $ $ $ $ $ But not over: $ $ $ $ $ $ $ $ 37.30 68.10 98.80 9,700 17,700 25,700 33,700 49,700 73,700 109,700 209,700 324,700 129.60 191.20 283.50 421.90 806.50 1,248.80 ANNUAL (c) HEAD of HOUSEHOLD person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ MISCELLANEOUS (c) HEAD of HOUSEHOLD person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ or 49.80 80.60 12,950 20,950 28,950 36,950 52,950 76,950 112,950 212,950 327,950 111.30 142.10 203.70 296.00 434.40 819.00 1,261.30 $ $ $ $ $ $ $ $ $ DAILY $ $ $ $ $ $ $ $ $ 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% of excess over - of excess over - + + + + + + + + + + + + + + + + $0.00 136.00 392.00 768.00 $0.00 0.52 1.51 2.95 5.97 10.49 17.28 36.12 57.80 1,552.00 2,728.00 4,492.00 9,392.00 15,027.00 The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ 49.80 80.60 12,950 20,950 28,950 36,950 52,950 76,950 112,950 212,950 327,950 and over 111.30 142.10 203.70 296.00 434.40 819.00 and over FYI-104 REV. 12/2021 page 8 1,261.30 $ But not over: $ $ $ $ $ $ $ $ $ But not over: $ $ $ $ $ $ $ $ (For wages paid on or after January 1, 2022) New Mexico Taxation and Revenue Department 49.80 80.60 111.30 142.10 203.70 296.00 434.40 819.00 12,950 20,950 28,950 36,950 52,950 76,950 112,950 212,950 327,950 1,261.30 (b) MARRIED person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ (b) MARRIED person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ 24.90 46.10 67.20 86.40 6,475 11,975 17,475 22,475 32,475 48,475 71,475 131,475 216,475 124.90 186.40 274.90 505.70 832.60 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Table 7 - If the Payroll Period with Respect to an Employee is 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% 1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% New Mexico State Wage Withholding Tax Tables for Percentage Method of Withholding of excess over - of excess over - + + + + + + + + + + + + + + + + Table 8 - If the Payroll Period with Respect to an Employee is $0.00 93.50 269.50 504.50 994.50 $0.00 0.36 1.04 1.94 3.83 6.84 11.18 22.48 38.50 1,778.50 2,905.50 5,845.50 10,010.50 The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ The amount of state tax withheld shall be: $ $ $ $ $ $ $ $ 24.90 46.10 67.20 86.40 124.90 186.40 274.90 505.70 832.60 6,475 11,975 17,475 22,475 32,475 48,475 71,475 131,475 216,475 and over and over $ But not over: $ $ $ $ $ $ $ $ $ But not over: $ $ $ $ $ $ $ $ 24.90 46.10 67.20 86.40 6,475 11,975 17,475 22,475 32,475 48,475 71,475 131,475 216,475 124.90 186.40 274.90 505.70 832.60 (a) SINGLE person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ (a) SINGLE person If the amount of wages is: Not Over Over: $ $ $ $ $ $ $ $ $ |
New Mexico Taxation and Revenue Department TAXPAYER INFORMATION General Information. FYIs and Bulletins present general information with minimum technical language. All FYIs and Bulletins are free of charge and available through all local tax offices and on the Taxation and Revenue Department’s website at http://www.tax.newmexico.gov/forms-publications.aspx Regulations. The Department establishes regulations to interpret and exemplify the various tax acts it administers. Current statutes with regulations can be located on the Departments website for free at http://www.tax.newmexico.gov/statutes-with-regulations.aspx. Specific regulations are also available at the State Records Center and Archives or on its web page at http://www.srca.nm.gov/ The Taxation and Revenue Department regulation book is available for purchase from the New Mexico Compilation Commission. Order regulation books directly from the New Mexico Compilation Commission at https://www.nmcompcomm.us/ Rulings. Rulings signed by the Secretary and approved by the Attorney General are written statements that apply to one or a small number of taxpayers. A taxpayer may request a ruling (at no charge) to clarify its tax liability or responsibility under specific circumstances. The Department will not issue a ruling to a taxpayer who is undergoing an audit, who has an outstanding assessment, or who is involved in a protest or litigation with the Department over the subject matter of the request. The Department’s rulings are compiled and available on free of charge at http://www.tax.newmexico.gov/rulings.aspx. The request for a ruling must be in writing, include accurate taxpayer identification and the details about the taxpayer’s situation, and be addressed to the Secretary of the Taxation and Revenue Department at P.O. Box 630, Santa Fe, NM 87504-0630. The taxpayer’s representative, such as an accountant or attorney, may request a ruling on behalf of the taxpayer but must disclose the name of the taxpayer. While the Department is not required to issue a ruling when requested to do so, every request is carefully considered. The Secretary may modify or withdraw any previously issued ruling and is required to withdraw or modify any ruling when subsequent legislation, regulations, final court decisions or other rulings invalidate a ruling or portions of a ruling. Public Decisions & Orders. All public decisions and orders issued since July 1994 are compiled and available on the Department’s web page free of charge at http://www.tax.newmexico.gov/tax-decisions- orders.aspx. This publication provides general information. It does not constitute a regulation, ruling, or decision issued by the Secretary of the New Mexico Taxation and Revenue Department. The Department is legally bound only by a regulation or a ruling [7-1-60, New Mexico Statutes Annotated, 1978]. In the event of a conflict between FYI and statute, regulation, case law or policy, the information in FYIs is overridden by statutes, regulations and case law. Taxpayers and preparers are responsible for being aware of New Mexico tax laws and rules. Consult the Department directly if you have questions or concerns about information provided in this FYI. FYI-104 REV. 12/2021 page 9 |
New Mexico Taxation and Revenue Department FOR FURTHER ASSISTANCE Tax District Field Offices and the Department’s For forms and instructions visit the Department’s call center can provide full service and general web site at http://www.tax.newmexico.gov information about the Department's taxes, taxpayer access point, programs, classes, and Call Center Number: forms. Information specific to your filing situation, 1-866-285-2996 payment plans and delinquent accounts. If faxing something to a tax district field TAX DISTRICT FIELD OFFICES office, please fax to: ALBUQUERQUE Call Center Fax Number: 10500 Copper Pointe Avenue NE 1-505-841-6327 Albuquerque, NM 87123 If mailing information to a tax district field SANTA FE office, please mail to: Manuel Lujan Sr. Bldg. 1200 S. St. Francis Dr. Taxation and Revenue Department Santa Fe, NM 87504 P.O. Box 8485 Albuquerque, NM 87198-8485 FARMINGTON 3501 E. Main St., Suite N Farmington, NM 87499 For additional contact information please visit the Department’s website at LAS CRUCES http://www.tax.newmexico.gov/contact-us.aspx 2540 S. El Paseo Bldg. #2 Las Cruces, NM 88004 ROSWELL 400 Pennsylvania Ave., Suite 200 Roswell, NM 8820 This information is as accurate as possible as of the date specified on the publication. Subsequent legislation, new state regulations and case law may affect its accuracy. For the latest information please check the Taxation and Revenue Department’s web site at www.tax.newmexico.gov. This publication provides general information. It does not constitute a regulation, ruling, or decision issued by the Secretary of the New Mexico Taxation and Revenue Department. The Department is legally bound only by a regulation or a ruling [7-1-60, New Mexico Statutes Annotated, 1978]. In the event of a conflict between FYI and statute, regulation, case law or policy, the information in FYIs is overridden by statutes, regulations and case law. Taxpayers and preparers are responsible for being aware of New Mexico tax laws and rules. Consult the Department directly if you have questions or concerns about information provided in this FYI. FYI-104 REV. 12/2021 page 10 |