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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, 2024

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
https://www.tax.newmexico.gov/.

CONTENTS

General Information For New Mexico Withholding Tax ..................................................................... 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, Supplemental Wages, or Fringe Benefits ............................................. 4
Special Situations ............................................................................................................................. 4
For Further Information .................................................................................................................... 4

FYI-104  REV. 11/2023 page 1

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New Mexico Taxation and Revenue Department

General Information For New Mexico “Employee” means a New Mexico resident who performs
Withholding Tax services either within or without the state for an employer,
or a nonresident of New Mexico who performs services
within the state for an employer.
New Mexico withholding tax is similar to federal withholding
tax. It is calculated based on an estimate of an employee “Wages” means remuneration in cash or other form for
or individual’s New Mexico income tax liability and is then services performed by an employee for an employer.
credited against the employee or individual’s actual income Notes:
tax liability on that person’s New Mexico personal income 1) Pension and annuity income of a New Mexico resident
tax return. is subject to income tax in New Mexico, but New Mexico
New Mexico does not have a state equivalent of the does not require payers to withhold state income tax on
Federal Form W-4. Instead, employees should complete pensions and annuities unless the payee requests the
a copy of the Federal Form W-4 for New Mexico payer of their retirement benefits to withhold state tax. To
withholding tax purposes, writing "For New Mexico State report withholding tax, a payer must be registered with
Withholding Only" across the top in prominent letters. the state using TRD-41409, Non-wage Withholding Tax
Employers should keep the New Mexico W-4 in the Return.
employee's personnel file. This duplicate W-4 is not 2) Employers are not required to withhold New Mexico
mandatory. It is a convenience for employer and employee. income tax from wages of nonresident employees
Employees who have income that is exempt from New working in New Mexico for 15 or fewer days during the
Mexico tax (for example, Native Americans working and calendar year.
living on their tribal land; military members with income 3) Persons who are self-employed should not report
from active-duty military service) should not have New withholding tax on their wages. Self-employed
Mexico tax withheld. Employees with exempt income individuals should make estimated payments using the
should indicate “exempt” on line 7 of the pre-2020 federal Form PIT-ES.
W-4 form or follow Step 4(c) on the 2020 or later federal W-
4 form.
Amount to Withhold
The withholding tables in this publication have been
updated to reflect the standard deduction for the year and Refer to the New Mexico State Wage Withholding Tax
the change to the federal W-4 by removing withholding Tables for Percentage Method of Withholding starting on
allowance deduction amounts from wages. It may be page 5 of this publication for the amount to withhold. No
beneficial to examine the withholding changes for both withholding is required if the total withholding for an
federal and state taxes and determine if employees would employee during any one month is less than one dollar. For
like additional amounts withheld from their paychecks for New Mexico residents, the employer is required to
each pay period. If the employee would like adjustments, withhold New Mexico income tax from all wages of the
they can do so on the federal W-4 form. employee regardless of the employee’s work location. For
nonresident employees, the employer is required to
Employees may opt to have additional amounts of money withhold New Mexico income tax only from wages the
taken out from their paychecks for New Mexico withholding employee earns within the state. Refer to definitions of
purposes. This can be requested by employees on their “employer,” “employee” and “wages” to determine if
New Mexico withholding W-4 described above. withholding tax is required.
The Department’s guidance on withholding relies on the It is up to the employer to determine if withholding is due
Internal Revenue Service (IRS) information for accuracy. based on the employer and employee’s status in New
This publication is subject to revision as further guidance Mexico. If an employer determines that they should not pay
from the IRS is released. withholding taxes this should be discussed with the
employee. If there is no withholding taxes paid for an
Who Must Withhold employee who will owe personal income taxes in New
Mexico and no estimated payments made by the employee
Every employer, including employers of some agricultural there is a high likelihood that an underpayment penalty will
workers, who withholds a portion of an employee’s wages be due when filing and paying their personal income taxes.
for payment of federal income tax must withhold New More information can be found in FYI-320, PIT-ES:
Mexico income tax. There is a limited exception for certain Personal Income Tax Estimated Payments.
nonresident employees (See Notes item 2.) Others
required to withhold New Mexico income tax include
gambling establishments on paid winnings and payers of How to use the Withholding Tax Tables
pension and annuity income when requested to do so. Determine the amount to withhold from the appropriate tax
More information is provided on this below. tables starting on page 5 based on the payroll period and
“Employer” means a person or an employee of that person, the employee’s filing status.
doing business in New Mexico or deriving income from Example: A married employee has taxable wages of
New Mexico sources who pays wages to an employee for $1,000.00 weekly. This employee has also asked that an
services performed. An employer is the person having additional $20.00 be taken out of their check each pay
control of the payment of wages. period.

FYI-104  REV. 11/2023 page 2

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New Mexico Taxation and Revenue Department

1. Determine the withholding based on the taxable withholding may be done on the W-4 kept for New Mexico
wage payment of $1,000.00 withholding purposes described above.
2. Use Table 1 for weekly pay period. Use section
(b) for a married person. If the amount of wages Withholding on Gambling Winnings
is over $742 but not over $1,050, the amount of
Operators, including nonprofit entities, of gambling
state tax withheld shall be $14.77 + 4.9% of
establishments (racetracks, casinos, state lottery, bingo)
excess over $742.
must withhold 6% from winnings and file income and
3. $1000.00-$742.00 = $258.00 x 0.049 = $12.64 withholding information returns for state purposes if they
4. $14.77 + $12.64 = $27.41 withholding tax due are required to withhold or report for federal purposes.
Operators must report and pay the amount of state tax
5. $27.41 + $20.00 (Additional withholding withheld from gambling winnings on the TRD-41409, Non-
requested by employee) = $47.41. Wage Withholding Tax Return is required for both residents
and nonresidents.
How to Report and Pay Withholding Taxes
Use TRD-41414, Wage Withholding Tax Return OR TRD- Annual Withholding Statements
41409, Non-Wage Withholding Tax Return. All tax returns Every person who has withheld state tax during the year
can be filed online at https://tap.state.nm.us. Taxes are from wages, pensions and annuities, or gambling winnings
due on the 25th of the month following the end of the is required to file an annual statement of withholding on or
reporting period. If the 25 this on a Saturday, Sunday, or before the last day ofJanuary for each employee, pension
legal holiday, the tax return and payment is due the or annuity recipient, or gambling winner. New Mexico
next business day. The Department uses the postmark accepts the state copy of any Federal income and
date on the envelope to determine if the paper return was withholding statement, including Federal Form W-2, W2-G,
filed on time. A tax return must be filed whether or not 1042-S, and 1099-R, or any substitute form acceptable to
any tax is due. If no tax is due, file a “zero” report. Do not the Internal Revenue Service so long as it reflects the
mail cash to the Department. withholders name, address and identification number, the
Please note: TRD-41414, Wage Withholding Tax Return recipient's name and social security number, and the
should be used for all employee withholding. Withholding amount of New Mexico income and withholding. If
tax from gambling winnings, pensions and annuities, or employers have established a medical care savings
other income will be reported on the TRD-41409, Non- account program for their employees, it is the responsibility
Wage Withholding Tax Return. of the employer to determine what amounts are exempt
from taxation. The employer reduces the New Mexico
Reporting withholding information to the Department of taxable wages reported on Federal Form W-2 by the
Workforce Solutions and the Workers Compensation amounts established by the employer or account
Administration does not fulfill your obligation to report and administrator as exempt from income tax.
pay withholding tax to the Taxation and Revenue
Department. Taxpayers must still file and pay using one Taxpayers who need to submit income and withholding
of the methods described in the above paragraph. statements to the Department may learn more by reviewing
Publication FYI-330, Income And Withholding Information
If you change your business name or address or need to Returns And Filing Methods, available online at
cancel your New Mexico Business Tax Identification https://www.tax.newmexico.gov/forms-publications/ or
Number (NMBTIN) previously known as CRS I.D. through your local district office.
number, use Form ACD-31015, Business Tax
Registration Application and Update Form available from Note: Starting June 18, 2021, the law requires that
your local district office or online at employers provide information regarding state assistance
https://www.tax.newmexico.gov/. Your reporting obligation for low-income New Mexicans, including information
does not cease automatically when you stop doing regarding tax rebates and credits for low-income tax filers
business or paying wages. You must notify the provided by the state, such as the low-income
Department to cancel your NMBTIN. comprehensive tax rebate and the working families tax
credit. The information shall be provided in English and
Child support withholding is NOT reported to the Taxation Spanish. This information is located in B-300.10, State
and Revenue Department. For information about child Assistance for Low-Income New Mexicans. This
support withholding, you will need to contact the publication is available in English and Spanish and can be
Human Services Department at 505-827-7200. located on the Department’s website:
If you use the cumulative method of withholding for https://www.tax.newmexico.gov/forms-publications/ in the
federal withholding, you may use this same method for folders - Publications/Bulletins/300 Series – Income Taxes.
your state withholding.
Note: The Department requires electronic submittal of
income and withholding information returns for employers
Additional Withholding Amounts who have 25 or more employees. The withholding
statements are due at the end of January. Electronic
Many employees request additional amounts be withheld submissions can be submitted through the Combined
for federal purposes (see Form W-4) but very few consider Federal/State Filing Program or by using TAP at
additional withholding for state purposes. Additional state https://tap.state.nm.us

FYI-104  REV. 11/2023 page 3

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                             New Mexico Taxation and Revenue Department 
                                                                                                                       
                   Annual Reconciliation                         taxation by New Mexico. In these situations, New Mexico 
                                                                 withholding  on  the  exempt  income  would  not  be 
New Mexico withholding taxpayers may file    Form RPD-
                                                                 necessary. 
41072, Annual Summary of Withholding Tax. The report is 
available for taxpayer’s use but is not required to be filed.    Examples of   income exempt from New Mexico tax are: 
This report allows for the taxpayer to reconcile the total       1)  Income of a Native American who is a member of a 
amounts  shown  as  withheld  on  annual  withholding             New Mexico federally recognized Indian nation, tribe or 
statements furnished to withholdees (Federal Forms W-2,           pueblo  that  was  wholly  earned  on  the  lands  of  the 
W-2G or 1099-R) with the total tax withheld and paid to           Indian nation  or  pueblo  of  which  the  individual  is  an 
New Mexico on the  TRD-41414,     Wage Withholding Tax            enrolled  member while domiciled on that land, Indian 
Return or TRD-41409, Non-Wage Withholding Tax Return.             nation or pueblo. 
If  the  taxpayer  has  underreported  withholding  on  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           Employment may require some New Mexico residents to 
period(s)  in  which  overpayments  occurred.  For  more         spend extensive time in another state with an income tax 
information on this see FYI-330, Income and Withholding          that  is  comparable  to  the  New  Mexico  income  tax. 
Information Returns and Filing Methods.                          Residents  of  New  Mexico  are  generally  subject  to  New 
                                                                 Mexico income tax on all their income, but if that income is 
 Withholding from Irregular, Supplemental                        also taxed by another state, New Mexico allows a credit for 
                                                                 the  other  state’s  income  tax  on  that  income  on  their 
              Wages, or Fringe Benefits                          personal income tax return. New Mexico withholding tax 
The same method used for calculating federal withholding         can be reduced or eliminated on such wages. To reduce or 
on  irregular  or  supplemental  wages  should  be  used  for    eliminate  withholding  on  such  wages,  taxpayers  should 
state  withholding.  If  the  taxpayer  uses  the  cumulative    indicate this  on  their  federal Form W-4  for  New Mexico 
method of withholding for federal withholding, this same         withholding tax. 
method may be used for state withholding. If withholding          
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  employees  express  concern  about  their  withholding, 
If the federal withholding is calculated using a flat percent,   employers may recommend that they obtain the following 
a  flat  5.9%  of  the  supplemental  wage  or  fringe  benefit  publications: 
amount should be withheld for state tax purposes.                 ➢ Internal  Revenue  Service  Form  W-4,  Employee’s 
NOTE: In the case of a married employee who has elected            Withholding Allowance Certificate. (New Mexico does 
withholding at the higher single rate for federal purposes,        not have a state equivalent of the federal W-4 form. 
the single rate for New Mexico state withholding purposes          Employees should complete a copy of the federal W-
must also be used.                                                 4  for New  Mexico,  writing  "For  New  Mexico  State 
                                                                   Withholding Only" across the top in prominent letters. 
                                                                  ➢
                   Special Situations                              Internal Revenue Service website 
                                                                   https://www.irs.gov/individuals/tax-withholding-estimator 
Generally,  if  an  employee’s  withholding  is  correct  for 
federal  purposes, it  will be  correct  for  state  income  tax  
purposes,  but  there  are  certain  situations  in  which an 
employee  may  be  correctly  withholding  for  federal 
purposes but under withhold for state purposes: 
1)  If  the  employee  has  supplemental,  overtime  pay, 
 bonuses  that  are  paid  separately  from  their  normal 
 wages, the Department recommends using Table 8 on 
 page 8. 

2)  If  the  employee  increased  W-4  allowances  to  offset 
 expected  federal  tax   credits  such  as  the  Child  Tax 
 Credit or credits for child or dependent care expenses. 
 (If the employee wishes to reduce their withholding for 
 state purposes they can use the 2020 Federal Form W-
 4 (Step 4b) 
3)  If the employee requested that additional amounts be 
 withheld for federal purposes. 
There  are  also  situations  where  individuals  may  have 
income that is subject to federal taxation but exempt from 

                                         FYI-104   REV. 11/2023  page 4

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211 364 518 672 980 421 729
1,441 2,134 4,057 6,268 1,037 1,344 1,960 2,883 4,267 8,113 12,537
$           $           $           $           $           $        $        $        $        $           $           $        $        $        $        $        $        $      

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: $          $        $        $        $      $      $      $      
211 364 518 672 980 421 729
and over
1,441 2,134 4,057 6,268 1,037 1,344 1,960 2,883 4,267 8,113 12,537 and over
$           But not over: $           $           $           $           $        $        $        $        $           But not over: $           $        $        $        $        $        $        $      
211 364 518 672 980 421 729
1,441 2,134 4,057 6,268 1,037 1,344 1,960 2,883 4,267 8,113 12,537
(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: $           $           $        $        $        $        $        $        $      
281 435 588 742 562 869
1,050 1,512 2,204 4,127 6,338 1,177 1,485 2,100 3,023 4,408 8,254 12,677
WEEKLY
$           $           $           $           $        $        $        $        $        BI-WEEKLY $           $           $        $        $        $        $        $        $      

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: $          $        $        $        $      $      $      $      
281 435 588 742 562 869
1,050 1,512 2,204 4,127 6,338 1,177 1,485 2,100 3,023 4,408 8,254 12,677 and over FYI-104       REV. 11/2023      Page 5
and over
$           But not over: $           $           $           $        $        $        $        $        $           But not over: $           $        $        $        $        $        $        $      
(For wages paid on or after January 1, 2024)
281 435 588 742 562 869
1,050 1,512 2,204 4,127 6,338 1,177 1,485 2,100 3,023 4,408 8,254 12,677

Table 1 - If the Payroll Period with Respect to an Employee is (b) MARRIED person If the amount  of wages is: Not Over Over: $           $           $           $           $        $        $        $        $        Table 2 - If the Payroll Period with Respect to an Employee is (b) MARRIED person If the amount  of wages is: Not Over Over: $           $           $        $        $        $        $        $        $      
140 246 352 448 640 948 281 492 704 896
1,390 2,544 4,179 1,281 1,896 2,781 5,088 8,358
$           $           $           $           $           $           $        $        $        $           $           $           $           $        $        $        $        $        
New Mexico State Wage Withholding Tax Tables for Percentage Method of Withholding
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 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: $          $        $        $        $        $      $      $      
140 246 352 448 640 948 281 492 704 896
1,390 2,544 4,179 1,281 1,896 2,781 5,088 8,358
and over and over
$              But not over: $              $              $              $              $              $           $           $           $              But not over: $              $              $              $           $           $           $           $           
140 246 352 448 640 948 281 492 704 896
1,390 2,544 4,179 1,281 1,896 2,781 5,088 8,358
(a) SINGLE person If the amount of wages is: Not Over Over: $           $           $           $           $           $           $        $        $        (a) SINGLE person If the amount of wages is: Not Over Over: $           $           $           $           $        $        $        $        $

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456 790 913
1,123 1,456 2,123 3,123 4,623 8,790 13,581 1,579 2,246 2,913 4,246 6,246 9,246 17,579 27,163
$           $           $        $        $        $        $        $        $      $           $        $        $        $        $        $        $      $      

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: $        $        $        $      $      $      $      $   
456 790 913
1,579 2,246 2,913 4,246 6,246 9,246
1,123 1,456 2,123 3,123 4,623 8,790 13,581 and over 17,579 27,163 and over
$           But not over: $           $        $        $        $        $        $        $      $           But not over: $        $        $        $        $        $        $      $      
456 790 913
1,123 1,456 2,123 3,123 4,623 8,790 13,581 1,579 2,246 2,913 4,246 6,246 9,246 17,579 27,163
(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: $           $        $        $        $        $        $        $      $      
608 942
1,275 1,608 2,275 3,275 4,775 8,942 13,733 1,217 1,883 2,550 3,217 4,550 6,550 9,550 17,883 27,467
$           $           $        $        $        $        $        $        $      MONTHLY $        $        $        $        $        $        $        $      $      
SEMI-MONTHLY

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: $        $        $        $      $      $      $      $   
608 942
1,217 1,883 2,550 3,217 4,550 6,550 9,550
1,275 1,608 2,275 3,275 4,775 8,942 13,733 and over 17,883 27,467 and over FYI-104       REV. 11/2023      Page 6
$           But not over: $           $        $        $        $        $        $        $      $        But not over: $        $        $        $        $        $        $      $      
(For wages paid on or after January 1, 2024)
608 942
1,275 1,608 2,275 3,275 4,775 8,942 13,733 1,217 1,883 2,550 3,217 4,550 6,550 9,550 17,883 27,467
(b) MARRIED person If the amount  of wages is: Not Over Over: $           $           $        $        $        $        $        $        $      (b) MARRIED person If the amount  of wages is: Not Over Over: $        $        $        $        $        $        $        $      $      
Table 4 - If the Payroll Period with Respect to an Employee is 
Table 3 - If the Payroll Period with Respect to an Employee is 304 533 763 971 608
1,388 2,054 3,013 5,513 9,054 1,067 1,525 1,942 2,775 4,108 6,025 11,025 18,108
$           $           $           $           $        $        $        $        $        $           $        $        $        $        $        $        $      $      
New Mexico State Wage Withholding Tax Tables for Percentage Method of Withholding
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 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: $          $        $        $        $      $      $      $      
304 533 763 971 608
1,388 2,054 3,013 5,513 9,054 1,067 1,525 1,942 2,775 4,108 6,025 11,025 18,108 and over
and over
$              But not over: $              $              $              $           $           $           $           $           $              But not over: $           $           $           $           $           $           $         $         
304 533 763 971 608
1,388 2,054 3,013 5,513 9,054 1,067 1,525 1,942 2,775 4,108 6,025 11,025 18,108
(a) SINGLE person If the amount of wages is: Not Over Over: $           $           $           $           $        $        $        $        $        (a) SINGLE person If the amount of wages is: Not Over Over: $           $        $        $        $        $        $        $      $

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2,738 4,738 6,738 8,738 12,738 18,738 27,738 52,738 81,488 5,475 9,475 13,475 17,475 25,475 37,475 55,475 105,475 162,975
$        $        $        $        $      $      $      $      $      $        $        $      $      $      $      $      $    $    

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: $        $      $      $      $   $   $   $   

5,475 9,475
2,738 4,738 6,738 8,738 12,738 18,738 27,738 52,738 81,488 and over 13,475 17,475 25,475 37,475 55,475 105,475 162,975 and over
$        But not over: $        $        $        $      $      $      $      $      $        But not over: $        $      $      $      $      $      $    $    

2,738 4,738 6,738 8,738 12,738 18,738 27,738 52,738 81,488 5,475 9,475 13,475 17,475 25,475 37,475 55,475 105,475 162,975
(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: $        $        $      $      $      $      $      $    $    

3,650 5,650 7,650 9,650 13,650 19,650 28,650 53,650 82,400 7,300 11,300 15,300 19,300 27,300 39,300 57,300 107,300 164,800
QUARTERLY $        $        $        $        $      $      $      $      $      SEMI-ANNUAL $        $      $      $      $      $      $      $    $    

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: $        $      $      $      $   $   $   $   

7,300
3,650 5,650 7,650 9,650 13,650 19,650 28,650 53,650 82,400 and over 11,300 15,300 19,300 27,300 39,300 57,300 107,300 164,800 and over FYI-104       REV. 11/2023      Page 7
$        But not over: $        $        $        $      $      $      $      $      $        But not over: $      $      $      $      $      $      $    $    
(For wages paid on or after January 1, 2024)
3,650 5,650 7,650 9,650 13,650 19,650 28,650 53,650 82,400 7,300 11,300 15,300 19,300 27,300 39,300 57,300 107,300 164,800
(b) MARRIED person If the amount  of wages is: Not Over Over: $        $        $        $        $      $      $      $      $      (b) MARRIED person If the amount  of wages is: Not Over Over: $        $      $      $      $      $      $      $    $    
Table 5 - If the Payroll Period with Respect to an Employee is Table 6 - If the Payroll Period with Respect to an Employee is 
1,825 3,200 4,575 5,825 8,325 12,325 18,075 33,075 54,325 3,650 6,400 9,150 11,650 16,650 24,650 36,150 66,150 108,650
$        $        $        $        $        $      $      $      $      $        $        $        $      $      $      $      $      $    
New Mexico State Wage Withholding Tax Tables for Percentage Method of Withholding
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 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: $        $      $      $      $      $   $   $   

3,650 6,400 9,150
1,825 3,200 4,575 5,825 8,325 12,325 18,075 33,075 54,325 and over 11,650 16,650 24,650 36,150 66,150 108,650 and over
$           But not over: $           $           $           $           $         $         $         $         $           But not over: $           $           $         $         $         $         $         $       

1,825 3,200 4,575 5,825 8,325 12,325 18,075 33,075 54,325 3,650 6,400 9,150 11,650 16,650 24,650 36,150 66,150 108,650
(a) SINGLE person If the amount of wages is: Not Over Over: $        $        $        $        $        $      $      $      $      (a) SINGLE person If the amount of wages is: Not Over Over: $        $        $        $      $      $      $      $      $

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42.10 72.90
10,950 18,950 26,950 34,950 50,950 74,950 110,950 210,950 325,950 103.70 134.40 196.00 288.30 426.70 811.30
1,253.70
$      $      $      $      $      $      $    $    $    $        $        $      $      $      $      $      $      $   

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: $          $          $          $          $        $        $        $        

42.10 72.90
10,950 18,950 26,950 34,950 50,950 74,950 110,950 210,950 325,950 and over 103.70 134.40 196.00 288.30 426.70 811.30 and over
1,253.70
$      But not over: $      $      $      $      $      $    $    $    $        But not over: $        $      $      $      $      $      $      $   

42.10 72.90
10,950 18,950 26,950 34,950 50,950 74,950 110,950 210,950 325,950 103.70 134.40 196.00 288.30 426.70 811.30
1,253.70
(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: $        $        $      $      $      $      $      $      $   

56.20 86.90
14,600 22,600 30,600 38,600 54,600 78,600 114,600 214,600 329,600 117.70 148.50 210.00 302.30 440.80 825.40
ANNUAL  MISCELLANEOUS 1,267.70
$      $      $      $      $      $      $    $    $     or $        $        $      $      $      $      $      $      $   

1.7% 3.2% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% 5.9% DAILY
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: $          $          $          $          $        $        $        $        

56.20 86.90
14,600 22,600 30,600 38,600 54,600 78,600 114,600 214,600 329,600 and over 117.70 148.50 210.00 302.30 440.80 825.40 and over FYI-104       REV. 11/2023      Page 8
1,267.70
$      But not over: $      $      $      $      $      $    $    $    $        But not over: $        $      $      $      $      $      $      $   
(For wages paid on or after January 1, 2024)
56.20 86.90
14,600 22,600 30,600 38,600 54,600 78,600 114,600 214,600 329,600 117.70 148.50 210.00 302.30 440.80 825.40
1,267.70
Table 7 - If the Payroll Period with Respect to an Employee is (b) MARRIED person If the amount  of wages is: Not Over Over: $      $      $      $      $      $      $    $    $    (b) MARRIED person If the amount  of wages is: Not Over Over: $        $        $      $      $      $      $      $      $   

28.10 49.20 70.40 89.60
7,300 12,800 18,300 23,300 33,300 49,300 72,300 132,300 217,300 128.10 189.60 278.10 508.80 835.80
Table 8 - If the Payroll Period with Respect to an Employee is 
$        $      $      $      $      $      $      $    $    $        $        $        $        $      $      $      $      $      
New Mexico State Wage Withholding Tax Tables for Percentage Method of Withholding
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 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: $          $          $          $          $          $        $        $        

28.10 49.20 70.40 89.60 128.10 189.60 278.10 508.80 835.80
7,300 12,800 18,300 23,300 33,300 49,300 72,300 132,300 217,300 and over and over
$           But not over: $         $         $         $         $         $         $       $       $           But not over: $           $           $           $         $         $         $         $         

28.10 49.20 70.40 89.60
7,300 12,800 18,300 23,300 33,300 49,300 72,300 132,300 217,300 128.10 189.60 278.10 508.80 835.80
(a) SINGLE person If the amount  of wages is: Not Over Over: $        $      $      $      $      $      $      $    $    (a) SINGLE person If the amount  of wages is: Not Over Over: $        $        $        $        $      $      $      $      $

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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 https://www.tax.newmexico.gov/forms-publications/

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
https://www.tax.newmexico.gov/all-nm-taxes/statutes-with-regulations/. Specific regulations are also
available at the State Records Center and Archives or on its web page at https://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 https://www.tax.newmexico.gov/all-nm-taxes/rulings/.

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 https://www.tax.newmexico.gov/all-nm-
taxes/tax-decisions-orders/.

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. 11/2023 page 9

- 10 -

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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 https://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 Ave. NE, Suite C 1-505-841-6327
Albuquerque, NM 87123
If mailing information to a tax district field
SANTA FE office, please mail to:
Manuel Lujan Senior Building
1200 S. Saint. Francis Dr. Taxation and Revenue Department
Santa Fe, NM 87505 P.O. Box 8485
Albuquerque, NM 87198-8485
FARMINGTON
3501 E. Main St., Ste N
Farmington, NM 87402 For additional contact information please visit the
Department’s website at
LAS CRUCES https://www.tax.newmexico.gov/contact-us/
2540 El Paseo Bldg. 2
Las Cruces, NM 88001

ROSWELL
400 N. Pennsylvania Ave., Ste 200
Roswell, NM 88201

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. 11/2023 page 10

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