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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, 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 

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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 

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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 

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                            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         

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                                                                                                                                                                                                                                                                                                                                                                       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:                        $                             $                             $                          $                         $                       $                       $                       $                     $

- 6 -

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                                                                                                                                                                                                                                                                                                                                                                                         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:                        $                          $                         $                         $                       $                       $                     $                     $                   $

- 7 -

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                                                                                                                                                                                                                                                                                                                                                                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:                     $                       $                       $                     $                     $                   $                   $                 $                $

- 8 -

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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          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:                     $                       $                             $                             $                             $                           $                         $                         $                         $

- 9 -

Enlarge image

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 

- 10 -

Enlarge image

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 

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