New Mexico 2023 Tax Rates
2023 New Mexico Taxes
Withholding Requirements
- Register as an employer on the New Mexico Taxation and Revenue website
Employee's Withholding Tax Exemption Certificate
: Federal Form W-4Withholding Method
: FormulaSupplemental Wage / Bonus Rate
: Withhold as for federal; withhold at 5.9% if flat rate for federal
New Mexico Local Taxes
- None
New Mexico State Unemployment Insurance (SUI)
New Mexico Wage Base
: $30,100 for 2023New Mexico SUI rates range from
: 0.33% to 6.4% for 2023New Mexico new employer rate
: 1.0% for 2023- Get your unemployment insurance rate: New Mexico UI agency website
New Mexico State Disability Insurance (SDI)
- None
New Mexico Family Leave Insurance (FLI)
- None
New Mexico State Labor Laws
New Mexico Minimum Wage
: $12.00 per hourNew Mexico Termination Pay
:- Employee is fired — pay within 5 days. Task, piece, and commission must be paid within 10 days
- Employee quits — pay next regular payday
New Mexico New Hire Reporting
- New Mexico New Hires Directory
PO Box 29480
Santa Fe, NM 87592-9480 - Phone: 888-878-1614
- Fax: 505-827-7285
Remit Withholding for Child Support to
- State Disbursement Unit
PO Box 25109
Santa Fe, NM 87504 - Phone: 800-288-7207
New Mexico Reciprocal States
- None
These free resources should not be taken as tax or legal advice. Content provided is intended as general information. Tax regulations and laws change and the impact of laws can vary. Consult a tax advisor, CPA or lawyer for guidance on your specific situation.