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Ithhold a portion of New Mexico income tax from salaries or wages, from pension or annuity income, or from gambling winnings, may use Form RPD-41072, Annual Summary of Withholding Tax, to reconcile the total amounts shown as withheld on annual statement of withholding information returns furnished to withholdees (Federal Forms W-2, W-2G or 1099R) with the total tax withheld and paid to New Mexico on the CRS-1, Wage Withholding, and/or Non-wage Withholding Tax returns. Do not include tax withheld.

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Single Tax Withholding Table If the Amount of Taxable Income Is:The Amount of Tax Withholding Should Be:Over $6,475 but not over $11,975$0.00 plus 1.7% of excess over $6,475Over $11,975 but not over $17,475$93.50 plus 3.2% of excess over $11,975Over $17,475 but not over $22,475$269.50 plus 4.7% of excess over $17,4757 more rows • Mar 30, 2022

New Mexico W-2 State Filing Requirements Form W-2 - Wage and Tax Statements. Form RPD-41072 - Annual Summary of Withholding Tax.

New Mexico's SUI rates range from 0.33% to 6.4%. The taxable wage base in 2023 is $30,100 for each employee, up from $28,700 in 2022.

The State of New Mexico requires pass-through entities (which may be a state law partnership or a limited liability company taxed as a partnership) to withhold tax at 5.9% on earnings of non-resident partners or members if the owner's distributive share of net income is over $100 in a year.

The Division provides customer services through the Call Center (1-866-285-2996) and at district offices in Albuquerque, Santa Fe, Las Cruces, Roswell and Farmington.

Employers must withhold a part of the employee's wages for payment of income tax. New Mexico bases its withholding tax on an estimate of an employee's State income tax liability. The State credits taxes withheld against the employee's actual income tax liability on the New Mexico personal income tax return.

So, if you haven't received a rebate from last year, you should contact the Taxation and Revenue Department. You can check the status of your tax returns by logging on to the state's Taxpayer Access Point at tap.state.nm.us. And you can call 1-866-285-2996 if you still have not received any of the rebates.

Single: W-4 Single status should be used if you are not married and have no dependents. Married: W-4 married status should be used if you are married and are filing jointly.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232