New Mexico State Tax Information


New Mexico Minimum Wages
Effective 01/01/08Effective 01/01/09Effective 01/01/09
Minimum Wage:$6.50$7.50$9.00
Min. Cash Wage:$2.13$2.13$2.35
Max. Tip Credit:$4.37$5.37$6.65

New Mexico State Income Tax
Wage Withholding:Tables
Supplemental Wage/Bonus Rate:4.9%

New Mexico Unemployment Insurance
Maximum 2020 Taxable Earnings:$25,800
(Decreased from $24,300 in 2019)
Employee Deduction:None
Employer 2020 Tax Rates:0.33 - 5.4%
Standard 2020 New Employer Rate:Greater of: 1.0% or Industry Average
Voluntary Contribution Permitted:No

New Mexico Disability Insurance
Employee Deduction:None

New Mexico Workers Compensation
Employee assessment (per calendar quarter):$2.00
(Per calendar quarte)
Employer assessment (per calendar quarter):$2.30
(For each covered employee, per calendar quarter)

New Mexico State Agencies web sites:


Other states

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine
Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma
Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Virgin Islands Washington West Virginia Wisconsin Wyoming