USA State Payroll Rates + Resources: State of New Mexico

This documentation outlines the 2022 payroll tax rates and submittal partners in the state of New Mexico.

Unemployment Insurance

• Partner: New Mexico Department of Workforce Solutions

• 2022 Taxable Wage Limit: $27,000 

• 2022 New Employer Rate: 1%

• Workers' Compensation Fee Form WC-1

For more details, see Unemployment + Workers' Compensation Reporting & Payments.

State Income Tax Withholding 

• Partner: New Mexico Taxation & Revenue

• Withholding Table: Withholding Tax Rates (see 2021)

• Form: Federal Form W-4 with "For New Mexico Withholding Tax Only" written on it. 

For more details, see Filing State Income Taxes, W-2s, and 1099s.