By Payroll and Entitlements Editorial Staff
New Mexico has issued percentage method withholding tables for wages paid on and after January 1, 2021. The supplemental wage rate will increase to 5.9%. All of the tables are reproduced in the Payroll Management Guide at ¶7388 and ¶7389. (New Mexico Taxation and Revenue Department, FYI-104, New Mexico Withholding Tax effective January 1, 2021 (Rev. 12-2020)).
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