New Mexico issues 2021 percentage method tables
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Friday, January 15, 2021

New Mexico issues 2021 percentage method tables

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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