New Mexico Payroll Services
New Mexico Payroll Tax And Labor Laws
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Did you know that outside sales agents in New Mexico are not required to be paid the state’s minimum wage of $10.50 per hour?
New Mexico Wage and Hour Laws
Employers must pay at least $10.50 per hour to employees covered by New Mexico’s minimum wage legislation.
Except for the following personnel, who are not covered:
- commission-based salespeople and workers that operate on piecework or flat-rate basis;
- apprentices and students
- Ambulance service workers;
- non-college students who work after school or on weekends;
- non-students or high school graduates under the age of 18
- a group of farm laborers
New Mexico Payroll for Employers
New Mexico Unemployment:
Taxable Wage Base ($000s): 27,000
New Employer Rate (% Taxable Wages) 1.00 – 1.62*
New Mexico Income Tax Withholding
Employers must withhold state income tax from employees’ pay and return the amounts withheld to the Taxation and Revenue Department under New Mexico law.
New Mexico Benefits
New Mexico Voting Rights:
Employer Right to Schedule Voting Hours Yes
Pay Deduction for Voting Time Leave Prohibited
New Mexico requires employers, under certain circumstances, to allow employees sufficient time off to vote. All employers in New Mexico must allow employees time off to vote if they do not have sufficient time to vote before or after work. This summary is restricted to coverage of private employers.
Employers must permit employees to take up to two hours to vote unless the polls are open longer than two hours before work or longer than three hours after work.
New Mexico State Tax Resources
Question on FUTA (Federal Unemployment Tax Act)
See What is FUTA article
AccuServe Payroll disavows any responsibility or warranty for the information on these state payroll pages. The material provided is for informational purposes only and does not constitute tax or legal advice. Verify this information with professional tax, legal, or other experts to see if and how it applies to your specific circumstances.
This website provides articles that are intended to be informative and educational. AccuServe Payroll is not responsible for the accuracy of any of the information provided on these pages. AccuServe Payroll does not necessarily agree with or support any of the views stated in the materials. The information contained in these documents should not be construed as legal or accounting advice, nor should it be used to replace legal, accounting, or other professional advice where the facts and circumstances justify it. If you need legal or accounting advice or other professional assistance, to address your specific facts, circumstances, and business needs, you should always consult a licensed attorney, accountant, or other tax specialists.