New Mexico Payroll Services
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New Mexico Payroll Tax and Labor Laws
Get your New Mexico State Tax ID Numbers
Click HERE to obtain State Tax ID
Click HERE to obtain State Unemployment Tax ID
New Mexico Wage and Hour Laws
Minimum Wage
New Mexico’s minimum wage is currently $12.00 per hour. Please note that several local jurisdictions in New Mexico have their own minimum wage ordinances.
For more information on New Mexico’s state and local minimum wage laws, please click HERE.
Overtime
New Mexico’s overtime law requires employers to pay employees at a rate of one and one-half times their regular rate of pay for all hours worked over 40 in a seven-day workweek.
Pay Frequency
New Mexico’s pay frequency statute requires employers to pay employees no more than 16 days apart. For wages earned from the 1st to the 15th day, employers shall pay by the 25th day of the month. For wages earned from the 16th to the last day of the month, employers shall pay by the 10th of the following month.
New Mexico Unemployment
Taxable Wage Base ($000s): $30,100
New Employer Rate (% Taxable Wages) 1.00% – 1.12% (rate includes surcharges)
Employee Tax Rate (% Taxable Wages): None
New Mexico Income Tax Withholding
New Mexico's law requires employers to withhold state income tax from employees' wages and remit the amounts withheld to the Taxation and Revenue Department.
New Mexico State Resources
New Mexico Department of Workforce Solutions
SurePayroll, Inc. and its subsidiaries assume no liability and make no warranties on or for the information contained on these state payroll pages. The information presented is intended for reference only and is neither tax nor legal advice. Consult a professional tax, legal or other advisor to verify this information and determine if and/or how it may apply to your particular situation.
This website contains articles posted for informational and educational value. SurePayroll is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, SurePayroll. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant. If you require legal or accounting advice or need other professional assistance, you should always consult your licensed attorney, accountant or other tax professional to discuss your particular facts, circumstances and business needs.
Revised 1/1/2024
