Companies who pay employees in New Mexico must register with the NM Department of Taxation and Revenue for a Combined Reporting System (CRS) ID Number and the NM Department of Workforce Solutions (DWS) for an Employer Account Number. NM also requires employers in NM to register their payroll provider as a third-party administrator to allow the provider to file and pay their NM taxes.
New Mexico Taxation & Revenue Department (CRS) ID Number: 01-999999-99-9 (11 digits) first two digits should be 01,02, or 03.
New Mexico Department of Workforce Solutions: 99-9999-9 (7 digits)
Dept. of Workforce Solutions for unemployment taxes.
Taxation & Revenue Department for withholding taxes.
|Supplemental Wage / Bonus Rate||4.0%|
|Maximum 2020 Taxable Earnings||$25,800|
|Employee 2020 Deduction||None|
|Employer 2019 Tax Rates||0 .33 - 5.4%
|Standard 2019 New Employer Rate||1. 0 % or Industry Average, whichever is higher|
|Voluntary Contribution Permitted||No|
|Workers 2020 Compensation Fee
- Employee Assessment
- Employer Assessment
$ 2 .00 per calendar quarter
$ 2 .30 for each covered employee, per calendar quarter
|Minimum Wage||$ 9 .00|
|Minimum Cash Wage(Tipped Employee)||$ 2 .35|
|Maximum Tip Credit||$ 6 .65|
Employers who use Zenefits Payroll to pay employees in New Mexico must authorize Zenefits Payroll as a third-party administrator (TPA) with the New Mexico Department of Workfo... Learn more