Paychecks changed for New Mexico workers from Jan. 1, 2012
The withholding allowances for employee claims is $3,800 in year 2012 which is increased from $3,750 in year 2011. The The New Mexico income tax rates range from 1.7% to 4.9% and are levied on New Mexico residents’ income and non-residents’ income from New Mexico sources.
EzPayCheck payroll software includes this changes in its 2012 version.
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- The new New Mexico 2012 Withholding Tables (Effective Jan 1, 2012) is available at:
http://www.halfpricesoft.com/2012/taxrate-newmexico-2012.asp
- The old New Mexico Tax Tables can be found at:
http://www.halfpricesoft.com/2011/taxrate-newmexico-2011.asp
