New Mexico issues 2018 withholding tables

New Mexico has released new withholding tables for wages paid on and after January 1, 2018. The supplemental wage rate will remain 4.9%. The annual exemption value will remain $4,050. In addition, all of the tables will be reproduced in the Payroll Management Guide at ¶7388 and ¶7389 in a future release. (New Mexico Taxation and Revenue Department, FYI 104, New Mexico Withholding Tax Form, effective January 1, 2017.)

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