![]() The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. Second, we also include links to advertisers' offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers' offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.The Forbes Advisor editorial team is independent and objective. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.Ĭopyright © 1996 – 2024, Ernst & Young LLPĪll rights reserved. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. ![]() ![]() The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. Kenneth Hausser ( Debera Salam ( Payroll News Flash.Workforce Advisory Services - Employment Tax Advisory Services It is assumed that the supplemental withholding rate for New Mexico state income tax withholding purposes will increase to 5.9% in 2021 however, confirmation is needed from the New Mexico Department of Revenue.įor married individuals filing separate returns:įor heads of household, surviving spouses and married individuals filing joint returns:įor single individuals and for estates and trusts:įor additional information concerning this Alert, please contact: 270) and effective January 1, 2021, the personal income tax rates are revised as shown below, with the highest tax rate increasing from the current 4.9% to 5.9%.Ĭurrently, employers can withhold New Mexico income tax at the flat rate of 4.9% on supplemental wages. New Mexico personal income tax rates revised starting in 2021
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |