![]() ![]() Apply the taxable income computed in step 4 to the following tables to determine the annual New Mexico tax withholding:.Multiply the adjusted gross biweekly wages by the number of pay dates in the tax year to obtain the gross annual wages.Add the taxable biweekly fringe benefits (e.g., taxable life insurance) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.Subtract the nontaxable biweekly Federal Employees Health Benefits Plan payment(s) (includes dental and vision insurance program and Flexible Spending Account - health care and dependent care deductions) from the amount computed in step 1.Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.Withholding Formula (Effective Pay Period 08, 2021) Employees who have not previously submitted a prior to 2020 W-4, and have not submitted a 2020 or newer Federal Form W-4, will default to Single. Employees who have not previously submitted a 2020 or newer Federal Form W-4, but have submitted a prior to 2020 Federal Form W-4, will default to the prior to 2020 Federal Form W-4 submission. The M and MJ marital statuses will be treated as Married.Ī State tax certificate is not required since the Federal Marital Status is used in the computation of the State formula. The S and MS marital statuses will be treated as Single. MS/MJ/HH, for 2020 and newer Federal Form W-4 W-4 (see the Additional Information section) No action on the part of the employee or the personnel office is necessary. The Single and Married tax withholding formulas for the State of New Mexico have changed. TAXES 21-23, New Mexico State Income Tax Withholding If you are looking for the most up-to-date information, please visit the current Publications pages under the HR Client Services page. The content and references contained within the archives may no longer apply. ![]() As a result, hyperlinks may no longer function and may reference other archived material. ![]() This area has been archived for research purposes and is no longer actively maintained. You have reached NFC’s publication archives ![]()
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