New Mexico State Facts
New Mexico Effective 1/1/2022 Federal Effective 7/24/2009
New Mexico Department of Labor Webpage
| New Mexico Final Paycheck Law | |
|---|---|
| Fired: | Unpaid wages, if a fixed and definite amount (not based on a task, piece, commission basis or other method of calculation), become due immediately on demand and must be paid within 5 days of discharge. In all other cases, the payment of wages must be made within 10 days of discharge. |
| Quit: | If an employee (not having a written contract for a definite period) quits, the final paycheck is due at the next succeeding payday. |
| New Mexico Direct Deposit Law | |
|---|---|
| Force Direct Deposit: | No |
| New Mexico Minimum Wage | |
|---|---|
| Minimum Wage | $11.50 |
| Minimum Cash Wage(Tipped Employee) | $2.80 |
| New Mexico State Income Tax | |
|---|---|
| Wage Withholding | Tables |
| New Mexico Unemployment Insurance | |
|---|---|
| Maximum 2022 Taxable Earnings(Increased from $27,000 in 2021) | $28,700 |
| Employee 2022 Deduction | None |
| Employer 2022 Tax Rates | 0.33 – 6.4% |
| Standard 2022 New Employer Rate | 1.08% or Industry Average, whichever is higher |