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Amount to Withhold. The amount of tax withheld may vary depending on how many allowances an employee claims on the federal W-4 form and how often wages are paid. Employers should refer to the New Mexico State Wage Withholding Tables located in the FYI-104 to determine the proper amount to withhold.
The amount of tax withheld may vary depending on how many allowances an employee claims on the federal W-4 form and how often wages are paid. Employers should refer to the New Mexico State Wage Withholding Tables located in the FYI-104 to determine the proper amount to withhold.
Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay. If too little is withheld, you will generally owe tax when you file your tax return and may owe a penalty. If too much is withheld, you will generally be due a refund.
The number of employees that New Mexico tax is being withheld for, the New Mexico gross wages, along with the total New Mexico tax withheld must be completed below. If claiming business-related tax credits, include the form Schedule CR from this return.
For New Mexico residents the employer is required to withhold New Mexico income tax from all wages of the employee regardless of the employee’s work location. For nonresident employees, the employer is required to withhold New Mexico income tax only from wages the employee earns within the state.
Instructions to change Federal Form W-4 online: my.unm.edu > Login > Employee Life > LoboWeb > Tax Forms > Form W-4 Employee’s Withholding Certificate. Review your existing W-4 information such as Filing Status, Dependent Amount, Other Income, Deductions, and Additional Withholding.
If you move outside the state of New Mexico, you should complete a new ERB New Mexico State Tax Withholding Form and check this box. ERB can only withhold New Mexico state income tax and federal income tax.
NEW MEXICO ON MY W-2. NOTE: If you make changes to your Federal W-4 online using LoboWeb, Exempt status, Filing Status or Deductions amount (4b) will overwrite each of the above and you must complete this form again to reinstate any of the above options. Email your signed and dated form to pay@unm.edu
An employee’s wages are subject to New Mexico withholding tax if the employer does business in New Mexico or derives income from this state and is required to withhold from the employee’s wages for payment of federal income tax.
I UNDERSTAND THAT TAXABLE INCOME WILL STILL BE REPORTED TO THE STATE OF NEW MEXICO ON MY W2. NOTE: If you make changes to your W-4 online using LOBOWEB, those changes will overwrite each of the above and you must complete this form again to reinstate any of the above options.