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Web more information on who must withhold new mexico wage withholding tax can be found in the instructions for this form and in. It is calculated based on an estimate of an employee or. Web who must complete this form: The amount of tax withheld may vary depending on how many allowances an employee claims on the. New mexico state withholding election (right facing green column) box number one (1) new mexico. Web new mexico withholding tax is similar to federal withholding tax. Web new mexico bases its withholding tax on an estimate of an employee’s state income tax liability. Web new mexico withholding tax is similar to federal withholding tax. Web apply to new retirees. Employers, payers and gambling establishment operators who withhold a portion of new. Welcome to the new mexico taxation and revenue department’s forms & publications page. It is based on an estimate of an employee’s new mexico.