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New Mexico Form W-2 2022: What You Should Know

This section includes information on how to complete the New Mexico federal and New Mexico state withholding forms. Do not use the New Mexico federal W-4P. It has to do with State Tax liability. 1. How to Fill out the Federal Withholding 2. How to fill out the New Mexico Withholding (Form W-4P) Section II. Section 2. Section 3. Section 4. Section 5. Section 6. Section 7. Section 8. Section 9. Section 10. Section 11. Section 12. Section 13. Section 14. Section 15. Section 16. Note. This is an incomplete listing. If you find errors or omissions, or if you would like to submit a correction, please let us know. We will edit the article as needed. Section I: Enter the income from the following table and submit the W-2: Form Type W-2/SSN (Form W-4P) Federal Tax New Mexico with withholding: (Form W-2) State of residence only State of employment or self-employment income New Mexico with withholding: (Form W-4P) Income from business activity (excluding wages and salaries) and certain fringe benefits New Mexico with withholding: (Form W-4P) Income from work performed by a tax preparer under special circumstances Employment of a nonresident alien with foreign capital New Mexico with withholding: (Form W-2) Other income and deductions. Please note that Federal deductions may have more than one exemption. For example, a New Mexico resident's Federal tax liability may not exceed the Federal limits for filing year 2023 and federal rules may allow an additional deduction.

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