New Mexico Form W-2 Filing Requirements for 2024
New Mexico requires certain businesses to file Form W-2. Check out the W2 filing requirement and simplify your filing with TaxBandits!
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- W-2 E-filing with the SSA and state
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Distribute employee copies via Postal
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Online Access - Retransmit rejected returns at no extra cost
New Mexico W-2 Filing Criteria for 2024
The State of New Mexico mandates W-2 filing, even if no state tax is withheld.
| Criteria | Filing Requirement | Additional Requirement | Due Date |
|---|---|---|---|
|
Even if there is no New Mexico State Tax Withholding |
You must file a W-2 directly with the state E-file with TaxBandits |
No additional form is required If you opt for paper filing, submit RPD-41072 with Form W2 |
January 31, 2025 |
Ready to start filing W-2s with New Mexico?
Information Required to File W-2 Forms with New Mexico
Discover the key information needed to file Form W2 with the State of New Mexico.
1. Employer’s state ID number
The employer's state identification number refers to the New Mexico Withholding Tax Account Number.
New Mexico State ID Format: 11 digits - 2 digits and hyphen followed by 6 digits and hyphen followed by 2 digits and hyphen followed by 1 digit (Eg: 99-999999-99-9 )
2. New Mexico state/local wages
The total amount of taxable wages, tips, that is subject to New Mexico state income tax.
3. New Mexico state tax withheld
The total amount of state income taxes withheld from the employee’s wages.
If you’ve withheld any New Mexico taxes, you must file Reconciliation Form RPD-41072.
E-file W-2s to the State of New Mexico in minutes with TaxBandits!
New Mexico Taxation and Revenue Department Annual Summary of Withholding Tax
Form RPD-41072 is an Annual Summary of Withholding Tax used to report the total income taxes withheld from employees and taxes remitted to the state. It's also used to claim an overpayment refund or pay if the taxes are underpaid.
Information Reported on Form RPD-41072
- Business information
- Schedule of New Mexico income tax withheld and reported
- Number of annual statements of withholding submitted. (Federal Forms W-2, W-2G or 1099R)
- Total New Mexico income tax withheld for the taxable year
- Total New Mexico income tax withheld and reported during the reporting year.
Total New Mexico income tax withheld and reported during the reporting year.
TaxBandits – Simplifying New Mexico State W-2 Compliance
TaxBandits supports the e-filing of W-2 forms directly with the New Mexico Department of Revenue, ensuring compliance with state regulations.
Lowest Pricing
TaxBandits offers the most affordable solution for New Mexico W-2 filings, saving you both time and money.
State Filing Guidance
TaxBandits provides comprehensive instructions at every step to ensure your W-2 e-filing is completed effortlessly and accurately, reducing the risk of errors.
State Form PDFs
Easily access and download New Mexico W-2 form PDFs for filing corrections or record-keeping purposes.
Free Resubmissions
If your W-2 forms are rejected by the New Mexico Department of Revenue, you can correct errors and resubmit them for free.
Start filing your New Mexico W-2 returns with TaxBandits by creating an account!
How to File New Mexico W-2 with TaxBandits?
Create your free account and follow these simple steps to effortlessly e-file Your W-2 is with the federal government and the state of New Mexico!
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Step 1: Choose Form W-2
Select the type of W-2 form you want to file.
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Step 2: Enter Form W-2 details
Complete the form using manual entry or other bulk import options.
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Step 3: Complete State Information
Ensure you complete the state-specific fields.
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Step 4: Choose Distribution Options
Opt for our distribution services – Postal Mailing, Online Access, or BanditComplete.
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Step 5: Review and Transmit
Review your form and transmit it to the IRS and state agencies.
Are you ready to begin e-filing your W-2 Form with New Mexico State? File in minutes with TaxBandits!
Frequently Asked Questions
Does New Mexico require W2 filing?
Yes. The New Mexico Taxation and Revenue Department mandates the filing of the W2 Forms even if there is no state tax withholding.
Does New Mexico have any additional requirements when you file W2 forms?
Yes. The state of New Mexico requires additional forms to file along with Form W2.
If you paper file, you must send RPD-41072 along with form W2. If you electronically file, you do not need to send Form RPD-41072.
What is Form RPD-41072?
Form RPD-41072 is used to reconcile the total amounts shown as withheld on annual statement of withholding information returns furnished to recipients (Federal Form W2) with the total tax withheld and paid to New Mexico on CRS-1 returns.
What is the due date to file W2 with New Mexico?
The due date to file Form W2 is January 31 and Form RPD-41072 with the State of New Mexico is January 31.
What are the requirements to file W2 electronically with New Mexico?
New Mexico mandates filing electronically if you are submitting 25 or more W2s.
What are the penalties for not filing or filing W2 late with New Mexico?
A penalty is 2% of the tax due for each month or part of a month the return is not filed or the tax is not paid, to a maximum of 20% for not filed W2 with New Mexico.
Learn more about Form W-2 penalties.
Where do I mail New Mexico W2 forms?
Mail your Form W2s along with the RPD-41072 to the following address
New Mexico Taxation and Revenue Department,
P.O. Box 25128, Santa Fe,
NM 87504-5128.
If you’re looking for an IRS-certified e-file provider, check out TaxBandits! We support the W2 filing with the SSA and states.
Get started with TaxBandits today and stay compliant with the State of New Mexico! Start Filing Now
