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NMDWS issues revised 2021 employer tax rates

For Immediate Release
May 24, 2021

Contact: Stacy Johnston
Acting Public Information Officer
505.250.3926

NMDWS issues revised 2021 employer tax rates

(Albuquerque, NM) – A tax rate review and recalculation was conducted for all New Mexico employers by the New Mexico Department of Workforce Solutions (NMDWS) under the provisions of the Small Business Recovery Act of 2020. Revised notices were sent out last week informing employers if their rate increased, decreased, or was unchanged from the notices sent in November 2020.

NMDWS recalculated the tax rate for over 50,000 contributory employers to omit benefit charges, employer wages, and contributions for the period of March 1, 2020 through June 30, 2020. As a result of the recalculation, roughly 9,000 employers had their tax rate for 2021 decrease when compared to the rate initially issued in November 2020. Roughly 2,000 employers received a tax rate increase and the remaining employers’ rates remained unchanged.

The first quarterly payment due date to NMDWS has been extended to May 31, 2021. Employers who have already made their first quarter payment and received a notice that their tax rate decreased will receive a credit on their account, or may request a refund by logging into their employer account in the Unemployment insurance Tax & Claims System or by contacting the Unemployment Insurance Operations Center at 1-877-664-6984, 7:00 a.m. to 5:00 p.m. Monday through Friday.

 

 

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