NM - Underpayment Interest Rates

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New Mexico Underpayment Interest Rates

Year Qtr 1
1/01 - 3/31
Qtr 2
4/01 - 6/30
Qtr 3
7/01 - 9/30
Qtr 4
10/01 - 12/31
2014 3% % % %
2013 3% 3% 3% 3%
2012 3% 3% 3% 3%
2011 3% 4% 4% 3%
2010 4% 4% 4% 4%
2009 5% 4% 4% 4%
2008 7% 6% 5% 6%
2007 15% 15% 15% 15%
2006 15% 15% 15% 15%
2005 15% 15% 15% 15%
2004 15% 15% 15% 15%


The Secretary of the N.M. Taxation & Revenue Dept. said, during a liaison meeting with the N.M. Society of CPAs in December 2006, that the penalty for underpayment of estimated tax would be enforced for tax year 2006. Submitted by -- Larry Hess, CPA, Albuquerque, NM - Talk to me

For more information, see Federal Underpayment Interest Rates, which includes federal rates as well as links to other states.

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