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 |
|---|---|---|---|---|
| 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.
