Tax Rebates of $500 for single filers and $1,000 for married taxpayers filing jointly, heads of household, and surviving spouses will be sent to New Mexico by the state Taxation and Revenue Department (TRD).
The reimbursements will be given automatically to any New Mexico citizen who filed a 2021 New Mexico Personal Income Tax return and who was not listed as a dependent on the return of another taxpayer. To be eligible for the refunds, there is no application.
When to Expect Tax Rebate Checks from New Mexico
The state will begin mailing the $500 tax rebate checks from New Mexico in mid-June, distributing more than $673 million to qualified taxpayers, according to an announcement made by Governor Grisham on Friday.
For the most part, residents can receive the reimbursement without submitting any paperwork. Residents who filed their 2021 New Mexico Personal Income Tax returns and who were not claimed as dependents by another person will automatically receive tax rebate checks from the state of New Mexico.
The governor further explained that while single filers would receive a $500 tax relief, married couples filing jointly, heads of household, and surviving spouses would receive a $1,000 tax credit.
The deadline for those who haven’t already done so to file their 2021 return in order to be eligible for the rebate is May 31, 2024.
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Who Will Receive What: A Paper Check Or A Direct Deposit?
While some taxpayers will receive a check in the mail, those who received their 2021 refund via direct deposit will receive their rebate by the same method.
As anticipated, direct deposits will be sent out first, and printed checks will start to be mailed in the middle of June.
It is crucial that taxpayers who anticipate receiving a paper check have given the tax authorities their accurate mailing address.
If you have changed addresses since submitting your 2021 return, you must update your address.
By using the Taxpayer Access Point self-service portal or by filing Form RPD-41260 (Personal Income Tax Change of Address Form), taxpayers can amend their addresses.
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