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$1,000 in Tax Relief: Still Available for New Mexico Residents

New Mexico residents can still apply for a $1,000 relief payment by submitting their tax returns.

The U.S. Sun state in their article published on January 4, 2023 that as of August 15, 2022, 2.4 million rebates have been issued to residents of New Mexico. $20 million is allocated for these payments, which are distributed on a first-come, first-serve basis.

Taxpayers who have already filed their 2021 returns will receive their rebates via direct deposit. If banking information has changed, a paper check will be issued. The deadline for submitting 2021 tax returns and being eligible for the rebate is May 31, 2023.

New Mexico is distributing two rebates, one for $500 for married couples, heads of household, and surviving spouses with incomes under $150,000, and one for $250 for single filers and married individuals filing separately with incomes under $75,000.

The second rebate offers $500 for single filers and married individuals filing separately, and $1,000 for joint filers, heads of households, and surviving spouses. These rebates will be automatically sent to taxpayers who have already filed their 2021 personal income tax return.

Taxpayers who have not yet filed their 2021 return, and are not claimed as a dependent on another taxpayer’s return, can still do so until May 31, 2023.

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