New Mexico Rebate Money Is Still On Its Way

Cadrene Heslop

New Mexico plans to issue refundable income tax rebates to all taxpayers. The payments got broken into two parts. One check in June and the other in August. (source)

The payments are $250 for individual filers. And joint filers, heads of households, and surviving spouses will receive $500. But some residents still await the first check. The state expects to send monies to 800,000 recipients. But as of August 1, about 30,000 June payments await mailing. Stephanie Schardin Clarke is the state's Taxation and Revenue secretary. Stephanie explained the delay. (source)

"The taxpayer might have filed a return but for some reason, there was an error on their return, so it couldn't yet be accepted. So we're working down those. We’ll be issuing rebate checks as long as people are resolving their issues with us. There are a lot of taxpayers who filed an extension and their taxes aren’t even due until Oct. 15."
Photo by Alexander Mils on Unsplash

The payments are for taxpayers. So, there is no need to take action. Who are the recipients? Taxpayers who have or will file their 2021 income taxes before May 1, 2023. Taxpayers who filed individually should earn less than $75,000. Married couples jointly filing should have incomes under $150,000. They will automatically receive the rebates via direct deposit or paper check. (source)

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*Disclaimer: This article is for informational purposes only. This article got written using accredited media reports.*

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