Stimulus update: Deadline for New Mexico tax rebate worth over $1,000 set for May 2024

New Mexico residents have seven months to file their taxes and receive a 2023 tax rebate from the state legislature.

The New Mexico legislature approved rebates for taxpayers in 2023 to alleviate the strain from rising consumer prices on household budgets, per the state government.

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Those who file their 2021 Personal Income Tax return before May 31, 2024, will receive an income tax rebate of $1,000 for married couples filing joint returns or $500 for single filers and married individuals filing separately.

No application for the rebates is required. Those who filed their returns in the summer months should have received a printed rebate check in the mail through the end of June 2023. Those who opted to receive direct deposits should have received them during the week of June 19.

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For those who do not qualify for the tax rebate, relief payments of $500 and $1,000 are available for New Mexicans. A total of $15 million was appropriated for the payments, which were distributed based on an application process with the Department of Human Services.

Applicants for relief payments can use this link to check their status.