There are fewer and fewer stimulus payments in effect in some states in the United States. New Mexico is one of them. Since the beginning of the year, the governor approved it a direct payment of up to $1,000, for which some residents may qualify.
Earlier this year, New Mexico Governor Michelle Lujan Grisham and the state legislature approved rebates for state taxpayers, as well as economic assistance payments to New Mexico residents They are not required to file taxes.
“Prices for basic needs remain high throughout the country,” said Governor Luján Grisham, in a statement. “Our state is now in a wonderful financial position and it’s important to me that New Mexico families share in that success.”
The Texas government points out that these approved refunds are equivalent to income tax, where applicable married couples filing jointly, heads of household and surviving spouses receive up to $1,000. For their part, single taxpayers and married couples filing separate returns will receive $500.
Refunds will be sent automatically to New Mexico residents who filed a 2021 Personal Income Tax (PIT) return and are not declared as dependents on another taxpayer’s return.
The New Mexico Department of Taxation and Revenue says that People who have already filed their return do not need to do so to receive their payment. The first paper refund checks have been sent out since the beginning of the year, while direct payments began being deposited in June.
On the other hand, those who did not file their 2021 state tax return, They have until May 31, 2024 to do so.
Refunds will be given to any resident who has completed their 2021 PIT, even if you file with an ITIN or Social Security number. Taxpayers declared as a dependent on another taxpayer’s return are not eligible.
Besides, The New Mexico government will also send relief payments of $500 or $1,000 for New Mexicans who do not qualify for the above refunds.. A total of $15 million has been allocated for payments, which are distributed based on the application process of the Department of Human Services (HSD).
According to the government portal, people who are disabled or not required to file a tax return, They should be careful when requesting payment through HSD because the applications are not yet available.
“A public announcement will be made before the application process opens,” the New Mexico government clarified.