As of August 15, 2022, approximately 2.4 million rebates have been issued to New Mexicans. A total of US $20 million has been allocated for aid payments and will be distributed on a first-come, first-served basis. Individuals who have already filed their 2021 tax returns will receive rebates on direct deposits.
You will receive a paper check if your bank details have changed after submission. The New Mexican must file thier 2021 tax return by May 31, 2023 to remain eligible for the rebate.
Are you eligible?
There are two discounts offered by New Mexico. In the first rebate, the couple who files a joint statement, the head of the household, and the surviving spouse whose income is less than her $150,000 can receive her $500. Singles and married persons earning less than her $75,000 apply separately and receive $250.
Co-applicants, head of household, and surviving spouse will receive $1,000. Rebates will be automatically sent to taxpayers who have submitted their 2021 income tax returns.
Individuals who have not filed their 2021 New Mexico income tax returns and who are not claimed to be dependent on another taxpayer’s return must file their returns by May 31, 2023. there is.
Other discount programs
The Colorado individual applicant will receive a tax refund of $750, and the joint applicant will receive her $1,500.
The Colorado Cash Back Program is already giving Colorados tax refunds.
Those who applied for an extension and submitted their tax returns by October 17th will be able to receive their refunds by January 31st. Additionally, California residents receive cash from the Middle Class Tax Refund Program.
More than 25 million in the state have already benefited from this initiative, which allows residents to receive their $1,050 inflation aid.