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Second round of bribes - tax rebates coming for New Mexicans
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useapen
Nov 3, 2023, 1:34:34 AM11/3/23
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NEW MEXICO (KRQE) – New Mexicans will soon be getting hundreds of dollars;
it will be in the form of tax rebates. There will be a second round of
economic relief thanks to a bill that passed during the 2023 legislative
session.
New Mexicans who previously filed taxes could get up to $1,000 in rebates.
During a press conference today, economic officials estimated more than
935,000 tax filers are expected to be eligible for a rebate.
“We also know that we’re in a time of elevated inflation and that New
Mexicans struggle to pay for basic necessities like food and utilities…The
rebates come hopefully to New Mexicans at a time where they can put that
money right back into the local economy,” says Stephanie Schardin Clarke,
a Tax and Revenue Secretary.
The New Mexico Human Services and the Taxation and Revenue Department say
more than $15 million is available for this round of payments. New Mexican
residents who used direct deposit when filing their 2021 tax returns will
get rebate checks automatically through direct deposit.
Single tax filers will get $500, while married couples are eligible for
$1,000. They said last year’s rebates had issues due to people filing late
tax returns, but they don’t anticipate the same problem this time.
“So, this year, we have the benefit of working off of a tax filing year
that is basically complete and processed; so that should be very quick,”
says Clarke.
June 21 will be the magic date for people to start seeing the rebates hit
their bank accounts – if they got their tax returns by direct deposit.
Rebate checks will begin to be printed and mailed out between June 20-29th
and should be received via mail by the beginning of July.
Low-income New Mexicans who do not file income tax returns are eligible to
apply for an economic relief payment. The legislature allocated a total of
$15 million for economic relief payments, and these funds will be
available to low-income applicants on a first-come, first-served basis.
Those who are interested can apply at their website.
https://www.krqe.com/news/new-mexico/second-round-of-tax-rebates-coming-
for-new-mexicans/
it will be in the form of tax rebates. There will be a second round of
economic relief thanks to a bill that passed during the 2023 legislative
session.
New Mexicans who previously filed taxes could get up to $1,000 in rebates.
During a press conference today, economic officials estimated more than
935,000 tax filers are expected to be eligible for a rebate.
“We also know that we’re in a time of elevated inflation and that New
Mexicans struggle to pay for basic necessities like food and utilities…The
rebates come hopefully to New Mexicans at a time where they can put that
money right back into the local economy,” says Stephanie Schardin Clarke,
a Tax and Revenue Secretary.
The New Mexico Human Services and the Taxation and Revenue Department say
more than $15 million is available for this round of payments. New Mexican
residents who used direct deposit when filing their 2021 tax returns will
get rebate checks automatically through direct deposit.
Single tax filers will get $500, while married couples are eligible for
$1,000. They said last year’s rebates had issues due to people filing late
tax returns, but they don’t anticipate the same problem this time.
“So, this year, we have the benefit of working off of a tax filing year
that is basically complete and processed; so that should be very quick,”
says Clarke.
June 21 will be the magic date for people to start seeing the rebates hit
their bank accounts – if they got their tax returns by direct deposit.
Rebate checks will begin to be printed and mailed out between June 20-29th
and should be received via mail by the beginning of July.
Low-income New Mexicans who do not file income tax returns are eligible to
apply for an economic relief payment. The legislature allocated a total of
$15 million for economic relief payments, and these funds will be
available to low-income applicants on a first-come, first-served basis.
Those who are interested can apply at their website.
https://www.krqe.com/news/new-mexico/second-round-of-tax-rebates-coming-
for-new-mexicans/
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