Governor Michelle Lujan Grisham and the Legislature approved the 2023 tax rebates for taxpayers of New Mexico state, as well as economic relief to New Mexico residents who are not mandated to file their taxes.
Nearly 1 million New Mexico taxpayers to receive tax rebates, relief payments
New Mexico is in a financial position to give tax rebates. The money will help the resident provide their necessities.
Governor Grisham and Lawmakers approved the 2023 tax rebates and relief payments for New Mexicans.
The following is the information on the tax rebates and relief payments:
- Married Couples filed jointly will receive a tax rebate of $1000.
- Married Couples filed separately, single, head of household, and surviving spouse will receive a tax rebate of $500.
- The tax rebates will be sent automatically to taxpayers who have filed a 2021 Personal Income Tax return.
- No application is required. Tax rebate checks will be printed and mailed at the end of June 2023.
- Eligible taxpayers have until May 31, 2024, to file the 2021 tax rebates.
- Relief payments will be given to not qualified residents for tax rebates. The amount has not been determined, but $15 million has been allocated for the relief payments. The payment will distribute in July.