The 2023 one-time refund payments will start to be mailed to qualified residents in the upcoming weeks. Your filing status for the 2021 tax year will affect the payment’s size. The majority of New Mexicans won’t need to apply in order to receive the money. You can anticipate receiving a $1,000 payment if your filing status in 2021 was head of the family, married filing jointly, or qualified widow(er).
The refund payment will be issued to the primary taxpayer identified on your 2021 New Mexico state tax return if your filing status for that year was married filing jointly. New Mexicans who choose direct deposit for their state tax refund in 2021 should anticipate receiving their stimulus payment in the same manner.
Stimulus Check For New Mexico
The New Mexico stimulus checks will be mailed to all other qualified taxpayers. The New Mexico income tax credit is not available to taxpayers who are claimed as dependents on a 2021 tax return.
What if I didn’t have to submit a tax return for 2021? Even if you weren’t obliged to file a New Mexico income tax return in 2021 (for instance, if you earned non-taxable income like Social Security), you could still be qualified to receive a stimulus check.
When applications are available, you will have to apply to get the stimulus check, and there could not be enough money. Officials from New Mexico advise residents who were exempt from filing tax returns to submit their applications as soon as they become available. It’s anticipated that these relief payments will be made in July 2023. In the middle of June, New Mexicans who submitted a 2021 tax return can start checking their bank accounts. You should anticipate receiving a check in the mail as soon as late June if your direct deposit information has changed after you filed a 2021 state return or if you did not receive a 2021 tax refund by direct deposit.
