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Tax rebate checks to be sent next week

Tax rebate checks to be sent next week
TONIGHT ON ACTION SEVEN NEWS AT SIX. THOUSANDS OF NEW MEXICANS WILL SOON GET TAX REBATE CHECKS. THE $500 CHECKS WILL GO OUT AS SOON AS JUNE 16TH. THE REBATES WERE APPROVED FOR ANY NEW MEXICAN WHO FILED A 2021 STATE TAX RETURN AND WEREN’T A DEPENDENT COUPLES WILL GET $1,000. IT’S NOT TOO LATE TO FILE A
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Tax rebate checks to be sent next week
Tax rebate checks approved in the 2023 legislative session will begin to hit bank accounts on June 16, 2023.How much is the rebate check worth?The state Taxation and Revenue Department will send $500 rebate checks to single filers and $1000 rebate checks to couples filing jointly.Who qualifies for a rebate?All New Mexico residents who filed a 2021 state income tax return and who were not declared as a dependent will receive the rebates automatically. There is no application to receive the rebates if you filed your 2021 tax return.How will I get the rebate check?Residents who received their 2021 refund by direct deposit will get their rebate deposited directly into the bank account listed on their 2021 tax return. All others will receive rebates by check.Those who have changed their banking information after filing a 2021 tax return will receive the rebate by mail.MORE | Tax rebates signed into law for New MexicoThose who have moved to a different address can update their address by submitting this form to the Taxation and Revenue Department or on the department's website. The department is urging those receiving a paper check to update their address with the department.Direct deposits will be distributed first, and checks will be mailed out over a period of a few weeks.When will I get the rebate check? Rebate checks for those who filed their 2021 tax return with direct deposit will see the rebate check in their bank account starting June 16. Paper checks are expected to be issued in late June. What if I didn't file taxes in 2021?New Mexico residents who are eligible for the tax rebate checks have until May 31, 2024, to file a 2021 tax return to qualify for the rebates.Residents who are not required to file income taxes due to income levels will have the option of applying for the rebate on the New Mexico Human Services Department website.The rebate for low-income applicants will be sent on a first-come, first-serve basis. The following information is needed for those who apply through the state human services department: One of the following: New Mexico driver’s license number, individual taxpayer identification number (ITIN) or social security number. NM residential address and/or mailing address. Direct deposit information (U.S. bank account number and routing number) if available.The deadline to apply for the rebate is June 23. What if I didn't get the previous rebate check? The Taxation and Revenue Department says nearly 15,000 rebate checks were returned as undeliverable last year. Those who are missing their last rebate check need to ensure their address on file is correct. Undeliverable checks will be turned over to the Taxation and Revenue Department's Unclaimed Property Division after 13 months. The 2022 checks will soon go to unclaimed property. Click here for more information about unclaimed property. What if I have more questions? You can visit the Taxation and Revenue Department's website for more information about the rebates and the process.

Tax rebate checks approved in the 2023 legislative session will begin to hit bank accounts on June 16, 2023.

How much is the rebate check worth?

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The state Taxation and Revenue Department will send $500 rebate checks to single filers and $1000 rebate checks to couples filing jointly.

Who qualifies for a rebate?

All New Mexico residents who filed a 2021 state income tax return and who were not declared as a dependent will receive the rebates automatically.

There is no application to receive the rebates if you filed your 2021 tax return.

How will I get the rebate check?

Residents who received their 2021 refund by direct deposit will get their rebate deposited directly into the bank account listed on their 2021 tax return. All others will receive rebates by check.

Those who have changed their banking information after filing a 2021 tax return will receive the rebate by mail.

MORE | Tax rebates signed into law for New Mexico

Those who have moved to a different address can update their address by submitting this form to the Taxation and Revenue Department or on the department's website.

The department is urging those receiving a paper check to update their address with the department.

Direct deposits will be distributed first, and checks will be mailed out over a period of a few weeks.

When will I get the rebate check?

Rebate checks for those who filed their 2021 tax return with direct deposit will see the rebate check in their bank account starting June 16.

Paper checks are expected to be issued in late June.

What if I didn't file taxes in 2021?

New Mexico residents who are eligible for the tax rebate checks have until May 31, 2024, to file a 2021 tax return to qualify for the rebates.

Residents who are not required to file income taxes due to income levels will have the option of applying for the rebate on the New Mexico Human Services Department website.

The rebate for low-income applicants will be sent on a first-come, first-serve basis.

The following information is needed for those who apply through the state human services department:

  • One of the following: New Mexico driver’s license number, individual taxpayer identification number (ITIN) or social security number.
  • NM residential address and/or mailing address.
  • Direct deposit information (U.S. bank account number and routing number) if available.

The deadline to apply for the rebate is June 23.

What if I didn't get the previous rebate check?

The Taxation and Revenue Department says nearly 15,000 rebate checks were returned as undeliverable last year. Those who are missing their last rebate check need to ensure their address on file is correct.

Undeliverable checks will be turned over to the Taxation and Revenue Department's Unclaimed Property Division after 13 months. The 2022 checks will soon go to unclaimed property.

Click here for more information about unclaimed property.

What if I have more questions?

You can visit the Taxation and Revenue Department's website for more information about the rebates and the process.