The New Mexico government has approved a stimulus check for its residents, citing the adverse impact of inflation on thousands of families in the United States. Eligible individuals who meet specific criteria established by the local legislature will receive a $1,000 payment, as announced by Governor Michelle Lujan Grisham.
It’s important to note that this benefit is exclusively available to those who have filed a 2021 Personal Income Tax (PIT) return and are not claimed as dependents on someone else’s tax return. The full payment will be granted to married couples filing jointly, heads of households, or spouses. Single taxpayers and married individuals filing separately will receive a reduced amount of $500.
Guide to Redeeming New Mexico’s Stimulus Checks Payment
For those who have fulfilled their tax obligations and filed their 2021 PIT return, the refund dates have already passed. Checks were sent out in June of this year, while those who had opted for direct deposit received their payments during the week of June 19. However, there is still an opportunity to claim the stimulus. Eligible taxpayers have until May 31, 2024, to submit their 2021 PIT return if they have not already done so.
Individual circumstances can have an impact on the receipt of economic stimulus funds. Here’s how specific situations may or may not affect your eligibility:
- Change of Address: If you’ve relocated out of state, you can still receive the stimulus payment. Simply update your address through the “Taxpayer Access Point (TAP) account or submit form RPD-41260 to the Department of Revenue and Taxation promptly.
- Bank Account Updates: For residents who have changed their address, the authorities will identify this change without requiring your action. “Direct deposit refunds are based solely on the information you provided on your 2021 personal income tax return. If your bank details have changed since filing that return, you’ll receive a paper check by mail.”
- Divorce After Filing: If you’ve divorced after filing your tax return, the refund will be sent to the individual listed as the primary filer on the document, regardless of your marital status. “Divorced individuals will need to independently resolve the division of refunds,” as mentioned in the release.
- ITINs Eligibility: It’s important to note that eligibility is not exclusive to individuals with Individual Taxpayer Identification Numbers (ITINs). Payments will be made to any taxpayer who has submitted their Personal Income Tax (PIT) return, irrespective of their ITIN status.
Income Tax Rebates
Married couples filing joint returns, heads of household, and surviving spouses are eligible for a $1,000 refundable income tax rebate. Single filers and married individuals filing separately are eligible for a $500 rebate. These rebates will be automatically sent to New Mexico residents who have filed a 2021 Personal Income Tax (PIT) return and are not claimed as dependents on someone else’s tax return.
- There is no need to submit an application for these rebates.
- Rebate checks will be printed and mailed until at least the end of June 2023.
- Direct deposit recipients should expect to receive their payments during the week of June 19.
Eligible residents have until May 31, 2024, to file their 2021 PIT return if they haven’t already done so. Relief payments of $500 or $1,000 are available for New Mexicans who don’t qualify for the aforementioned rebates. A total of $15 million has been allocated for these payments, which are distributed through an application process with the Human Services Department.
These payments have been utilized at various times in the United States to stimulate the economy. The amounts vary depending on the taxpayer’s filing status, with joint taxpayers typically receiving twice as much as single taxpayers. In some cases, individuals with unpaid back taxes may have had their stimulus checks automatically applied to their outstanding balances.
