$500 rebates could be available for New Mexicans next week, according to New Mexico state officials.
Rebates of Up To $500 Could Be Available For New Mexicans As Early As Next Week
The government of New Mexico will be implementing tax rebates for its citizens starting next week. The reported tax rebates are expected to be $500. According to the State Legislature and Gov. Michelle Lujan Grisham, the money is within the tax package and spending of the New Mexico government. The $500 rebates could arrive on June 21 or early next week. Only taxpayers who get their refunds by direct deposit will get the money next week, checks will be mailed to other taxpayers within a 10-day period following the $500 rebate approval.
Checks will also be available to those who were unable to file their tax returns because of low income or for other acceptable reasons, but it will only be on a first-come, first-served basis. A portal for the online application for the $500 rebate will be available on Monday and will open until June 23, 5 p.m.
All You Need to Know About Rebates From New Mexico
People will not lose other benefits that they are getting from the Human Services Department, which handles Medicaid and other programs that are alike. An individual is not allowed to receive both the tax rebate and the economic relief payment. An estimate of $690 million will cost the rebates.
People who belong to the low-income class who were not able to file a tax return can apply online come June 23 for an economic relief payment. The rebate’s size will depend on the number of people who will apply.