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How to claim the $500 New Mexico tax rebate

A tax rebate in New Mexico was just approved.

handful of money

It is supposed to help with rising inflation and gas prices.

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When will I get the rebate?

New Mexico will provide individuals $5oo checks. Households will get $1,000 payments. The Senate voted in favor of the package that will distribute about $700 million to New Mexico residents. Additional information is available here.

About 490,000 residents of New Mexico could get these $500 checks. People who file their taxes individually will get $500 in two payments. Head of household or couples will get $1,000 split in two payments in June and August.

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