Residents in the state of New Mexico may be surprised to see that a bill was recently passed that would give them a $500 tax rebate soon.
New Mexicans can expect the $500 in two payments over the next few months.
The bill is a response to inflated gas prices.
The decision was made last Tuesday to send the money to taxpayers.
$677 million dollars in total will be given back over the next t wo years.
Filing your tax return for 2021 will get you $500 as a single filer or $1,000 as joint filers.
The first payment will go out in May or June, followed by a second payment in Sept.
If you’ve provided your bank information it will be direct deposited.
Those who did not provide banking information can see their payment mailed by check.
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