Stimulus payments totaling up to $500 will soon be sent to thousands of residents this summer as inflation continues to rise.
New Mexico will be sending stimulus payments in the form of tax rebates to qualifying residents.
The state actually has two programs this summer, one of which already sent payments.
The first one sent as much as $1,000 to residents, but there were no income or requirements to see that payment.
This time, there is.
Eligibility for the stimulus payments in New Mexico worth up to $500
Your income will determine if you qualify for this round of stimulus checks.
The income you make also depends on your filing status.
Single filers who made less than $75,000 in 2021 will see payments worth $250.
Joint filers that made less than $150,000 will see $500 stimulus payments.
Payments began being processed on July 5 and will continue to be sent each week.
All payments are expected to be issued by the end of July.
Related: Payments of $200 to $1,050 going to California residents
The stimulus payments are going out automatically and no application process is necessary.
If you owe taxes to the state, that refund can be used to pay them off.
210,000 paper checks are expected to be issued.
Samantha edits our personal finance and consumer news section. Have a question or lead? Send it to [email protected].