Thousands of Americans will soon see direct payments worth up to $1,000 this week if they qualify in the state of New Mexico for the payments.
Those who will see the $1,000 direct payments are those who don’t file state income tax returns.
Payments started going out in the middle of July, and the state thinks they’ll finish sending payments by the end of the month.
How do the direct payments work?
Single residents that have no children or dependents will see $500 payments.
Married couples with no children will see payments worth $1,000.
According to the New Mexico Tax and Revenue Department, residents will see their payments by direct deposit or a paper check through the mail.
Direct deposit payments are going out sooner than the paper checks.
Related: Thousands of Florida residents to see $450 direct payments
There is $20 million set aside for those who don’t file state taxes.
Applications are approved on a first come first serve basis.
The deadline was extended to June 10.
If you missed the deadline, you can still file a tax return with the state to see the smaller direct payment.
Checks for those who did file taxes
Residents that filed a tax return for 2021 will see payments as well.
If you haven’t filed, you have until May 31, 2023 to file and see a payment.
Married couples with joint returns will see $500 as long as their income is below $150,000.
The same amounts apply for head of household and surviving spouses.
Single filers with an income under $75,000 will see a payment worth $250.
Samantha edits our personal finance and consumer news section. Have a question or lead? Send it to [email protected].