Exciting Update: Immediate Distribution of $1,000 Direct Payments in the 4th Stimulus Check – Stay Informed About Payment Arrival Dates
New Mexico has taken a proactive step to provide financial relief to eligible residents by initiating the distribution of income tax rebates. On June 16, the state began disbursing these rebates via direct deposit to those who had previously opted for this method of payment.
For residents who did not choose direct deposit, the state has commenced the printing of paper checks starting on June 20. These checks are expected to be delivered to eligible individuals in the coming days, ensuring that all eligible residents receive the much-needed financial assistance.
Under this program, solo filers can expect to receive a rebate of $500, while joint filers will receive a rebate of $1,000. To qualify for these rebates, individual filers must have a total income of less than $75,000, while joint filers must have a combined income of less than $150,000.
It’s important to note that in order to claim the cash rebate, residents must have filed their 2021 income tax returns. Filing the tax return is a necessary step to establish eligibility and ensure that the rebate is distributed accurately to those who qualify.
New Mexico’s initiative to provide income tax rebates serves as a meaningful gesture to support individuals and families during these challenging times. By offering financial relief directly to eligible residents, the state aims to alleviate some of the economic burdens they may be facing and promote economic stability within the community.