New Mexico Residents To Receive Tax Rebate Of Up To $500

By Maryalene LaPonsie, Forbes
July 8, 2022

As consumers nationwide feel squeezed by rising gas prices and inflation, more than a dozen states are rolling out stimulus payments to help ease their residents’ burden.

In New Mexico, that relief is being issued in the form of two tax rebates spread over three payments. The first has already been issued, while a second round of checks—up to $500 each—is being printed now. Final payments are expected to be issued in August.

“We know how much New Mexicans need this help, and we are working as quickly as possible to get these rebates and relief payments into their hands,” said Secretary of Taxation and Revenue Stephanie Schardin Clarke in a press release.

So far, nearly 800,000 rebates totaling more than $290 million have been issued. If you’re still waiting on your payment, here’s everything you need to know about the New Mexico tax rebates.

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