Diana Castillo, KOB TV
April 4, 2024
ALBUQUERQUE, N.M. — The tax filing deadline is coming and if you’re a parent, you’ll want to know about a child tax credit you can claim in New Mexico.
Qualifying families in New Mexico can claim a new state child tax credit. In 2022, our state joined other states in creating a credit like this.
Last year, state officials increased the value of the credit through House Bill 547. That means this is the first tax season with the credit on the table.
“A really great provision of the child tax credit is that it is fully refundable. What that means is that, if you don’t owe any taxes, you will be able to get a check or a deposit in your bank account from the state for that refund amount,” said Paige Knight, the deputy policy director at New Mexico Voices for Children.
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