$600 Income Tax Rebate now available under Working Families Tax Credit
The New Mexico Taxation and Revenue Department has begun issuing $600 rebates for certain eligible recipients of the Working Families Tax Credit. The rebates were authorized by the Legislature earlier this year and signed into law by Gov. Michelle Lujan Grisham.
The one-time rebates are available to taxpayers who are not dependents, who receive the Working Families Tax Credit, and who have an adjusted gross income of $31,200 or less (single filers) or $39,000 (married filing jointly, heads of household).
Taxpayers who have already filed their 2020 New Mexico Personal Income Tax returns and are eligible for the $600 rebate do not need to take further action. The $600 rebate will be mailed to them or delivered by direct deposit if they selected that option when they filed their 2020 tax return.