The Covid-19 pandemic has significantly impacted the cost of living in the US, prompting states to implement stimulus payments, including New Mexico offering a $1,000 payment.
(Credit: CNBC)
1000 Stimulus Payment: Since the Covid-19 pandemic, the cost of living in the United States has become a big concern.
To help people struggling with these rising costs, many states have been offering stimulus payments to support their most vulnerable citizens.
One example is New Mexico, which is providing a $1,000 stimulus payment to eligible residents.
According to Governor Lujan Grisham, “prices for basic necessities continue to be high across the nation.” “Our state today is in a fantastic financial position, and it’s important to me that New Mexico’s families are sharing in that success.”
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According to New Mexico’s official website, the key details are as follows:
There is a refundable income tax rebate of $500 for single filers and married people filing separately, and $1,000 for heads of household, married couples filing jointly, and surviving spouses. New Mexico residents who filed a 2021 Personal Income Tax (PIT) return and are not listed as dependents on someone else’s return will automatically receive these rebates.
An application is not necessary. The printing and mailing of rebate checks will continue at least until the end of June 2023. The week of June 19 is when those who are getting direct deposits ought to get them.
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Eligible residents in New Mexico have until May 31, 2024, to file their 2021 PIT return if they haven’t done so already.
For those who don’t qualify for the rebates, there are relief payments of $500 or $1,000. These payments were approved through an application process by the Human Services Department, with a total of $15 million set aside for this purpose. Applicants can check their status by following the link provided.
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