this post was submitted on 13 Jun 2023
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Check your bank account or mail box: $500 rebates expected as early as next week (www.abqjournal.com)
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SANTA FE — Buoyed by an oil and gas revenue boom, New Mexico is preparing to share some of its extra cash with taxpayers, starting next week.

Two state agencies — the Taxation and Revenue and Human Services departments — expect to deliver about $705 million this year in rebates and economic relief payments.

The money is part of the spending and tax package authorized by Gov. Michelle Lujan Grisham and the state Legislature this year.

Residents who filed a 2021 personal income tax return are set to receive either $500 for an individual, or $1,000 for a couple filing jointly.

Taxpayers who receive refunds through direct deposit should get the money about June 21, or the middle of next week.

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