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$500 and $1,000 in direct aid payments sent out this Sunday – what it means when your money doesn’t get there on time

THOUSANDS of Americans in New Mexico are receiving up to $1,000 in days worth of direct aid payments.

The payments are reserved for residents not filing state income tax returns and will be sent beginning July 3.

Thousands of New Mexicans are lining up to receive an aid payment beginning July 3

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Thousands of New Mexicans are lining up to receive an aid payment beginning July 3Photo credit: Getty

Around 33,000 New Mexicans are eligible for the check, and it is estimated that around $18 million worth of aid will be awarded.

Single households with no dependents receive a $500 payment, and married couples pocket $1,000, according to the New Mexico Department of Taxes and Treasury.

Aid payments are sent by direct bank transfer and by post.

Checks are sent when direct deposits are declined, and those not receiving payment should check the progress of their application.

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The payments were approved during a special session of the state legislature earlier this year and will be paid on a first-come-first-served basis.

Around $20 million was set aside to issue the checks to non-taxpayers.

New Mexicans have until May 31, 2023 to apply for a rebate if the $20 million funding pot is exhausted.

Officials have said the relief payments will be issued by July 31, but the checks could be issued sooner if residents provide up-to-date banking information.

The state encourages New Mexicans to file tax returns because they may be eligible for additional benefits.

New Mexico is mailing out income tax refunds this summer, but officials are warning residents won’t be able to receive both the reduction and the relief payment.

Gov. Michelle Lujan Grisham said the programs are designed to help residents “protect their paychecks” and help them cope with soaring food and gas prices.

Single people who earn less than $75,000 and filed their 2021 New Mexico income tax returns are expected to receive a $250 payment in July.

Married couples who file joint tax returns and have income less than $150,000 will receive a $500 refundable income tax refund.

More than half a million taxpayers received at least $250 in June, and they will collect another $250 in August.

Meanwhile, couples who filed joint tax returns will get an additional $500 in August.

The rebates are sent out automatically, so residents don’t have to apply.

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Meanwhile, we revealed how millions of Californians will receive a $1,050 payment in the coming months.

And up to $1,200 worth of tax refunds could be mailed to Americans in Hawaii by the end of August.

https://www.the-sun.com/money/5672046/relief-payments-new-mexico-cash-americans/ $500 and $1,000 in direct aid payments sent out this Sunday – what it means when your money doesn’t get there on time

CELINE CASTRONUOVO

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