DISCOUNTS continue to reach thousands of Americans as costs continue to rise across the board.
Hundreds of thousands of New Mexicans will receive additional tax rebates of up to $500.
This year, New Mexico has two statewide rebate programs.
The first of these was launched for taxpayers in June and was valued at up to $1,000.
However, there were no restrictions for this round.
who is eligible
Whether or not you qualify might depend on your income, according to the state’s Tax and Treasury Department.
This next round of rebates has an income threshold that depends on the status of the individual or joint tax return.
Residents who filed income taxes in 2021 as an individual filer and earned less than $75,000 will receive payments of $250.
Joint applicants who earned less than $150,000 will receive $500.
Payments begin the week of July 3, but since Monday the 4th is a federal holiday, the first payments could be processed on July 5, a spokesman for the New Mexico Board of Revenue and Revenue told a local news outlet KRQE.
Rebates are automatically sent to taxpayers who filed 2021, so no application is required.
For those who owe the state taxes, the rebates can be used to balance the payments.
The state expects to process up to 210,000 paper checks.
Discounts in other states
Several other states have given money back to taxpayers through refunds and rebates.
Thousands of Hawaii residents are set to receive a one-off $1,200 tax refund in weeks.
Single taxpayers who earned less than $100,000 in 2021 and couples earning less than $200,000 will receive a $300 tax refund.
Governor Gavin Newson of California announced that 23 million Californians will benefit from up to $1,050 in direct payments.
Individual applicants earning less than $75,000 will receive $350, as reported by KCRA Channel 3 Sacramento. Married couples earning less than $150,000 will receive $700.
This month, Maine sent out rebate checks worth $850 per person and $1,700 for the average family.
Up to 200,000 rebate checks were sent almost every week in June.
To qualify for a refund check, Primary Residents must meet the following requirements:
- Individuals can earn $100,000
- Heads of household can earn up to $150.00
- Couples can earn up to $200,000
This comes as millions of Americans who receive Social Security benefits prepare for potential benefit cuts.
The Sun also explains how to protect yourself from scammers and what to do if your credit is at risk.
https://www.the-sun.com/money/5664750/americans-payment-finance-struggling-2/ Hundreds of thousands of Americans get up to $500 in rebates in DAYS – who is eligible