Next week, eligible New Mexico taxpayers will start receiving a tax rebate worth up to $1,000.

The rebates will be issued to residents of New Mexico who have filed their 2021 taxes, and will be worth either $500 for single filers or $1,000 for married taxpayers filing jointly. These payments will be issued either through direct deposits or paper checks, with direct deposits being sent to bank accounts starting June 16. The paper checks will be issued in late June, according to KOAT-7.

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“Prices for basic necessities continue to be high across the nation,” Gov. Michelle Lujan Grisham (D-NM) said in a statement in April. “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.”

Lujan Grisham approved of the tax rebates on April 7. In total, more than 900,000 tax filers will receive this rebate.

If a taxpayer has moved to a different address after filing a 2021 tax return, the person can update their address using the Taxpayer Access Point self-service portal on the state's Taxation and Revenue Department website. Alternatively, the taxpayer can submit a change of address form to the state's Taxation and Revenue Department.

For taxpayers who have changed their banking information since submitting their 2021 tax returns, they will get their rebates through a check in the mail. But taxpayers who received their 2021 tax refund through direct deposit and did not change their banking information will receive the rebate in the same account.

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Taxpayers who have not filed their 2021 returns have until May 31, 2024, to do so.

Additional information regarding this payment can be found online on the state's Taxation and Revenue Department website.