New Mexicans to get another round of tax rebates in 2023

535 Views   $500 and $1,000 checks will be given out under the approved rebates SANTA FE, N.M. (KRQE) – Another round of relief will be headed to the bank accounts of New Mexicans. Friday, April 7, Governor Michelle Lujan Grisham signed off on the plan that New Mexico House and Senate lawmakers

$959 million tax proposal progresses through roundhouse

434 Views   If it passes — $300 tax rebates will go to single filers. Married couples filing jointly will receive $600. ALBUQUERQUE, N.M. — A $959 million tax package proposal passed the House and Revenue committee Monday. House Bill 547, sponsored by the chairman of the New Mexico House & Revenue

IRS: New Mexico rebates not subject to federal taxation

371 Views   Income tax rebates and relief payments distributed by New Mexico in 2022 will not be subject to federal taxation, according to the IRS. The New Mexico Taxation and Revenue Department had already made clear the payments were not subject to state taxation.

Former New Mexico tax official sentenced to 7 years for stealing tax funds

443 Views   ALBUQUERQUE, N.M. (KRQE) – A former top New Mexico tax official, George Martinez, will serve the next seven years in federal prison after being sentenced in court Thursday. Top federal officials announced the sentencing at a news conference Thursday afternoon, saying Martinez will also be forced to pay $1.2

Avoiding scams and hiccups when filing your taxes

366 Views   ALBUQUERQUE, N.M. — Tax season has begun and avoiding scams and hiccups is likely at the top of your mind when filing your taxes this season. That means ensuring you have everything you need, including your W-2. Your employer must send you that necessary tax document by January 30.