One-time payment of $1,000 available to Americans – but you only have six days left to apply

TIME is fast running out for Americans to receive a one-time $1,000 cash payout.

There are only six days left for some qualifying US residents to apply for rebates and economic aid available as early as this summer, even if they did not file an income tax return.

The New Mexico Taxation & Revenue Department and Human Services Department (HSD) has partnered to deliver income tax rebates and economic relief to taxpayers.

The state's governor, Michelle Lujan Grisham signed the bill into law earlier this month.

As part of the 2022 Special Legislative Session, in addition to the millions of dollars in rebates allocated to taxpayers, tens of millions in funding was appropriated to provide financial relief for New Mexicans who do not file taxes.

Applications for the one-time rebate for non-filers opened May 2, but funds are limited.

Who is eligible?

There are certain criteria that you must meet for economic relief if you are a non-filer:

• Households of married couples or single individuals with one or more dependents can receive economic relief payments of $1,000
• Households of single individuals without dependents can receive $500
• Low-income seniors and some individuals with disabilities

However, the legislature allocated a total of $20million for economic relief payments to non-filers, and these funds will be available to applicants on a first-come, first-served basis. 

Because funding for the economic relief payments is limited, HSD’s Yes New Mexico program strongly encourages all New Mexicans to file state income taxes, even if they are exempt from doing so, because they have little to no income.

Dr. David Scrase, cabinet secretary for the New Mexico Human Services Department said: “Many low-income New Mexicans will receive a greater benefit if they file a return."

In a statement, Governor Grisham said, “As costs for gas, groceries and household expenses have risen across the country, we are taking immediate action to protect the paychecks of New Mexicans in every corner of our state.” 

Deadline for submission

The deadline to apply for a relief payment is 5pm MT on Tuesday, May 31.

Applications may be closed before May 31 if available funds run out.

You will need to apply online through HSD’s YES-NM.

Economic relief payments will be issued by July 31, 2022. 

If non-filer funding does run out, a non-filer will still have the option of filing a New Mexico Personal Income Tax return to obtain a rebate as late as May 31, 2023.  

For more information visit New Mexico's Taxation & Revenue Department.

Here's more from The Sun on eight states handing out free cash in stimulus payments this summer.

Plus, states offering a fourth stimulus check.