What is the New Mexico Tax Rebate?

For Immediate Release

Albuquerque, New Mexico

What is the New Mexico Tax Rebate?

In order to offset the burden of this year's high fuel costs,
New Mexico is providing an Income Tax Energy Rebate.

Every New Mexican qualifies for the rebate except if you were
not a resident as of December 31st, were a dependent of another
taxpayer, or were an inmate of a public institution for more
than six months.

The amount of the rebate is dependent on your Adjusted Gross
Income and the number of exemptions claimed on your tax return
as shown in the table at
http://www.dgoodmancpa.com/newmexicotaxrebate.htm 

 

If you filed your 2004 tax return, you should be receiving a
check in the mail by the end of November, 2005. This process is
automatic and you do not need to do anything in order to receive
the check. If you did not file a 2004 tax return, you can claim
the credit on your 2005 tax return which is due April 15, 2006.

More information can be found at:

http://www.state.nm.us/tax/PIT_ENERGY_REBATES.htm or by calling
1-866-285-2996.

This article was intended to provide general information about
the New Mexico Personal Income Tax Energy Rebate. It does not
contain all the information available. If you have further
questions, I can be reached at www.dgoodmancpa.com.

 CONTACT INFORMATION:

Dianne Goodman, CPA Comprehensive Small Business Solutions, PC
505 323-2307 1 888-851-1975 toll free http://www.dgoodmancpa.com
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