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Save Your New Mexico Tax Rebate

Save Your New Mexico Tax Rebate

June is a great month to grow your money in New Mexico. In April 2023, the office of Gov. Michelle Lujan Grisham announced that the newest round of rebates would put more than $673 million back into New Mexican’s pockets. Here’s what you need to know!


How much will I get?
That depends on how you filed your 2021 state tax return. The rebate will be $500 for single filers; $1,000 for couples filing jointly and heads of household.

When will I get my money?
• Rebates for those who filed 2021 tax return with direct deposit should receive a deposit in their accounts the week of June 20, 2023. Log in to Online and Mobile Banking to watch for its arrival, or check your balance with CALL24 by calling (505) 292-6900, 24 hours a day, 7 days a week.

• For filers who didn’t receive a direct deposit refund, paper checks are expected to be printed June 20–29 and should arrive by mail a few days later.

What if I haven't received my rebate?
If you haven’t received your rebate after several weeks or have other questions, email the New Mexico Taxation and Revenue Department at nm.rebates@tax.nm.gov or call 1-866-285-2996.

Read more information about the 2023 New Mexico Rebates for Families.

If you don’t have to spend your rebate, consider growing it! For a limited time:

12-month certificate at 4.65% APY1

Open your certificate with just $500!  


Learn More







A Sandia Area Membership is required. 1. APY=Annual Percentage Yield. Rates effective as of 01/14/2024 and subject to change without notice. Sandia Area may modify, change, or remove this product offering at any time. Div­idends are compounded and credited to your account monthly. Fees may reduce earnings. Refer to our Schedule of Service Charges and Truth in Savings disclosures for more information. Assumes principal and interest remain on deposit for the term of 15-months with a minimum balance of $500. A penalty may be imposed for early withdrawals.


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