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New Mexico Economic Relief Payment 2023
Frequently Asked Questions:
What is the New Mexico Economic Relief Payment?
The State of New Mexico was appropriated $15 million to provide financial relief to New Mexico residents with the highest financial need. Payments will be provided to qualified households with the highest need first and there will be a limited number of applicants accepted based on funding availability. Applicants can begin to submit their information online 9AM June 12, 2023 and must complete their application by June 5PM, June 30, 2023. Payments will be issued by the end of July 2023. Applicants will receive a final communication in the mail regarding qualifying status.
Will my other income support benefits be impacted?
This one-time benefit amount will NOT be considered in determining your eligibility for any program administered by the Human Services Department. This includes food, cash, energy or medical assistance.
How do I know if I qualify?
To qualify you must:
- Be a current low-income New Mexico resident.
- Have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), and
- Have not received or intend to receive a rebate payment as the result of filing 2021 personal income tax return.
- If you get the “2023 Rebates for NM Families,” You will not qualify for the economic relief payment.
Where can I request assistance?
New Mexico residents must submit their information to determine if they qualify via an online portal beginning at 9 a.m., June 12, 2023. The portal will remain open until 5 p.m., June 30, 2023. Applicants will only be accepted during this time. To apply please visit yes.state.nm.us.
If you did not qualify for a payment or if funding was expended, a final communication will be sent to you in a letter.
How much will I receive?
Payment eligibility and amounts are subject to the availability of funds and will be issued to the applicants with the highest financial need first. Only one payment per household will be issued. Payments will be sent by the New Mexico Taxation and Revenue Department.
How will I get my payment?
Applicants will have the option to enter a U.S. savings or checking account information to receive a direct deposit. Direct deposit is the fastest and most secure way to get your payment. If an applicant does not provide banking information a check will be mailed to the mailing address provided. Please make sure to enter a valid N.M, mailing address and verify that the name of the application matches your name on your driver’s license.
When will I get my payment?
Payments will be issued by the end of July 2023.