Alerts
- Taxpayers who itemize deductions on their federal income taxes may have received two 1099-G forms this year separately documenting rebate and refund amounts they received from the state of New Mexico.
- Income tax rebates sent to most taxpayers in 2023 are not subject to New Mexico personal income tax. However, there may be federal tax implications for taxpayers who itemize deductions.
- Taxpayers who itemized in tax year 2021, should have received a 1099-G for the rebates they received in 2023. Taxpayers who itemized in tax year 2022 should have received a 1099-G for any refunds they received in 2023