New Mexico Proposed Additional Compensation Plan with copy of plan
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How to fill out Proposed Additional Compensation Plan With Copy Of Plan?
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FAQ
While most New Mexicans received tax rebates and multiple economic relief payments between May and August this year, this latest program is only available for low-income households. ing to HSD, payments of up to $400 will be provided. The money will be prioritized for qualified households with the lowest income.
Rebate checks will be printed and mailed to qualifiers through the end of June 2023, with those receiving direct deposits getting it by June 19. Relief payments of $500 or $1000 for New Mexicans who do not qualify for the above rebates has also been made available.
Extra compensation means individual salary adjustments which are granted primarily in anticipation of a member's retirement or as additional remuneration for performing temporary duties beyond the regular workday.
Economic relief payments for low-income New Mexicans were approved by the Legislature and signed into law by Gov. Michelle Lujan Grisham during the 2023 legislative session. The one-time payment is for qualified New Mexico households who applied and have the lowest incomes.
Important information on the rebates and relief payments includes: A refundable income tax rebate of $1000 for married couples filing joint returns, heads of household and surviving spouses and $500 for single filers and married individuals filing separately.
To check the status of your refund for the current taxable year visit the Taxation and Revenue Department's online service the Taxpayer Access Point (TAP). Once you are on the TAP website go to the ?Personal Income? tile and select the ?Where's My Refund?? link.
Thanks to a bill passed by lawmakers during the 2023 legislative session, New Mexicans who have previously filed taxes will get another round of rebates. Single tax filers will get $500. Married couples, heads of households, and surviving spouses will get $1,000.
On July 28, 2023 (payday for the first full pay period in July), State of New Mexico employees who have completed their probationary period and have received an overall final rating of ?Achieves Performance Standards? or higher on their last evaluation will get a 6% cost of living adjustment (COLA).