To claim any refundable rebates and credits on your New Mexico return, you may need to meet one or more of the following:
- You must have been a resident of New Mexico during the tax year.
- You must have been physically present in New Mexico for at least six months during the tax year (except to claim the child day care credit).
- You were not eligible to be claimed as a dependent of another taxpayer during the tax year.
- You were not an inmate of a public institution for more than six months during the tax year.
***Important: Eligibility for all rebates and credits depends on Modified Gross Income.
Modified Gross Income is all income and other compensation you receive from all sources (regardless of whether that income is taxable by the U.S. Government or the State of New Mexico) for you, your spouse, and your dependents.
If either you or your spouse meets the general qualifications, but not both, then the non-qualifying spouse is not eligible.
Dependents who are not residents of New Mexico DO NOT qualify as a household member for purposes of claiming the Low Income Comprehensive Tax Rebate.
Dependents who are residents of New Mexico, but are not physically present in New Mexico for at least 6 months, qualify as household members for purposes of claiming the Low Income Comprehensive Tax Rebate.
For more information on this topic, please click here.