New Mexico Tax & Revenue Contacting Taxpayers Who May Be Due a Refund

NM Tax and Revenue Department is reaching out to New Mexico working families eligible for unclaimed tax refunds


According to a press release issued by the New Mexico Taxation and Revenue Department, that was issued on January 31, 2019, the Taxation and Revenue Department is reaching out by mail to taxpayers who may have qualified for the state’s Working Families Tax Credit in past years but did not claim it.


Letters from the Lujan Grisham administration have begun to be sent this week to taxpayers who claimed the federal Earned Income Tax Credit but not the state’s Working Families Tax Credit, or who claimed neither but, based on their reported earned income and filing status, may have qualified for both.


The letters will be sent to more than 14,000 taxpayers with more than $4 million in potential credits for working New Mexico families in the balance.


The Working Families Tax Credit is a percentage of the Earned Income Tax Credit. It provides a refundable credit to individuals and working families based on earned income and family size. In past years, the state credit was worth 10 percent of the EITC. Under a bill passed by the New Mexico Legislature and signed into law by Governor Michelle Lujan Grisham last year, as of the 2019 tax year, the state credit is worth 17 percent of the EITC.


New Mexican taxpayers who qualify for the EITC also qualify for the Working Families Tax Credit. The two credits combined can be worth anywhere from a few dollars to more than $7,000. The credits are larger for families with more dependents and phase out gradually as income rises. Eligible taxpayers may receive a refund even if the credit exceeds their tax liability.


The taxpayers being notified this week can file an amended return for the years in question – 2016 to 2018 – to claim the EITC and the Working Families Credit, as applicable.


TRD also urges New Mexicans who think they may qualify for the credit for 2019 to be sure to consider it when filling out their 2019 tax returns. More than 200,000 taxpayers may be eligible.


For the 2019 tax year, adjusted gross income can range as high as $55,952 for a married couple filing jointly with three or more children. To qualify, the taxpayer must have a job or be self-employed and must be a U.S. citizen or legal resident for the entire tax year.

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