![]() You may not request the funds to be deposited into the account of another payee. Refund Express or direct deposit is available for deposits to your account only. If it does, or if you do not mark the boxes, direct deposit is not an option. You must also indicate whether the refund will go to or through an account outside the territorial jurisdiction of the United States*. ![]() For a refund to be direct deposited you will need to specify the bank routing number, account number and the type of account on your return. Request Refund Express OR direct deposit – refunds that are direct deposited avoid delays that may occur in the mailing of a check.Be informed – read the instructions for all personal income tax forms and schedules that you will be completing.Make sure we have your correct mailing address – if you have moved since your last filing, update your mailing address with the Taxation and Revenue Department on you return or if you have already filed your return update your mailing address using the Taxpayer Access Point (TAP).using incorrect forms or schedules, and.mailing New Mexico returns and payments to the Internal Revenue Service.missing some allowable credits or deductions.failure to include dependent information.Verify the tax tables or rates and mathematical calculations. Check for mistakes – Verify the accuracy of the information on your return, including using the correct Social Security Number(s) or other tax identification numbers.File early – as the April due date approaches, the Taxation and Revenue Department receives a large volume of tax returns and return processing times increase.You can file your personal income tax return for free using the Taxpayer Access Point (TAP). Electronic Filing – filing electronically means that you will have more accurate returns and receive your refund faster.The notice will let you know if any additional information is needed.īelow are some tips to ensure a timely refund: The Taxation and Revenue Department will send you a Return Adjustment Notice, if any corrections were made to your return. To receive a timely refund for the appropriate amount and to avoid owing additional tax, penalty and interest, you should thoroughly review your return before submitting it to the Taxation and Revenue Department.Įrrors on tax returns may result in refunds of less than is due to you, delayed refunds, or additional tax, plus penalty and interest. When we receive a refund of tax we’ve already paid, it’s a lot like discovering unexpected money in the bank.Įveryone likes to see either a windowed envelope containing the state’s check arrive in the mail - or perhaps an electronic entry in a bank statement that the refund has already been deposited safely.
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