Navigating New Mexico Taxes can sometimes feel complex, especially when you’re expecting a refund. It’s common to wonder about when you’ll receive your money back after filing your tax return. The New Mexico Taxation and Revenue Department understands this and provides clear guidelines and tools to help you track your refund. This article will break down the typical processing times for new mexico taxes refunds and guide you on how to check the status of your refund, ensuring a smoother experience with new mexico taxes.
New Mexico Tax Refund Processing Times
The timeframe for receiving your new mexico taxes refund depends primarily on how you filed your return. The Department generally processes returns filed electronically much faster than paper returns.
- Electronically Filed Returns: If you filed your new mexico taxes return electronically and are expecting a refund, you can typically expect it to be processed within 6 to 8 weeks.
- Paper Filed Returns: For those who prefer to file paper returns for their new mexico taxes, the processing time is slightly longer. Paper returns usually take 8 to 12 weeks to be processed by the Department.
It’s important to allow sufficient time for the Department to process your refund claim before making inquiries. These processing times are estimates and can vary depending on the volume of returns being processed.
How to Check Your New Mexico Tax Refund Status Online
The most convenient way to check the status of your new mexico taxes refund is online through the Taxpayer Access Point (TAP). This online service allows you to get real-time updates without needing to register for an account.
To check your refund status electronically, you will need the following information:
- Your Social Security Number (SSN)
- The exact amount of your refund due, as stated on your tax return.
With these details, you can easily access the refund status tool and get an immediate update on where your new mexico taxes refund is in the process.
What To Do If You Need to Inquire About Your Refund
Before reaching out to the Department about your new mexico taxes refund, please allow the recommended processing time to pass. This helps ensure that your return has had sufficient time to be processed through the standard procedures.
- For electronically filed returns, please wait at least 8 weeks before inquiring.
- For paper filed returns, please wait at least 12 weeks before inquiring.
If you have waited longer than the stated processing times and are still unable to find information about your refund status online, you have a couple of options:
- Access Taxpayer Access Point (TAP): Explore the TAP system for additional information and potential updates on your new mexico taxes refund.
- Contact the Department by Phone: You can call the Department’s dedicated phone line at (866) 285-2996. When you call, be sure to have a copy of your tax return readily available, as you may be asked for information from it to help locate your record and refund status.
Refunds for Prior Tax Years
If your refund request is for new mexico taxes from a previous tax year (not the most recent one), you will need to complete a specific form, RPD 41071. This form and instructions can be found at RPD 41071. Follow the instructions provided with the form to ensure your request is processed correctly for new mexico taxes refunds from prior years.
Conclusion
Understanding the processing timelines for new mexico taxes refunds and knowing how to check your refund status can significantly reduce anxiety and uncertainty. By utilizing the online tools and allowing sufficient processing time, you can effectively manage your expectations and track your new mexico taxes refund. Remember to use the Taxpayer Access Point for the quickest updates and have your tax return information handy if you need to contact the Department directly.
