NEW MEXICO (KRQE) – The state’s Taxation and Revenue Department says 20,000 people may be eligible for reduced taxes. Letters are being sent to people who claimed the federal earned income tax credit but not the state’s working families tax credit.
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The credits, based on family size and earned income, can reduce both federal and state tax bills. This year, taxpayers under 25 without children may also be eligible for the state’s tax credit.