The Minnesota Department of Revenue has decided to replace rebate checks that have already run out because they haven’t been cashed. These changes give people in Minnesota the chance to get a big cash boost.
The State Government’s website states that 128,000 one-time tax rebate checks issued in 2023 were not deposited and expired.
Nevertheless, we have resent these payments to the most recent address on file.
In contrast to the previous rebate, these checks will not expire for two years, allowing individuals to claim their windfall if they either neglect to cash them or do not have access to them.
Minnesota’s Department of Revenue asserts that they have issued 2.1 million payments, resulting in a total payout of approximately $1 billion due to a new law implemented in May 2023. This implies that you are not required to act if you are eligible.
The one-time rebate law offers eligible taxpayers payments of up to $1,300, with $520 allocated to married couples who file a joint return and have an adjusted gross income of $150,000 or less. The amount paid is $260 for all other individuals with an adjusted gross income of $75,000 or less.
You will be charged an additional $260 for each dependent you claim on your return, with a maximum of $780 for up to three dependents.
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How can you claim the $1,300 rebate payment?
All of the following criteria must be satisfied to qualify for the rebate:
- Minnesota was your residence for a portion or the entirety of 2021.
- You submitted one of the following returns by December 31, 2022: Minnesota Individual Income Tax, 2021 Form M1PR, Homestead Credit Refund (for Homeowners), and Renter’s Property Tax Refund (for Renters)
- In 2021, your adjusted gross income (line 1 of Form M1 or Form M1PR) was $150,000 or less for married joint filers or $75,000 or less for all other filers.
- On the 2021 Minnesota income tax return of another individual, you were not claimed as a dependent.
The rebate payment is not available to taxpayers who met their demise before January 1, 2023. The other spouse, who is otherwise eligible and files a joint return for 2021, is entitled to the full rebate if one spouse passes away before January 1, 2023.
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