Minnesotans now have the opportunity to get a sizable windfall in cash as the Department of Revenue in Minnesota has chosen to reissue rebate cheques that expired after being uncashed.
The website of the State Government reports that 128,000 one-time tax refund checks that were given in 2023 were not cashed and eventually expired. To the most recent address on file, these checks have been sent out once more.
In contrast to the previous refund, these cheques have a two-year expiration date, so recipients have more time to recover their windfall if they misplace their cash or lose access to it.
According to the Minnesota Department of Revenue, they paid out 2.1 million times, or approximately $1 billion, as a result of a new law that was implemented in May 2023. This implies that you won’t have to do anything if you qualify.
The one-time rebate statute pays qualified taxpayers up to $1,300, with $520 going to married couples filing a joint return and having an adjusted gross income of $150,000 or less. The payment is $260 for everyone else whose adjusted gross income is $75,000 or less.
For each dependent you list on your return, there will be an additional $260; the maximum amount for up to three dependents is $780.
Read Also: How to Get Your $1000 Payment for the E-Bike Program in June 2024
How can I get my $1,300 payment?
If you fulfill each of the enumerated requirements below, you are qualified to get the rebate:
- You spent all or a portion of 2021 as a resident of Minnesota.
- One of the following returns was submitted by December 31, 2022. Homestead Credit Refund (for homeowners), Minnesota Individual Income Tax, 2021 Form M1PR, and Renter’s Property Tax Refund
- According to line 1 of Form M1 or Form M1PR, your 2021 adjusted gross income was $150,000 or less for married joint filers or $75,000 or less for all other filers.
- No one else listed you as a dependent on their 2021 Minnesota income tax return.
It is not possible for taxpayers who passed away prior to January 1, 2023, to obtain the refund cheque. However, the other spouse is entitled to the entire refund if a married couple who met all other eligibility requirements filed a joint return for 2021 and one of them passed away before January 1, 2023.
