spot_imgspot_img

Minnesota to issue one-time tax rebates this fall

(The Center Square) – This fall, the Minnesota Department of Revenue will send 2.4 million one-time tax rebate payments to eligible Minnesotans.

This rebate was part of the 2023 budget signed into law by Gov. Tim Walz on May 24, 2023. The MDR will send direct tax rebate payments for tax year 2021 to eligible Minnesotans. The legislation provides payments of:

$520 for married couples filing a joint return with an adjusted gross income of $150,000 or less.$260 for all other individuals with an adjusted gross income of $75,000 or less.Another $260 for each dependent claimed on your return, up to three dependents ($780).

“This rebate will help millions of Minnesotans pay for everyday expenses such as groceries, school supplies, rent, or childcare,” Revenue Commissioner Paul Marquart said in a statement. “We know it will be very valuable to a lot of people, and we look forward to sending payments out in early fall.”

The department will use tax year 2021 individual income tax or property tax refund returns to determine eligibility and distribute these tax rebate payments in the early fall.

There is no need to take action to receive the rebate, as long as eligible recipients haven’t changed their address or banking information from their 2021 income tax or property tax refund returns.

Taxpayers who are eligible for the rebate and need to update their address or bank information should visit a new online portal at taxrebate.mn.gov to update that information before 5:00 pm CST on Friday, July 28, 2023.

Those eligible must meet all of the following requirements:

You were a Minnesota resident for part or all of 2021.You filed one of the following forms by Dec. 31, 2022: a 2021 form M1, Minnesota Individual Income Tax, or a 2021 Form M1PR, Homestead Credit Refund (for Homeowners) and Renter’s Property Tax Refund.Your 2021 adjusted gross income was $150,000 or less for married joint filers or $75,000 or less for all other filers.You were not claimed as a dependent on someone else’s 2021 Minnesota income tax return.

Taxpayers who died before January 1, 2023, are not eligible to receive the rebate.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_imgspot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Browns will move to Brook Park, Cleveland mayor says

(The Center Square) – The Cleveland Browns plan to...

Environmental agency suggests monitoring systems to detect air pollution

(The Center Square) — The Community Air Monitoring and...

Ruling on Illinois’ gun ban expected sometime after Monday

(The Center Square) – A ruling on whether Illinois’...

Nearly $10M spent in U.S. House District 14

(The Center Square) – In Georgia’s 14th Congressional District,...

Colorado lawmakers oppose increased federal control over National Guard

(The Center Square) - A bipartisan group of 124...

Lawmaker flags Sedona firearms ordinance ‘enforceability’

(The Center Square) – Arizona Rep. Quang Nguyen, R-Prescott...

Arizona tutoring program available until end of school year

(The Center Square) – The Arizona Department of Education's...

More like this
Related

Browns will move to Brook Park, Cleveland mayor says

(The Center Square) – The Cleveland Browns plan to...

Environmental agency suggests monitoring systems to detect air pollution

(The Center Square) — The Community Air Monitoring and...

Ruling on Illinois’ gun ban expected sometime after Monday

(The Center Square) – A ruling on whether Illinois’...

Nearly $10M spent in U.S. House District 14

(The Center Square) – In Georgia’s 14th Congressional District,...