In August, many Minnesota residents had the chance to apply for a $1,300 rebate stimulus check. This payment is part of an initiative by the Minnesota Department of Revenue to redistribute funds to taxpayers who initially did not cash their checks.
Last year, numerous checks were sent out as part of a tax refund, but it was discovered that around 128,000 of these were never cashed. Since the original checks have now expired, the department has decided to issue new ones to ensure that the intended recipients receive their money.
What is the $1,300 rebate stimulus check?
The deadline for submitting the M1PR (Minnesota Property Tax Refund) application is August 15. However, applications will continue to be accepted and processed until August 15 of the following year. Refunds for applications submitted before the deadline will be processed by late September or early October. If the application is submitted after the deadline, the refund will be processed within 60 days.
Where the checks are sent
The checks are sent to the most recent addresses that residents have provided in their tax returns. These checks are valid for two years from the date of issuance, allowing ample time for them to be cashed.
So far, approximately 2.1 million payments have been issued under this program, with a total budget close to $1 billion. This initiative is being carried out under the legislation approved in May 2023, based on tax data from the 2021 fiscal year.
Payments began in November 2023, but since many of these checks went uncashed, the Department of Revenue decided to reissue them in February 2024. Currently, the checks are being resent to those who have yet to cash them, covering around 128,000 outstanding payments.
Refund amounts
Individuals filing singly are eligible for $1,300, while married couples filing jointly can receive an additional $520. Moreover, an extra $260 is added for each dependent claimed, up to a maximum of three dependents.
It is important to note that these checks are taxable. Recipients will receive an IRS Form 1099-MISC to include in their 2023 tax returns.
What to do if You don’t receive your check
If you haven’t received your check, make sure that your address is up to date in the Minnesota Department of Revenue’s system. You can contact them directly to check the status of your refund.
To expedite the refund process, it is recommended to submit your application electronically. This could lead to faster processing and result in receiving your refund within 60 days of submission.
This refund is a significant financial relief for Minnesota residents, helping to offset the property taxes paid. In addition, it provides extra financial support during times of need, benefiting numerous families across the state.
The $1,300 rebate stimulus check offers a crucial opportunity for Minnesota residents to recover part of the taxes paid during the 2021 fiscal year. Stay informed about important dates and make sure your information is up to date to receive your refund without any issues.