Minnesota to distribute direct payments up to $1,300 by September’s end.
Minnesota Residents to Receive State-Funded Payments
Exciting news for Minnesota residents! By the end of September, thousands of individuals and families will be receiving state-funded, one-time direct payments. These payments, worth up to $1,300 per family, are part of Minnesota’s efforts to support its residents during these challenging times.
Property Tax Rebates and Budget Surplus
In August, Minnesota began sending out property tax rebates, and the state Department of Revenue has announced that all payments will be initiated by the end of September. This initiative is made possible by the state’s multibillion-dollar budget surplus law, signed by Governor Tim Walz (D-MN).
The $2 million one-time tax rebate will be based on Minnesotans’ 2021 income tax returns. The best part is that the money will be automatically distributed either by check or direct deposit, making it convenient for recipients.
Assistance for Everyday Expenses
Revenue Commissioner Paul Marquart expressed his enthusiasm for the rebate, stating, “This rebate will help millions of Minnesotans pay for everyday expenses such as groceries, school supplies, rent, or child care.” The impact of these payments will undoubtedly be valuable to many individuals and families.
If you’re curious to learn more about this initiative, you can click here to read more from the Washington Examiner.
Eligibility and Payment Details
All Minnesotans who lived in the state in 2021 and filed an income tax return or property tax refund are eligible for this one-time rebate. The adjusted gross income limit is $75,000 for single filers and $150,000 for married couples who filed together.
Single filers can expect to receive $260, while married couples will receive $520. Additionally, there will be an additional $260 per dependent, up to three dependents. This means that married couples with the maximum number of dependents could potentially receive up to $1,300.
It’s important to note that the rebate is being handled separately from the typical tax refund processing system. Therefore, taxpayers will not be able to track the progress of their rebate. However, if you expect to receive a payment and it has not been issued by October, officials encourage you to contact the department’s customer service operations for assistance.
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