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question everything

(48,904 posts)
Thu Aug 17, 2023, 09:25 PM Aug 2023

We got the Money from the state

$520. Now I wonder whether this is taxable.

Will more than cover the high electricity and water cost.

From the Dept. of Revenue


https://www.revenue.state.mn.us/direct-tax-rebate-2021

This payment is not taxable on your Minnesota income tax return and will not be taken to pay any unpaid tax or debts we collect for other agencies.

We've requested guidance from the IRS to determine if the rebate is taxable on your federal return, and will relay their decision when we receive it.

OKay...

9 replies = new reply since forum marked as read
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We got the Money from the state (Original Post) question everything Aug 2023 OP
I don't know if this helps to know but, here in CA we got a rebate and it turned out to be alwaysinasnit Aug 2023 #1
Thanks. Hope it will be the same here question everything Aug 2023 #2
Did you get it on your property tax refund? iemanja Aug 2023 #3
No. This is separate. It is a 2021 income tax refund that the legislature agreed question everything Aug 2023 #4
How do you file for it? iemanja Aug 2023 #5
You don't. If you filed 2021 income tax return and you qualify, a check will be mailed question everything Aug 2023 #6
Thank you. iemanja Aug 2023 #7
And.. the answer is: it is Federally taxable question everything Dec 2023 #8
That's not right iemanja Dec 2023 #9

alwaysinasnit

(5,263 posts)
1. I don't know if this helps to know but, here in CA we got a rebate and it turned out to be
Thu Aug 17, 2023, 09:38 PM
Aug 2023

non-taxable for federal tax reporting.

question everything

(48,904 posts)
4. No. This is separate. It is a 2021 income tax refund that the legislature agreed
Sun Aug 27, 2023, 10:28 PM
Aug 2023

To qualify individual had to have an income up to $75,000; joint return up to $150,000. No relation at all to property.

question everything

(48,904 posts)
6. You don't. If you filed 2021 income tax return and you qualify, a check will be mailed
Mon Aug 28, 2023, 09:44 AM
Aug 2023

to you starting early September but I think that some are already getting them.

We had a refund for that year and we used direct deposit so the Dept. of Revenue has our bank info.

See more here

https://www.revenue.state.mn.us/direct-tax-rebate-2021

question everything

(48,904 posts)
8. And.. the answer is: it is Federally taxable
Thu Dec 7, 2023, 10:44 PM
Dec 2023

From the strib

Federal government will tax Minnesota rebate checks

Minnesota won't tax the rebate checks that were sent to households this fall, but the federal government will.

The IRS recently determined the checks will be considered federally taxable income, despite a push from state officials to get the rebates treated the same as untaxed pandemic-era relief payments in other states.

"Minnesota is being treated unfairly on this. They picked an arbitrary date to end the emergency," said Gov. Tim Walz, who added that he's been pushing the IRS to reverse the decision. "Every other state was afforded this and they say we have to have a red line in the sand. I'm deeply disappointed."

The federal government ended the COVID health emergency May 11. Legislation authorizing the rebate checks was signed May 24. "Simply, it's not right," added Walz, who called the decision "bullshit."

https://www.startribune.com/federal-government-will-tax-minnesota-rebate-checks-governor-tim-walz-irs-revenue/600324819/


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