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This year, the Tax Department of Minnesota will send direct tax refund payments of up to $1,300 for eligible taxpayers who have filed their return for tax year 2021.
This legislation according to the entity was approved and signed on May 24 of this year as part of a tax bill, the money comes from a surplus of about $17.5 billion from the state with which there will be $1.1 billion dollars that will be distributed among eligible taxpayers.
The amount will depend on your tax return and It can be from $260 dollars to $1,300 dollarswhich will begin shipping in early fall.
Who is eligible
According to the state’s tax website, eligible taxpayers must meet certain requirements:
- Have been a Minnesota resident for part or all of the 2021 tax year.
- File one of the following returns by December 31, 2022: 2021 Form M1, Minnesota Individual Income Tax and 2021 Form M1PR, Homeownership Credit Refund (For Owners) and Homeowner Property Tax Refund Tenant.
- Have a reported adjusted gross income for 2021 of $150,000 or less for joint filersand $75,000 or less for all other filers.
- Not have been claimed as a dependent on another person’s 2021 Minnesota income tax return.
- Those taxpayers who died before January 1, 2023 are not eligible for the refund.
what you should know
This payment is not necessary to request it, the Minnesota Department of Taxation will evaluate each taxpayer and make the respective election according to the requirements and their compliance. Therefore, there will be no appeal process, plus the payment cannot be tracked in our systemsaid the entity.
In this sense, if you meet the income limits and your bank and address details have not changed since you filed the 2021 return, just wait for the refund to arrive in your bank account or be sent by check in the mail to the address on your statement.
On the other hand, if you meet the income limits and your bank details and address have changed since you filed your 2021 return, you will need to update your information before July 28 on the website.
Finally, if you have exceeded the income limits, did not file the return, and were claimed as a dependent on someone else’s return, The entity assured that in these cases there is no right to the tax credit.
Keep reading:
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