State tax rebates on way to accounts

More than $1.1 billion is making its way from state government coffers to bank accounts or mailboxes of qualifying Minnesotans starting this week.

The first wave of payments will be direct deposits — $260 per person and up to $1,300 for a household — and paper checks in the mail will follow for those who haven’t supplied bank information to the state previously. The Revenue Department expects payments to be distributed by the end of September.

Rebates were reserved for married filers with an adjusted gross income below $150,000 in 2021 or single filers beneath $75,000. Earnings even one dollar above the thresholds are disqualifying.

The $260 amount is multiplied by the number of recipients in a household, with married filers and up to three dependents earning the maximum. Taxpayers who died after Jan. 1, 2023 still qualify and people who live in the state part of the year are due a proportional amount.