Third time lucky? Rebate checks reissued

The Minnesota Department of Revenue announced last week that they will be reissuing over 128,000 one-time tax rebate checks that have gone uncashed and subsequently expired after their November and December issuance dates. The mailing of reissued checks should be completed by mid-March.

The rebates are part of a $1 billion giveback passed in the last legislative session. According to a story by MPR News, Revenue Commissioner Paul Marquart said the outstanding payments add up to about $48 million.

What do the checks look like?

Unlike previously mailed checks, these will be mailed from the State of Minnesota. The checks are still protected by standard banking safeguards that help detect and deter fraud.

Is the one-time tax rebate taxable?

This rebate payment is not taxable on your Minnesota income tax return.

The Internal Revenue Service determined this rebate to be taxable on the federal return. Due to this decision, all rebate recipients were sent a Form 1099-MISC to use when filing their 2023 individual income tax returns. If you include this payment in your federal adjusted gross income, subtract it from Minnesota taxable income on line 33 of Schedule M1M and on line 10 of Form M1PR on your state returns.

What if an eligible taxpayer still has not received a rebate?

Minnesota Department of Revenue will work with taxpayers who are eligible but did not get their rebate. If a taxpayer thinks they are eligible and didn’t receive a rebate by May 1, 2024, they should contact the department at 651-556-3000.