In September 2024, Minnesota residents can look forward to a direct tax rebate, which includes a $1,300 stimulus check for eligible individuals.
This is part of ongoing efforts by both the U.S. federal and Minnesota state governments to provide financial relief to help offset the impact of inflation and other economic pressures.
In this article, we will explore the details of the $1,300 stimulus check, including eligibility criteria, payment schedules, and additional key information.
Overview of the $1300 Stimulus Check
This one-time payment is part of a larger effort by the Minnesota Department of Revenue to assist taxpayers who faced economic hardships, particularly during the COVID-19 pandemic.
The rebate is a follow-up to similar payments made in previous years, providing much-needed financial relief to Minnesota residents who qualify.
Key Details:
- Issuing Authority: Minnesota Department of Revenue
- Payment Date: September 2024
- Payment Type: Direct tax rebate
- Amount: $1,300 for qualifying individuals or households
- Eligibility: Minnesota residents who filed their 2021 state tax return (Form M1 or Form M1PR) by December 31, 2022
- Distribution Method: Direct deposit or paper checks
Eligibility Criteria for the $1300 Stimulus Check
To qualify for the stimulus check, Minnesota residents must meet several requirements:
- Minnesota Tax Return Filing: Individuals must have filed their 2021 Minnesota state tax return, either through Form M1 or Form M1PR, by the deadline of December 31, 2022.
- Income Limit: The rebate is targeted at middle- and low-income residents. The income thresholds are:
- Married couples filing jointly: Adjusted gross income (AGI) of $150,000 or less
- Single filers and all other filers: AGI of $75,000 or less
- Dependent Claims: Taxpayers who claim dependents must ensure those dependents are not claimed on any other tax return. Additionally, the maximum amount that can be claimed for dependents is $780 ($260 per child, with a maximum of three dependents).
- Deceased Taxpayers: Individuals who filed their 2021 tax returns but passed away before January 1, 2023, will not be eligible for the payment.
Payment Schedule and Process
The $1300 rebate is expected to be distributed in September 2024. However, if you were eligible and did not receive your payment earlier in 2024, there is still an opportunity to claim it.
The Minnesota Department of Revenue had issued similar payments in the early months of 2024 but noted that some citizens did not receive their checks due to various issues.
If you are still awaiting your payment, you are advised to contact the Minnesota Department of Revenue at 651-556-3000 for further assistance.
How Will Payments Be Distributed?
The payments will be issued through direct bank deposits or mailed checks. The distribution will be handled based on the payment preferences and details provided on your 2021 tax return.
If you are unsure of your payment method or need to update your information, it’s recommended to contact the Minnesota Department of Revenue directly or check their official website for updates.
Conclusion
The $1300 stimulus check, set to be distributed in September 2024, is a significant financial relief effort by the Minnesota Department of Revenue aimed at helping residents cope with rising costs.
Eligible taxpayers who filed their 2021 tax returns and meet the income criteria can expect a one-time payment.
The rebate offers flexibility, as there are no restrictions on how the money can be used, whether it’s for household expenses, debt repayment, or other financial needs.
Minnesota residents who are unsure of their eligibility or who have not yet received their payments are encouraged to contact the Department of Revenue for further assistance.
FAQs
Yes, like many other forms of income, the $1300 stimulus check is subject to taxation.
Married couples filing jointly can receive a payment of up to $520. Additional amounts are available for dependents, with a cap of $780 for three dependents.
Single filers will receive a payment of $260, provided they meet the income eligibility requirements.
If you haven’t received your payment by the scheduled date, you should contact the Minnesota Department of Revenue at 651-556-3000 for more information or visit their official website.
No, currently, there is no tracking tool available for the stimulus check. You will need to rely on the payment status updates provided by the Minnesota Department of Revenue.
References
- Newsweek: Stimulus Check Payment Updates
- Minnesota Department of Revenue, official website: www.revenue.state.mn.us
- Kiplinger: State Stimulus Programs
- Collin College News: Minnesota Stimulus Check Update