Stimulus update: Direct Minnesota payments worth up to $1,300 to finish sending in five days

Minnesota homeowners or renters could receive property tax rebates of up to $1,300 by the end of this week as a result of a $2 million rebate from the state’s multibillion-dollar budget surplus.

Issued by the Minnesota Department of Revenue to provide tax relief to homeowners, officials started to disburse a one-time tax rebate in August. The rebate was passed by the legislature this past session, and it was signed off by Gov. Tim Walz (D-MN). It is based on Minnesotans’ 2021 income tax returns, and the funds will be automatically distributed by check or direct deposit by the end of September in five days.

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“This rebate will help millions of Minnesotans pay for everyday expenses such as groceries, school supplies, rent, or child care,” Revenue Commissioner Paul Marquart said, adding that all of the payments are expected to be sent out by the end of the month. “We know it will be very valuable to a lot of people, and we look forward to sending payments out in early fall.”

Minnesotans must have met the adjusted gross income requirement to qualify, with the adjusted gross income limit at $150,000 or less for married couples who filed together and $75,000 or less for single filers. Individual filers will see $260, and married couples will receive $520, with $260 each for up to three dependents, meaning married couples with the maximum number of dependents could see up to $1,300.

The state is partnering with U.S. Bank to send out the rebates, and the check description will read, “State of Minnesota 2021 Tax Rebate Program.”

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“Revenue used a third party because we are in the middle of property tax refund season, and the department does not have the resources needed to issue both payments without risking an interruption to property tax refunds,” Ryan Brown from the state’s revenue department said, per KARE 11. “We understand many taxpayers rely on timely property tax refunds to pay their October property tax bill, so it’s vital there is no interruption.”

There was no application for this rebate payment because it’s being handled outside the typical system in which the state processes tax refunds. That means taxpayers cannot track where their rebate is, according to the Minnesota Department of Revenue. State officials encourage those who expect a payment to contact the department’s customer service line if the rebate is not issued by October.