Check Your Eligibility for a Tax Rebate: Here’s How!

If you’re a resident of Minnesota wondering about your eligibility for a tax rebate, the Minnesota Department of Revenue has good news for you.

Minnesotans can now check their eligibility for a tax rebate. (Photo: Tax Expert)

How to Check Your Eligibility for a Tax Rebate

Although a website is scheduled to launch by summer, there is already a simple way to check your eligibility for a tax rebate, as long as you have a copy of your previous tax return, Twin Cities Pioneer Press reported.

According to revenue officials, they will utilize the federal adjusted gross income reported on your 2021 tax return to determine eligibility for a tax rebate. You can find this information on line 1 of the first page of the state M1 and M1PR tax forms.

Individual taxpayers who earned $75,000 or less in the previous tax year will be eligible for the rebate. Similarly, households earning under $150,000 will also qualify. Those with qualifying dependents can receive a maximum of $1,300.

It’s important to note that there is no phase-out, meaning taxpayers above the income thresholds mentioned earlier will not receive any rebate. Additionally, individuals who did not file a 2021 tax return will not be eligible for the rebate.

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Process of Obtaining Rebates

The process to obtain the rebate is hassle-free, as residents do not need to apply after checking their eligibility for a tax rebate.

The checks will be automatically sent by mail or via direct deposit. Revenue officials estimate that approximately 2.5 million residents will qualify for the rebate.

If you have changed your address or bank account, don’t worry. Later this summer, a portal will be made available for Minnesotans to update their information and gain further insights and easily check their eligibility for a tax rebate.

The tax rebates are part of a  $3 billion tax bill that recently passed through the Legislature, along party lines, and is now awaiting Governor Walz’s signature. The funds required for the rebate, amounting to $1.1 billion, will be sourced from Minnesota’s historic $17.5 billion budget surplus.

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