1300 Property Tax Rebate: The Minnesota Department of Revenue is reissuing 128,000 one-time tax refund checks that were uncashed and expired last year. These checks are now valid for two years and have been sent to the latest addresses on record.
In May 2023, a new law resulted in the release of roughly 2.1 million Direct Tax Rebate payments totalling approximately $1 billion. These refunds are based on 2021 income tax or property tax refund returns.
Initially, payments were made by paper check or direct deposit in August and September. Checks that remained uncashed were reissued in November and December, and any remaining checks were reissued in February and March.
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According to the IRS, these refund payments are taxable and must be reported on federal returns. Beneficiaries will receive Form 1099-MISC for their 2023 individual income tax returns.
The one-time rebate provided up to $1,300 for qualified taxpayers. This included an additional $260 for each claimed dependent, up to three dependents, and $520 for married couples filing jointly with an adjusted gross income of $150,000 or less. Additionally, individuals with an adjusted gross income of $75,000 or less received $260.
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When will my refund arrive?
According to Marca, the M1PR is due by August 15th. However, returns will be accepted and processed through August 15th of the following year.
“Refunds will be mailed in late September or early October if received by the August 15 deadline. Otherwise, you can expect your refund within 60 days of when filed. You may receive your refund earlier if you file electronically.”
