We got the Money from the state

[question everything]

$520. Now I wonder whether this is taxable.

Will more than cover the high electricity and water cost.

From the Dept. of Revenue


https://www.revenue.state.mn.us/direct-tax-rebate-2021

This payment is not taxable on your Minnesota income tax return and will not be taken to pay any unpaid tax or debts we collect for other agencies.

We've requested guidance from the IRS to determine if the rebate is taxable on your federal return, and will relay their decision when we receive it.

OKay...

[alwaysinasnit]

1. I don't know if this helps to know but, here in CA we got a rebate and it turned out to be

non-taxable for federal tax reporting.

[question everything]

2. Thanks. Hope it will be the same here

[iemanja]

3. Did you get it on your property tax refund?

[question everything]

4. No. This is separate. It is a 2021 income tax refund that the legislature agreed

To qualify individual had to have an income up to $75,000; joint return up to $150,000. No relation at all to property.

[iemanja]

5. How do you file for it?

[question everything]

6. You don't. If you filed 2021 income tax return and you qualify, a check will be mailed

to you starting early September but I think that some are already getting them.

We had a refund for that year and we used direct deposit so the Dept. of Revenue has our bank info.

See more here

https://www.revenue.state.mn.us/direct-tax-rebate-2021

[iemanja]

7. Thank you.

[question everything]

8. And.. the answer is: it is Federally taxable

From the strib

Federal government will tax Minnesota rebate checks

Minnesota won't tax the rebate checks that were sent to households this fall, but the federal government will.

The IRS recently determined the checks will be considered federally taxable income, despite a push from state officials to get the rebates treated the same as untaxed pandemic-era relief payments in other states.

"Minnesota is being treated unfairly on this. They picked an arbitrary date to end the emergency," said Gov. Tim Walz, who added that he's been pushing the IRS to reverse the decision. "Every other state was afforded this and they say we have to have a red line in the sand. I'm deeply disappointed."

The federal government ended the COVID health emergency May 11. Legislation authorizing the rebate checks was signed May 24. "Simply, it's not right," added Walz, who called the decision "bullshit."

https://www.startribune.com/federal-government-will-tax-minnesota-rebate-checks-governor-tim-walz-irs-revenue/600324819/

[iemanja]

9. That's not right