In light of a significant budget surplus accumulated during the most recent legislative session in Minnesota, the state has been granted the flexibility to distribute a series of economic rebates to its residents. This move underscores the state’s commitment to redistributing the surplus back into the community, thereby providing a welcome stimulus checks relief to its citizens.
Many Minnesotans have been pleasantly surprised to find a $260 stimulus check in their mail recently. Despite the state’s good intentions, the delivery of these checks has sparked some confusion. Given that they weren’t sent directly by the state but rather via a third-party company named Submittable Holdings, headquartered in Missoula, Montana, some residents have been left skeptical about the checks’ legitimacy.
Minnesota’s Stimulus Check Distribution: Clarity on Validity and Eligibility
The primary expectation among recipients was to see the checks being dispatched directly from Minnesota’s Department of Revenue. This deviation from the norm has, unfortunately, led some to erroneously consider the checks as potential scams or junk mail. Consequently, a few might have discarded these genuine economic reliefs inadvertently.
Addressing this issue and aiming to clear the air, Minnesota’s Department of Revenue went on record to affirm the authenticity of these checks. They elaborated, “The checks are indeed valid. Our collaboration with Submittable, a firm specializing in fund management and form development situated in Missoula, Montana, facilitates the distribution of the 2021 special refund payments.”
In a bid to streamline the distribution process, the Department of Revenue of Minnesota has not only allied with Submittable Holdings for the issuance of physical checks but also engaged with US Bank for direct deposit transactions. They added, “Recognizing the dependency many taxpayers have on punctual property tax refunds, especially in light of upcoming October property tax dues, we’re keen on ensuring seamless and uninterrupted transactions.”
As for the criteria determining one’s eligibility for these stimulus checks, it’s rooted in the Adjusted Gross Income (AGI) for the year 2021. Single taxpayers boasting an AGI up to $75,000 qualify for this rebate. In contrast, jointly filing married couples need to have an AGI under $150,000. While such couples are entitled to a $520 stimulus check, single individuals will be receiving half that value, standing at $260.