As the month of November reaches its halfway point, the potential expiration of hundreds of thousands of uncollected stimulus tax refund checks appears on the horizon. The Minnesota Department of Revenue is sending a warning: unclaimed tax rebate checks are on the verge of termination and the owners of the money will lose it.
Around 150,000 paper stimulus checks, dispatched in September, are approaching the critical 60-day mark. It’s a crucial moment, and action is needed to ensure that these unclaimed funds don’t slip away. Various factors contribute to these rebate checks lying inactive. Some recipients, driven by personal beliefs, return the checks. Others, oblivious to the expiration ticking clock, fail to update their addresses. Shockingly, some even discard the checks, mistaking them for junk mail or worse, a scam.
A Second Chance to Claim Your Tax Rebate Check: Reissuance on the Horizon
Fear not if you find yourself in possession of one of these overlooked checks. The department has a solution. In a bid to rectify the situation, reissued checks will be dispatched in two waves—mid-November and early December. But here’s the good news: this reissuance isn’t the final chapter. The department remains committed to reaching out to those who have yet to claim their well-deserved payments. If you missed the first round, there’s still time to catch up and secure your rebate.
Over 2 million Minnesotans have already benefited from this initiative, receiving their due through either direct deposits or paper checks from the state.
Eligibility Criteria to Claim Tax Rebate Checks in Minnesota
Eligibility for these rebates is income-based. Individuals earning $75,000 or less are entitled to a one-time payment of $260. Couples with a combined income of $150,000 or less receive a double payout of $520. And for parents falling within these income brackets, an additional $260 per child awaits, for up to three kids. This means a potential maximum credit of $1,300. This is a substantial boost during these times, aint’t it?
Don’t let your hard-earned money slip through the cracks. Check your mail, update your details, and ensure you claim what’s rightfully yours. The opportunity is there; all that’s needed is your proactive step to grasp it.
You are eligible if you met all of the following prerequisites:
- You were a Minnesota resident for part or all of 2021
- You filed one of the following returns by December 31, 2022:
- 2021 Form M1, Minnesota Individual Income Tax
- 2021 Form M1PR, Homestead Credit Refund (for Homeowners) and Renter’s Property Tax Refund
- Your 2021 adjusted gross income (line 1 of Form M1 or Form M1PR) was:
- $150,000 or less for married joint filers
- $75,000 or less for all other filers
- You were not claimed as a dependent on someone else’s 2021 Minnesota income tax return
If you have any questions, you can always contact the Minnesota Department of Revenue.