Personal Finance

1300 Property Tax Rebate: Find out when you will receive your payment if you claim it this month

Minnesota Department of Revenue reissued 128,000 one-time tax refund checks, valid for two years, following a May 2023 law distributing 2.1 million Direct Tax Rebate payments.

1300 Property Tax Rebate: To address the issue of uncashed and expired tax refund checks from last year, the Minnesota Department of Revenue has reissued 128,000 one-time tax refund checks. These checks are now valid for two years and have been mailed to the most recent addresses on file.

This initiative follows a law passed in May 2023, which led to the distribution of nearly 2.1 million Direct Tax Rebate payments, totalling approximately $1 billion. The amounts and eligibility for these refunds were determined based on 2021 income tax or property tax refund returns.

In August and September, payments were initially made via paper check or direct deposit. Checks that were not cashed were reissued in November and December, and checks that were not claimed were reissued in February and March.

SNAP Benefits Texas Payment: Beneficiaries to Receive August Payment This Week

According to the IRS, these refund payments are taxable on federal returns. Each beneficiary will receive Form 1099-MISC for their 2023 individual income tax returns.

The one-time rebate provision provided eligible taxpayers with a maximum refund of $1,300. This amount included an extra $260 for each dependent claimed, 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.

1300 Property Tax Rebate: When will my refund arrive?

According to the Nicollet County website in Minnesota, the M1PR form is due on August 15th, but returns will be accepted and processed until August 15th of the following year.

Trump’s plan to cut income taxes on Social Security could have a significant impact, here’s how

“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.”

Eduvast Desk

Recent Posts

$1,702 Stimulus Payment Date Confirmed: When Will You Get Your Deposit?

Alaska residents waiting for their $1,702 stimulus payment won’t have to wait long. The next…

21 hours ago

Claiming Social Security: Should You Start at 62, 67, or 70?

Choosing when to start Social Security at 62, 67, or 70 can change how much…

21 hours ago

High-Yield Savings Accounts in 2025: Still a Good Idea in 2025? Experts Explain

High-yield savings accounts are still giving better interest than regular ones in 2025. Experts say…

2 days ago

When is it The Right Time to File for Bankruptcy? Here’s How Much Debt is Too Much

If your debt is more than half of your yearly income and keeps growing, it…

2 days ago

Missed the $1400 Stimulus Payment Deadline? Here’s What It Means

If it didn’t get your $1,400 check by the expected date, you’re not alone. Many…

4 days ago

Medicare Part A Limits: How much you will Pay After Three Months in the Hospital?

In 2025 Medicare Part A covers only limited hospital days. Many don’t realize how quickly…

4 days ago