Minnesota's Infrastructure Plan Includes Big Transit Investments and Tax Rebates.

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Source: CBS Minnesota
Minnesota's Infrastructure Plan Includes Big Transit Investments and Tax Rebates.
Photo: CBS Minnesota
TL;DR Summary

The Minnesota Department of Revenue will send out rebate checks to 2.5 million Minnesotans this fall as part of a $3 billion tax bill passed by lawmakers. The amount of the check is based on 2021 income, with individuals making $75,000 or less receiving $260 and couples making $150,000 or less receiving $520. Parents in those income brackets will receive an additional $260 per child, up to three kids. Eligibility is determined by checking line 1 of your 2021 state tax return, and if your banking information or address has not changed, there is nothing further you need to do. The rebate checks will not be taxed on the Minnesota side, but it is unclear if they will be taxed on the federal side.

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