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January 28, 2025
Question

I thought I had to report the MN Tax Rebate from 2021 on my 2023 taxes. Why would I have to report this again?

  • January 28, 2025
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    1 reply

    AmyC
    Employee
    January 28, 2025

    If the state issued a 1099-MISC for 2024, then it would go on your tax return. It is taxable at the federal level but not the state level. If you received a 1099-MISC from MN for 2024, enter the 1099 under Other Common Income.

    In MN, enter the same amount in the MN Tax Rebate box.

     

    Your 2023 rebate would have been entered on your 2023 return. If the tax difference  (not income) is less than $25, you do not need to amend. If you need to amend your tax return, here is how.

     

    Once your original return is accepted and the finances are settled, you can file an amended return. 

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    January 29, 2025

    That wasn't my question. I received a rebate in 2021 and got the 1099 in 2023 so I reported it on my taxes in 2023. Turbo tax is asking me now (2024) if I received that rebate in 2021 and is telling me I need to report it. I'm assuming I don't need to do this again but why would Turbo Tax prompt me to report it when I did it last year...?  There wasn't a one time special tax rebate in 2023 and I did not receive another 1099 for 2023 nor 2024..

    CatinaT1
    January 29, 2025

    If you reported it in a prior tax year, you do not need to report it again this year.

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