Do I need to do anything with the Minnesota one time tax rebate for tax year 2021?

Forum|Forum|1 year ago
January 29, 2025
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BillM223

You should have received a 1099-MISC. Did you?

I would go to Wages & Income->Less Common Income->Miscellaneous Income where you can enter it and explain what it is.

NOTE: The following is from the state's website for the 2023 tax rebate. I have reason to believe that this information is substantially the same for your 2021 rebate. NOTE, I have not verified that the Minnesota line numbers on the form are still the same..

The Internal Revenue Service determined this rebate to be taxable on the federal return. Due to this decision, all rebate recipients were sent a Form 1099-MISC to use when filing their 2023 individual income tax returns. If you include this payment in your federal adjusted gross income, subtract it from Minnesota taxable income on line 33 of Schedule M1M and on line 10 of Form M1PR on your state returns.

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