The Minnesota Department of Revenue has completed the distribution of nearly $1 billion in rebate payments to over 2 million residents. The payments were made to individuals and families who met the income thresholds. Individuals with an adjusted gross income of $75,000 in tax year 2021 received a one-time refundable tax credit of $260, while married joint filers with an income of up to $150,000 were eligible for $520. Families meeting the income requirements also received an additional $260 per child, up to three children, for a maximum of $1,300.
The rebate payments were initially sent via direct deposit or mail, starting from mid-August and continuing through late September. However, some residents might have missed or discarded their rebate checks, as they were mailed under the name of a company called Submittable Holdings Inc. from Montana, which caused confusion. The Department of Revenue assured recipients that bounced direct deposit payments were subsequently mailed to the address on file. If a check remains uncashed, the department will automatically mail a new one within 60 days. Any unclaimed funds will eventually be transferred to the state’s Unclaimed Property Division.
Minnesotans who believe they should have received a rebate check but haven’t can search for their name on the state Department of Commerce’s Unclaimed Property Division website. They can also contact customer service via email or phone to inquire about their eligibility. The Department of Revenue urges residents to be proactive in claiming their rightful rebate payments before they are considered unclaimed property.
