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March 23, 2025
Question

MN 2021 Tax Rebate was on 2023 Taxes do we need to put on 2024 taxes also?

  • March 23, 2025
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1 reply

March 23, 2025

No, if you received the rebate in 2023 and already reported it, you should not report anything this year. 

 

The reason the option shows in 2024 is since payments were sent to taxpayers starting in August and September 2023, some taxpayers who had address or bank account changes received the rebate in 2024. The rebate is taxable for federal purposes, but it is not taxable income for Minnesota. Therefore, TurboTax provided the checkbox to help Minnesotans ensure this rebate was not taxed at the state level.

 

Here is some more information on the rebate: What is the State of Minnesota 2021 Tax Rebate?