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Minnesota

In reply to the discussion: We got the Money from the state [View all]

question everything

(50,089 posts)
8. And.. the answer is: it is Federally taxable
Thu Dec 7, 2023, 11:44 PM
Dec 2023

From the strib

Federal government will tax Minnesota rebate checks

Minnesota won't tax the rebate checks that were sent to households this fall, but the federal government will.

The IRS recently determined the checks will be considered federally taxable income, despite a push from state officials to get the rebates treated the same as untaxed pandemic-era relief payments in other states.

"Minnesota is being treated unfairly on this. They picked an arbitrary date to end the emergency," said Gov. Tim Walz, who added that he's been pushing the IRS to reverse the decision. "Every other state was afforded this and they say we have to have a red line in the sand. I'm deeply disappointed."

The federal government ended the COVID health emergency May 11. Legislation authorizing the rebate checks was signed May 24. "Simply, it's not right," added Walz, who called the decision "bullshit."

https://www.startribune.com/federal-government-will-tax-minnesota-rebate-checks-governor-tim-walz-irs-revenue/600324819/


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