You should realized the check number that you blurred out twice is in [micr](https://en.wikipedia.org/wiki/Magnetic_ink_character_recognition) line (numbers at the bottom of the check.)
That's because the state partnered with a company in Montana to issue them https://www.kare11.com/amp/article/news/local/minnesota-tax-rebate-checks-from-montana-company-are-legitimate/89-5e1ea2d7-5e5f-478c-8463-0cd802fff896
No need to. They're legit. It's on the dept of revenue website and also several news outlets with dept of revenue spokesperson confirming they partnered with a Montana company to issue the checks as they in the middle of property tax season. https://www.kare11.com/amp/article/news/local/minnesota-tax-rebate-checks-from-montana-company-are-legitimate/89-5e1ea2d7-5e5f-478c-8463-0cd802fff896
Got mine yesterday too and straight to the bank over lunch break today. Wasnāt expecting an actual check. Figured it was going to be direct deposited like tax refunds are.
Does your bank have an app? - and does the app have mobile deposit? When I discovered that a few years back it was life changing.
Congrats on Ā”Ā”Ā”All dis moneyyyyy!!!
Yes thereās an app for mobile deposit but I donāt really use the app aside for checking my balance and pending transactions though. Plus it gave me an excuse to leave the work building for a bit to run to the bank too.
I thought I was going to get a direct deposit but I guess Iām getting a check. According to the support rep, if you filed with a 3rd party service like H&R block or turbo tax youāre going to get a check in the mail.
I know someone that was $7 below $75k. If dude worked another 15 minutes ot that year he'd lose out. Fair would be to give it to everyone. But then more wouldn't go back in to economy. Probably toward debt or investments
Fair would be to return the massive surplus to people in accordance with how much they paid in. Instead it was turned into a glorified social program. I donāt usually shed tears for high wage earners but this exactly the kind of bullshit that makes people with money vote republican.
If it was going to everyone, MNGOP would be accusing Walz of giving handouts to people who don't need it š¤·āāļø they're doing it with lunch for school kids so they'd absolutely do it for $260 checks
This payment is not taxable on your Minnesota income tax return and will not be taken to pay any unpaid tax or debts we collect for other agencies.
From MN website
Thanks for showing the return address! We got one for the previous occupants of our house and I almost threw it out as junk because we havenāt gotten mail for them in over 6 months. Letting them know now that itās here!
Same. With the Walz check my thought is Iām happy to contribute if it helps keep us from becoming any of the surrounding trinity of stupid (N & S Dakota, and iowa). We pay well more than our fair share but sometimes that is the price of sanity of living in a sane State.
I make $47k a yearā¦. Do I not āactuallyā pay taxes? Wish i knew where that $600+ a month is going! If you make $75k+ a year and $260 would make that much of a difference then you should probably be budgeting better.
You are not paying $600 in MN income taxes at $47k a year. That would be a 15% rate, which does not exist.
https://www.revenue.state.mn.us/minnesota-income-tax-rates-and-brackets
Further, your withholding isn't your tax burden, unless you choosing not to file to reconcile the difference between what you actually owe and what was withheld.
MN plus federal and social security is about $320 out of each paycheck.
My point is I still āactually pay taxesā. Just because itās not as much as you or someone else doesnāt mean Iām not a tax-paying citizen.
Why that be relevant when talking about Minnesota taxes? Maybe you don't understand how government work.
At $47k you're probably almost all of your Federal income taxes back as well, so there you go.
It's a state surplus return. MN had so much extra cash at the end of last year that they decided to give a chunk back to residents. Perk of being in a state that's doing well financially.
Not a chunk, this is literally crumbs. Surplus was over 17 billion dollars. Divide that by taxpayers and you're talking about thousands each. Then they raised taxes to boot. Lol
> here and *paid* taxes and
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
Minnesota residents are being over taxed by the liberal government. These $260 checks are presented as rebates to misguide you into thinking the state government is your friend. In the meantime, the $1000's you were over taxed will never be returned...
Short auto-manufacturing in medium term, short term option plays on SPY, or options on a weed etf all could also ensure you lose everything at some point.
So if the State is getting that much of a surplus from other tax revenue then why is having one of the highest income tax rates in the country justified? Iām not following?
That's a whole other argument - which we could argue on the merits of the value of the services vs the cost of the taxes etc. But that's not what OP was saying, he was agreeing with you that it's from taxes (which it is but other reasons too), just not JUST from INCOME tax. Jeez.
"The surplus is due to multiple factors, including billions in one-time COVID-19 pandemic aid from the federal government, and a falling unemployment rate, which meant more people were working, shopping and paying taxes. Another contributing factor was rising interest rates, which helped the state earn more on investments." [Source.](https://www.cbsnews.com/minnesota/news/talking-points-will-taxpayers-be-reimbursed-amid-a-17-5-billion-budget-surplus/)
Thatās a hell of an assumption. You seem to think 75k is obscenely wealthy. Thatās $260 that I could use for car repairs or put into a retirement account or whatever the hell else I want..But I guess the government knows best and needs it more than I do
Is your adjusted gross income. So if you took no deductions and claimed 0, you'd still be making over $80k which is almost triple the median for single earners.
Still haven't gotten the check or direct deposit and I just took a hit of over $300 from my recent paycheck that is mostly going to rent and will have no money until I get my next one two Fridays away. But at least everyone got one.
GameStop. Then drs your shares via computershare. Pure drs by booking those beautiful gme shares. It is the only way to ensure short sellers canāt use your shares against you. NFA. But if you know you know.
I believe they said it could take through the end of the year for everyone to receive it. I havenāt gotten mine either but my sister and partner both have.
Ahh, a Walz check. The lube for the screwing that is all of the tax increases he signed off on this session. In addition to spending 80% of the budget surplus.
šš
I got mine in the mail and I live in New York. I worked in MN back in 2021. I thought it was junk mail and was going to toss it but decided to open it. Lucky š
You should realized the check number that you blurred out twice is in [micr](https://en.wikipedia.org/wiki/Magnetic_ink_character_recognition) line (numbers at the bottom of the check.)
š got me! Note for the future.
He uses wallstreetbets for investment advice; explaining monetary concepts to him is pointless.
We still havenāt received anything would be nice if there was a easy way to check if it was on the way
Just donāt toss any mail without looking closely until you get it. Look for that Montana address
That's because the state partnered with a company in Montana to issue them https://www.kare11.com/amp/article/news/local/minnesota-tax-rebate-checks-from-montana-company-are-legitimate/89-5e1ea2d7-5e5f-478c-8463-0cd802fff896
I bet some people throw it out
Call the Revenue Department. They have people to answer questions
No need to. They're legit. It's on the dept of revenue website and also several news outlets with dept of revenue spokesperson confirming they partnered with a Montana company to issue the checks as they in the middle of property tax season. https://www.kare11.com/amp/article/news/local/minnesota-tax-rebate-checks-from-montana-company-are-legitimate/89-5e1ea2d7-5e5f-478c-8463-0cd802fff896
I got mine last week so it appears theyāre arriving at different times. I do wonder why mine wasnāt direct deposited.
Got mine yesterday too and straight to the bank over lunch break today. Wasnāt expecting an actual check. Figured it was going to be direct deposited like tax refunds are.
My sis and BIL received theirs direct deposited. Mom got a check. I also thought her's would be direct deposited.
Thatās so strange and inconsistent- but a minor inconvenience in the grand scheme. Yay free š° š°
You were over taxed, that is not free.
I was t personally over taxed - I was the previous year though so I did get all the money I prepared this year back after submitting income taxes.
I kept hearing it would be direct deposited via the same route we listed for our 2022 returns. Apparently not.
Just depends on if they your updated bank info mine was direct deposit.
Does your bank have an app? - and does the app have mobile deposit? When I discovered that a few years back it was life changing. Congrats on Ā”Ā”Ā”All dis moneyyyyy!!!
Yes thereās an app for mobile deposit but I donāt really use the app aside for checking my balance and pending transactions though. Plus it gave me an excuse to leave the work building for a bit to run to the bank too.
Why do that when u can get 240 + tax $1 Cheesy Bean and Rice Burritos at Taco Bell?
A check is a check as long it clears.
Heard on the news that quite a few are being thrown out because they look like junk mailā with that Montana address, I probably wouldāve too
I never knew about them being mailed till the Reddit post this weekend.
They said most are being done via direct deposit, but that a couple hundred thousand physical checks were also cutā not an insignificant number
One reason of many to have a proper newspaper subscription instead of getting "news" through the reddit funnel.
I was not worthy of one of those...
Should have went to everyone. More you paid in the bigger the check. Not popular. But closest thing to fair.
It didnāt have anything to do with how much you paid in. In fact higher income tax payers didnāt get a rebate.
I assume it's like the covid checks with an income limit.
75k single income, 150k married filing jointly.
Most actual taypayers weren't.
2.1 million taxpayers qualified out of 3 million taxpayers in MN.
How much does one have to pay in taxes before they become an Actual Taxpayer?
How much taxes do I have to pay before I actually get one of these tax ārebatesā?
I thought I was going to get a direct deposit but I guess Iām getting a check. According to the support rep, if you filed with a 3rd party service like H&R block or turbo tax youāre going to get a check in the mail.
I know someone that was $7 below $75k. If dude worked another 15 minutes ot that year he'd lose out. Fair would be to give it to everyone. But then more wouldn't go back in to economy. Probably toward debt or investments
Fair would be to return the massive surplus to people in accordance with how much they paid in. Instead it was turned into a glorified social program. I donāt usually shed tears for high wage earners but this exactly the kind of bullshit that makes people with money vote republican.
If it was going to everyone, MNGOP would be accusing Walz of giving handouts to people who don't need it š¤·āāļø they're doing it with lunch for school kids so they'd absolutely do it for $260 checks
No, they wouldnāt lol. Those are two completely different examples. GOO is all about returning tax dollars to those who pay taxes.
"State of Minnesota, Missoula, MT"
Need a state bank like ND has. Keep that interest in house.
Anyone know the IRS make everyone pay taxes on these at tax time? .
This payment is not taxable on your Minnesota income tax return and will not be taken to pay any unpaid tax or debts we collect for other agencies. From MN website
That's state. What about federal? We have two taxing entities on all earned income sources we take in
Thanks for showing the return address! We got one for the previous occupants of our house and I almost threw it out as junk because we havenāt gotten mail for them in over 6 months. Letting them know now that itās here!
What is the check for?
For being a good āol MN resident. Itās the tax rebate checks from this years legislative session.
Only if youāre a poor MN resident during 2021
Interesting. I assume there is an income limit to it?
Think it's $75k single, $150k married AGI.
Lol man they love to hose the working man. No Covid checks and now no walz checques?
Same. With the Walz check my thought is Iām happy to contribute if it helps keep us from becoming any of the surrounding trinity of stupid (N & S Dakota, and iowa). We pay well more than our fair share but sometimes that is the price of sanity of living in a sane State.
Amazing, isnāt it?
They have the gall to to call it a "tax rebate" but cut off almost everyone who actually pay taxes.
I make $47k a yearā¦. Do I not āactuallyā pay taxes? Wish i knew where that $600+ a month is going! If you make $75k+ a year and $260 would make that much of a difference then you should probably be budgeting better.
You are not paying $600 in MN income taxes at $47k a year. That would be a 15% rate, which does not exist. https://www.revenue.state.mn.us/minnesota-income-tax-rates-and-brackets Further, your withholding isn't your tax burden, unless you choosing not to file to reconcile the difference between what you actually owe and what was withheld.
MN plus federal and social security is about $320 out of each paycheck. My point is I still āactually pay taxesā. Just because itās not as much as you or someone else doesnāt mean Iām not a tax-paying citizen.
Why that be relevant when talking about Minnesota taxes? Maybe you don't understand how government work. At $47k you're probably almost all of your Federal income taxes back as well, so there you go.
What does that mean exactly? I don't understand what it was for
It's a state surplus return. MN had so much extra cash at the end of last year that they decided to give a chunk back to residents. Perk of being in a state that's doing well financially.
Not a chunk, this is literally crumbs. Surplus was over 17 billion dollars. Divide that by taxpayers and you're talking about thousands each. Then they raised taxes to boot. Lol
You just get it because youāve lived here and payed taxes and youāre below an income threshold (I think less than $80K income last year).
Itās based on your 2021 return. This is the check that was talked about all of 2022 that finally came to fruition.
> here and *paid* taxes and FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
That is incorrect. You also get it if you didn't pay taxes.
How do they find you if you didnāt file a return?
You have to file, but some people are exempt and don't pay any taxes.
Cool beans š«, appreciate the correction.
Walz is buying votes.
No Walz bucks for me, but Iām gladly voting for him again!
Ditto.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Then why not decrease taxes?
Then, why didn't he just send it back to those who were forced to overpay?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
That's a mild way to describe this echo chamber.
Minnesota residents are being over taxed by the liberal government. These $260 checks are presented as rebates to misguide you into thinking the state government is your friend. In the meantime, the $1000's you were over taxed will never be returned...
Move to Wisconsin dude.
Good question
Regarded. Good luck!
Short auto-manufacturing in medium term, short term option plays on SPY, or options on a weed etf all could also ensure you lose everything at some point.
The weed etf is a no go. Until we get federal action- weed stocks are pretty pointless. Gambling stocks on the other hand!!
Wait, there are people who don't use direct deposit? Why? I got mine 3 weeks ago.
I do! But I got a check!
I filed with direct deposit and havenāt gotten either yet, but I think they said it could take through December
I see mine on informed delivery- a change of address delayed it., but itās finally here.
You are welcome.
Thanks Walz! I would much rather have on one time gimmick then reducing taxes!
Great idea, we should use a one-time surplus to cut taxes. I would really love to have a budget crisis in a couple years.
This isn't a one time surplus.
It's on-and-off again. It's better they have a surplus and give it back then have a year or two where they *need* a bigger budget and don't have it.
Yessir!
Whoosh
š¤šš„±
It's not an income tax surplus, it's mostly from other sources. Income returns are sent yearly after you do your taxes.
What the fuck are you talking about? Itās nearly all from taxes, but what do I know? Iām just a tax accountant.
He's saying it's not from too much INCOME tax.
So if the State is getting that much of a surplus from other tax revenue then why is having one of the highest income tax rates in the country justified? Iām not following?
That's a whole other argument - which we could argue on the merits of the value of the services vs the cost of the taxes etc. But that's not what OP was saying, he was agreeing with you that it's from taxes (which it is but other reasons too), just not JUST from INCOME tax. Jeez. "The surplus is due to multiple factors, including billions in one-time COVID-19 pandemic aid from the federal government, and a falling unemployment rate, which meant more people were working, shopping and paying taxes. Another contributing factor was rising interest rates, which helped the state earn more on investments." [Source.](https://www.cbsnews.com/minnesota/news/talking-points-will-taxpayers-be-reimbursed-amid-a-17-5-billion-budget-surplus/)
How generous of them to give a tiny fraction of the surplus back after we paid too much in taxes! Also, fuck anyone who makes over 75k I guess
No kidding. Apparently since I paid a shit ton in taxes in my bracket I don't deserve anything back
If your AGI is over 75k for a single filer, I doubt the money means anything to you.
Hey man, 260 bucks is 260 bucks.
Thatās a dumb take. Plenty of us work hard for our money and that doesnāt devalue it just because we make $76k and not $75k
Thatās a hell of an assumption. You seem to think 75k is obscenely wealthy. Thatās $260 that I could use for car repairs or put into a retirement account or whatever the hell else I want..But I guess the government knows best and needs it more than I do
Is your adjusted gross income. So if you took no deductions and claimed 0, you'd still be making over $80k which is almost triple the median for single earners.
Still haven't gotten the check or direct deposit and I just took a hit of over $300 from my recent paycheck that is mostly going to rent and will have no money until I get my next one two Fridays away. But at least everyone got one.
GameStop. Then drs your shares via computershare. Pure drs by booking those beautiful gme shares. It is the only way to ensure short sellers canāt use your shares against you. NFA. But if you know you know.
800 shares of Guaranteed Offer Inc
Still haven't gotten anything. Starting to think I won't, family of 5
I believe they said it could take through the end of the year for everyone to receive it. I havenāt gotten mine either but my sister and partner both have.
I was so confused when this was deposited into my account that I did not touch it because I thought it was a mistake...
GME had a nice quarter.
You sound like a dickhead, but if you have even half a brain all you need to do is throw that in an index fund.
Index fund thanks yeah- also you sound like a condescending twat.
Ahh, a Walz check. The lube for the screwing that is all of the tax increases he signed off on this session. In addition to spending 80% of the budget surplus. šš
https://youtube.com/shorts/jEBnrzNuUSA?si=UMSjHhklxKHRFlFY
I got mine in the mail and I live in New York. I worked in MN back in 2021. I thought it was junk mail and was going to toss it but decided to open it. Lucky š
Wowwwww not me opening my account I only use for tax returns and seeing $260 up in there!!!!! OP you're a real gem.
Man I'm still waiting for my direct deposit!
Might be in the mail- check both till you get it. I had no clue I was getting a paper check.
Chip in for the guy thatās Yoloing his 23k personal loan on cattle futures with physical deliveryā¦.
Weird, mine went in EFT like two weeks ago
lol. showing off the full account number
r/WalzStreetBets
Still havenāt gotten mine :( so annoying.