To clarify and end further debate, this is the final word on if the Minnesota EV Tax rebate received in 2024 that should resolve the question "Is the MN EV taxable for MN income taxes?"
A 1099-Misc was issued by the State of MN - Management and Budget office.
An update from the Minnesota Department of Revenue was issued last month FOR Tax Instructors. It addressed several tax items including the MN EV Rebate. Following is the information presented.
MN EV Rebate
MN issues a 1099-MISC to taxpayers who received an EV Rebate in 2024. This amount is taxable income for both Federal and MN income taxes.
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