There is a lot of confusion and misinformation about the 2024 MN EV Rebate. The Minnesota Department of Revenue has clarified taxability regarding the 2024 rebate.
Per the MN Instructor Digest dated Feb 2, 2025 issued by MNDOR, this is the guidance.
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.
