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If the state issued a 1099-MISC for 2024, then it would go on your tax return. It is taxable at the federal level but not the state level. If you received a 1099-MISC from MN for 2024, enter the 1099 under Other Common Income.
In MN, enter the same amount in the MN Tax Rebate box.
Your 2023 rebate would have been entered on your 2023 return. If the tax difference (not income) is less than $25, you do not need to amend. If you need to amend your tax return, here is how.
Once your original return is accepted and the finances are settled, you can file an amended return.
That wasn't my question. I received a rebate in 2021 and got the 1099 in 2023 so I reported it on my taxes in 2023. Turbo tax is asking me now (2024) if I received that rebate in 2021 and is telling me I need to report it. I'm assuming I don't need to do this again but why would Turbo Tax prompt me to report it when I did it last year...? There wasn't a one time special tax rebate in 2023 and I did not receive another 1099 for 2023 nor 2024..
If you reported it in a prior tax year, you do not need to report it again this year.
Thank you for asking this question, and then re-asking this question. I was so confused and wondering the same thing. I’m glad the second person had a clear understanding of what was being asked!
March 15th and the question is still on the MN questions. I think we all reported it in 2023 so that question needs to be removed. It had me waste a bunch of time confirming that I'd already reported it.
This question is included on the 2024 return because Minnesota issued payments between September 2023 through March 2024. Majority of people received the payment in 2023 and reported it on that return, while some people didn't receive the payment until 2024, and will need to report it on their 2024 return. If you've already included it in 2023, you don't need to report it again.
@KeshaH Hello, I received payment in 2023 .. but did not report it for 2023 taxes because I didnt file 2023 taxes (because I didn't have to, didn't meet the threshold for having to report).. should I report it in my 2024 taxes?
thanks
No, you would only report what you received in 2024 on your 2024 return. If you didn't meet the filing requirements for 2023, you don't need to report that refund anywhere.
Can I add it for 2024 if I missed adding it for 2023?
If you did not add it to your 2023 return, you can amend the 2023 return to add it. If you did not receive the payment in 2024, you will not report it in 2024.
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