In USAresidents of two of its states will receive in September the stimulus checks, which is financial support that is delivered through the IRS and whose purpose is to help people achieve a good financial foundation. This payment will be made soon and to learn more about the subject, Depor has prepared this article with all the information about it.
What are the beneficiary states of the stimulus checks?
- Minnesota: Elected residents began receiving tax year 2021 direct tax refund payments.
- Mountain: This refund seeks to alleviate the payment of property taxes for up to US$675 and only allows one refund per household.
What are the requirements to receive the stimulus check in Minnesota?
You only have to meet the following requirements to access the stimulus check benefit:
- Have resided in Minnesota for part or all of the year 2021
- Have filed the corresponding returns before December 31, 2022: (2021 Form M1, Individual Income Tax/ 2021 Form M1PR, Homestead Credit Refund (for Homeowners) and Renter’s Property Tax Refund).
- If 2021 adjusted gross income was $150,000 or less for married joint filers or $75,000 or less for all other taxpayers.
- You were not claimed as a dependent on someone else’s 2021 Minnesota income tax return.
Amounts to pay from the stimulus check in Minnesota
The authorities informed that this is how the payments will be made, which change according to the situation of each person. In a household with 3 dependents you can receive up to US$1,300.
- $520 for married filing jointly with an adjusted gross income of $150,000 or less.
- $260 for everyone with an adjusted gross income of $75,000 or less.
- US$260 for each dependent claimed on your return of up to three dependents, that is, a maximum of US$780.
Amounts to pay from the stimulus check in Montana
In Montana, state officials said they will only send paper checks and no longer via direct deposit. The purpose of this measure is to reduce the risk of fraud by scammers, since the Montana tax department received several requests for property tax refunds, in which the applicant’s data did not match the records of the tax entity. State.
Now, the amount to be paid in Montana will be $675 dollars. However, this will only be done through direct deposit, due to fraud alerts. “We expected fraud and already had measures in place to identify fraudulent requests. Sending refunds by paper check will help us further reduce fraud,” said the department’s director of revenue, Brendan Beatty.