This check will come in the form of a one-time payment in Minnesota. This is part of a $3 billion package. This package brings rebates and Social Security tax cuts. These checks have also a popular name, Walz checks. Bear in mind Tim Walz is Minnesota’s 41st Governor.
More than 2.5 million people could take advantage of these tax relief and checks in 2023. On the one hand, there will be an expansion of K-12 credits for students. On the other hand, they will also get rid of the sales tax on some filers’ Social Security payments.
Whether you qualify or not for any of these checks, depends on your income. As well as that, households that live with dependents may also get higher checks or have it easier to be eligible.
How much money could I collect if I am an eligible single filer in Minnesota?
If you qualify and are a single filer you could get a check worth 260 dollars. Joint filers could get double that amount, $520. Each dependent could grant the household $260 extra. The maximum number of dependents a family could qualify for is three. No doubt these measures will have a positive impact.
The work we’ve done over the last five months will make a generational impact on our state – it will lower costs, improve lives, and cut child poverty.
— Governor Tim Walz (@GovTimWalz) May 23, 2023
Keep in mind that these could provide up to 1,300 dollars, which could be a lot of money in the current situation. Soaring prices are making it really hard to make ends meet. Not to mention the fact that many Americans can no longer make their nest egg larger.
Who is not eligible for these checks in Minnesota?
In fact, you are not eligible for this check if you live on your own and you earn $75,000 or more in one year. That is just for single filers, couples have a higher threshold. Joint filers that earn 150,000 dollars or more are not eligible.
This new bill has other measures that can benefit those who get Social Security checks. It gets rid of sales tax for SSA payments if your income is below $78,000 (single) or $100,000 (couples).
According to the Minnesota House of Representatives website, they have also increased the K-12 education credit. However, there are many more measures that this bill will be able to enforce other than checks. For example, the family credit expansion, tribal nations aid, and local housing aid among others.