Update On Stimulus Checks: Next Week, $260 Will Be Given To Residents Of One State

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Stimulus Checks
Stimulus Check

Next week, hundreds of thousands of Minnesotans will receive a $260 refund check in the mail. A third wave of Stimulus Checks is being given out by the state to 128,000 people who never collected their first Stimulus Checks. The $260 rebates were first sent by the Minnesota Department of Revenue months ago, but not all of the beneficiaries deposited the funds before the check expired, which is why it became invalid.

These Recent Batch Of Stimulus Checks Would Provide Citizens With Another Opportunity

“The state decided to return some of its surplus to taxpayers,” said Michael Ryan, the creator of michaelryanmoney.com and a finance specialist. “For many, these reissued Stimulus Checks provide a welcome little financial buffer, particularly during lean times when every dollar matters.” The Department of Revenue claims that although the return address on the rebates was from Montana, some taxpayers may have inadvertently thrown them away. However, the current batch of reimbursements is more obviously designated as coming from the state agency. Revenue Commissioner Paul Marquart told the Senate Taxes Committee, “It looks like a regular Minnesota check,” according to MPR News. You have two years to cash that one, then. If it remains unclaimed for two years, it is transferred to unclaimed property.”

Of all the Stimulus Checks, $48 million is made up of the payments that the state originally approved as part of a $1 billion scheme. According to Matt Stratman, president of UnitedTax.AI, “the good news is that Minnesotans who inadvertently threw away their checks will have another opportunity to receive them,” as reported by Newsweek. You should still keep a look out for the payments and file them as soon as you can, even though the state issued the checks again. “It’s essential not to let your rebate check expire for the second time,” added Stratman. “If these checks remain unclaimed, the Minnesota Department of Revenue states that they will eventually be transferred to the Minnesota Department of Commerce’s Unclaimed Property Division.”