The recent Minnesota tax legislation increased refunds for the 2022 Homestead Credit Refund (for Homeowners) and Renter’s Property Tax Refund (Form M1PR). If you already filed a 2022 Form M1PR, you may see a larger refund than originally claimed.
The income requirements have not changed for claiming either the Homestead Credit Refund or the Renter’s Property Tax Refund.
How do I get the increased refund? The state is updating the systems to automatically increase refunds on previously filed returns. They expect to start issuing the larger refunds in mid-July for renters and mid-September for homeowners.
If you have not filed 2022 Form M1PR yet: Review the 2022 Form M1PR instructions to see if you qualify for these refunds. If you qualify, complete the 2022 Form M1PR. For more information, see Filing for a Property Tax Refund. The final deadline to claim the 2022 refund is August 15, 2024.
If you filed 2022 Form M1PR before June 14, 2023: It depends on how you filed your return.
If you filed as a-
Renter, nursing home resident, or adult foster care resident. You do not need to do anything. We will increase your Renter’s Property Tax Refund by 20.572% and send you the additional refund automatically.
Homeowner or mobile homeowner, and you claimed a Special Property Tax Refund when filing. You do not need to do anything. We will increase your Homestead Credit Refund by 20.572 percent, recalculate your special refund, and send you the additional refund automatically.
Homeowner or mobile homeowner, and you did not claim a Special Property Tax Refund when filing. Review the updated 2022 Form M1PR instructions to see if you qualify for the special refund. If you qualify, file 2022 Form M1PRX, Amended Homestead Credit Refund (for Homeowners) and Renter’s Property Tax Refund, and complete the Special Refund section.
Homeowner or mobile homeowner, and you do not qualify for the Special Property Tax Refund. You do not need to do anything. We will increase your Homestead Credit Refund by 20.572% and send you the additional refund automatically.
