According to Minnesota Gov.Tim Walz, the IRS will tax state rebates sent to many Minnesota residents in 2023. These rebates, commonly known as "Walz checks," were worth up to $1,300 in some cases and were a result of a $3 billion Minnesota tax relief bill passed earlier this year. (That bill also included a child tax credit for the state worth up to $1,750 per child dependent.)
During a recent news conference about the projected Minnesota budget surplus for 2024, Gov. Walz expressed his strong disapproval of the IRS’ decision to consider the rebate checks taxable. The Governor's frustration was evident as he used strong language while talking to the reporters, stating, "It's bull--."
