Where's my tax refund in Minnesota? Here's where to check.
Tax season is underway, and Minnesotans who have filed may be eager to know the status of their state refund.
The Minnesota Department of Revenue has a website available for all taxpayers who have filed with the state to check where their refund is.
Anyone using the system must know their social security number, date of birth and exact refund amount, and it must match what's on the return.
Officials say a refund may take longer to process if a return is mailed, if an individual doesn't choose direct deposit, if there are errors on a return or if a return is identified for additional review.
Tax refund information is updated every weeknight by the state.
The deadline to file taxes is April 15.
Click here for the status of Minnesota tax refunds.
Anyone can check the status of their federal tax refund on the Internal Revenue Service's website.
Americans are expected to file about 140 million returns in 2025. Last year, about two-thirds of taxpayers got a refund, with the average check at about $3,100, according to IRS data.
Note: The above video first aired on Feb. 4, 2025.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
Youth sports have become a hot area of investment — and it's prompted a fresh set of concerns
As a kid, I ran from field to field for soccer tournaments with back-to-back games, and woke up before the sun was up for lacrosse tournaments that were a long drive away. I'm not alone. It feels like nearly everyone in the US has some connection to youth sports, either through their own kids, their childhood experiences, or through siblings and other family members. Over 27 million children in the US — 54.6% — played organized sports, according to the most recent data from the National Children's Health Survey, which covered the 2022 and 2023. And investors ranging from venture capitalists to private equity have increasingly been paying attention to the deep connection Americans have with youth sports. "If you look at wallet share and the statistics around that for parents, how much they will spend on youth sports, it's insane," Aaron Miller, an investor at early-stage VC firm Will Ventures, told Business Insider. "For the first time, institutional investors are realizing that these are really interesting assets to own and maybe even optimize." Miller said the addressable market for youth sports is massive. According to The Aspen Institute's Project Play, the average US sports family spent $1,016 on their child's primary sport in 2024. Miller said the US is really the only country in the world with this level of spending on youth sports, which makes it attractive for investments. He said investments had grown in two areas: experiences and technology. Some of the new technologies in the space are using AI, like GameChanger, a livestreaming and game management software that youth teams use to keep track of stats and film, and put together highlights. Unrivaled Sports is an example of a company pouring money into experiences. Josh Harris, the owner of the Washington Commanders and cofounder of Apollo Global Management, along with Blackstone's David Blitzer, co-invested their own money to launch the company this year. Unrivaled Sports specializes in creating unique experiences for kids who play baseball, soccer, football, and action sports and also recently got a further $120 million investment, led by Dick's Sporting Goods. Miller's firm itself has invested in several youth sports companies, such as Youth Inc., a media and commerce company founded by former NFLer Greg Olsen, and Aktivate, a sports tech platform for K-12 schools. Some notable deals in the space include KKR acquiring Varsity Brands last year, and PlayOn (backed by KKR) buying MaxPreps from CBS Sports. TeamSnap acquired Mojo, a youth sports streaming service, in 2023. Investing in youth sports can also benefit leagues. Initiatives like the Junior NBA or LOVB's youth programs are helping to grow the game at a young level. "If you win over a kid in middle school, they're very influenceable, they could be loyal customers for the next 50-plus years," Miller said. Does the money stop kids from being kids? Concerns about the professionalization of youth sports have been growing in the last few years, with some parents concerned about burnout or overuse injuries happening at younger ages. As part of its Project Play research, the Aspen Institute found that some parents felt pressure to have their children specialize in a sport at an earlier age. The costs have also increased. The Aspen Institute reported a 46% increase in cost for a child's primary sport from 2019 to 2024. The study found that spending on travel and lodging, team registration fees, and camps or private training contributed to the increase. Melissa Jacobs is a journalist and the creator of the Good Game Substack, which focuses on talking about youth sports for parents. She said that destination youth sports tournaments and experiences have been proliferating. She said parents' inboxes can be "flooded with emails saying come to Huntington Beach, come to Omaha, come to Florida for every single sport." "It's making the equity gap humongous, and it's also watering down the experience," she said. Miller said he felt there needed to be a system to ensure that youth sports don't get over-optimized as more money flows into the space. Companies can offer services that can be great for talent development and earn more money. But this professionalization could negatively affect the kids playing who don't want to take things as seriously. "Youth sports are really expensive, and I think a lot of people have talked about, what's the breaking point?" Miller said. "Are a lot of these really expensive camps asking families to spend as much as possible? Yes. At the same time, I feel like there are a lot of really awesome products and solutions that haven't been built yet."
Business Insider
2 hours ago
- Business Insider
The Scared Stiff Economy
There's no such thing as the perfect time for a big decision. But when I reached out to Julia Coronado, the president of the economics consulting firm MacroPolicy Perspectives, to ask whether it's a good moment to take a significant financial risk, at least in the relative sense, her succinct email reply was telling: "Lol, short answer is no!" Given how complicated major transactions can be, there are plenty of caveats and counterexamples. On the whole, however, it is a particularly bad time for many major moves financially. Given everything that's going on right now, economists and personal finance gurus say that if you're treading water or feeling extra uneasy, you're not alone. " Uncertainty" is the word of the moment. America's tariff policies have shifted dozens of times since President Donald Trump took office. The stock market has been all over the place. The volatility emanating from the White House on immigration, government spending, and the federal workforce is palpable. There are rumblings of a recession and a return of high inflation. Consumer sentiment is in the basement. Across the economy, people feel like they're stuck in place. It's not a great time to change jobs, given the cooling labor market. The housing market isn't terrible — there's a growing amount of inventory out there — but if you're looking to buy now, you're probably lamenting having missed the dirt-cheap mortgage rates of a few years back. People thinking about retiring soon are doing some rethinking, given the current economic and financial market precarity. "It's not that when there's uncertainty or more uncertainty that people stop and don't act, don't make the big purchase, don't make the investment," says Claudia Sahm, the chief economist at New Century Advisors, an investment management firm. "It's often that the bar is higher." The issue at the moment is that while it may be appealing to adopt a wait-and-see approach, later is not synonymous with better. That's the calculation many Americans are facing now: Do I hold out on making a move now while things settle down, or do I take the risk that things will take a turn for the worse? "All we can do now is kind of read tea leaves on the future," says Chris Woods, a financial advisor who founded Silvis Financial. There's that old Wayne Gretzky quote about skating "to where the puck is going to be, not where it has been." The issue is that it's hard to guess where things are headed. When you're building up to a major financial leap, you typically sit on it until some level of certainty hits. That's especially true in scenarios where there are serious penalties for changing your mind. I mean, sure, you can offload that new car six months later, but you'd probably rather not. Jonathan Parker, a finance professor at MIT, tells me that a big spike in uncertainty will cause people to delay major spending such as upgrading to a new car, noting that "you might want that money for other purposes." When people make a big financial decision, such as buying a house, investing, or retiring, they want some level of buffer. They leave space for the possibility that some unexpected need will pop up — a medical emergency, an unexpected broken-down car or leaky roof, a lost job, a death in the family. Ideally, consumers don't want to just barely make their mortgage, wind up suddenly tapping the money they stowed away in their stock portfolio, or skimp on their day-to-day needs in retirement. When they take leaps, they want to leave a little side pot available to avoid an unforeseen circumstance. There's only so much a person can control — doing the best job possible at work doesn't insulate you from layoffs or guarantee your pay will increase with prices. Uncertainty makes that buffer harder to calculate and feel confident about having in the future. "In a time of great uncertainty, it's probably not the time you want to stretch with a purchase," Sahm says. This uncertainty may be headache-inducing for individuals trying to make up their minds, but what it might mean for the broader economy is tricky. Consumer spending is America's economic engine — personal expenditures account for about two-thirds of GDP. Ironically, people being worried is, in part, supporting the economy. When consumers are concerned about prices going up, they may pull forward big purchases to get them out of the way now before they get more expensive later. If you're nervous about your washing machine or car going kaput soon or are just looking to upgrade, it may feel prudent to replace them sooner rather than later in case prices go up. This year, consumer spending has jumped because of people trying to get ahead of tariffs. Crummy feelings about the future of the economy have actually been a good thing, spending-wise. "This is one thing that has helped consumer spending stay up while sentiment has really cratered," says Scott Baker, an associate finance professor at Northwestern University's Kellogg School of Management. At the same time, once people have made these anticipatory purchases or start to batten down the hatches, they could bring down the economy with them. If someone decides to put off renovating their kitchen, it means the contractor, the workers, and the store selling the materials miss out on money. "Just the fact that all of this is happening generates a wave of uncertainty," Parker says. "It's a significant drag on the economy, and it's not clear how big, but it certainly is a drag." Anyone who says they know what will happen next is lying. To be sure, there are some areas where sitting on your hands is usually the way to go, such as investing. When the going gets tough in the stock market, one of the worst things people can do is panic and cash out at the bottom. If someone had done that, say, in the wake of Trump's "Liberation Day," they'd probably regret it now. "Markets fluctuate all the time, they will go up and down," says Siavash Radpour, the associate director of the Retirement Equity Lab at The New School's Schwartz Center for Economic Policy Analysis. "Not doing anything is often a good policy for people who don't know what's going on." My colleagues at Business Insider recently did a series of stories attempting to answer whether it's a good time to make big life decisions. They looked at starting a business (the answer was yes), buying a home (if you must, but maybe rent), changing jobs (no), investing in stocks (go for it, within reason), buying a new car (hop to it), and retiring (hold off). The advice in the stories is all helpful and enlightening, but it can also go only so far. Every decision in life involves risks, and the truest answer to "Should I do X, Y, Z?" is, "It depends!" There's no denying we're in a time of heightened uncertainty. Anyone who says they know what will happen next is lying. And it really feels like things could break in any direction. While the safest advice is probably that you should snap up that new car before tariffs push up prices by thousands of dollars, Trump could declare the tariff thing over tomorrow, and all of a sudden you've overpaid for no reason. "The market this year has been driven less by fundamentals and just more by the different news we're getting from week to week on what's going on," Woods says. Maybe you do hold off on buying a house and come to regret it five years from now when prices are even higher. Or, you don't retire, and you miss out on time with your grandkids, or you're so risk-averse about jumping ship from your company that you miss out on your dream job. Those decisions are harder to make now with more factors in play. It's not just whether a recession is coming, but also what the AI revolution means for the structural future of the labor market. The question for retirees isn't just whether they've saved enough; it's also what might happen with public assistance programs they'd long planned around. "There is the risk of what's going to happen to Medicaid, what's going to happen to Social Security," Radpour says. "Health expenses are really scary in retirement." Starting a new business is always risky — statistically speaking, half of new businesses fail in five years. Loans for starting said business are more expensive and harder to come by. While it may be a decent time for a startup, no plan is foolproof. Many people who start a company during downturns and turmoil are doing so because they've lost their job or someone in their household has, not because they're jazzed about the future. "The jump is made for them, in some sense," Baker says. Still, if you see a market opportunity and want to make the jump, the idea that economy could get bad shouldn't preclude taking action. Thinking through all of the ambiguity and confusion isn't fun. Financial risks are always scary, whether big or small. Now it feels like the anxiety is extra heightened, given the context. For many people, it's going to feel like they're damned if they do, damned if they don't.
Boston Globe
2 hours ago
- Boston Globe
DOGE gets failing grade
1: The DOGE numbers don't add up. Calculating how much DOGE has saved is difficult, but it's not at all hard to see that it didn't deliver what was promised. After Musk revised down his own early projection of DOGE savings from $2 trillion to $1 trillion, the department's website now estimates it has found more than $170 billion in taxpayer savings — Get The Gavel A weekly SCOTUS explainer newsletter by columnist Kimberly Atkins Stohr. Enter Email Sign Up But even that figure should be taken with a grain of salt, given that past examinations of DOGE's ' Advertisement DOGE moved to correct the error, as well as change the website to make such errors harder to find. But a Advertisement And though it may seem counterintuitive, cutting jobs doesn't actually translate to savings if it results in less productivity — if fewer IRS workers means less tax revenue is collected, for instance. An And even some Republican lawmakers have expressed unease with backing many DOGE-recommended cuts in a $9.4 billion legislative 'rescissions' package to claw back previously approved funding. House lawmakers 2: DOGE has roiled the job market. According to the latest jobs numbers, DOGE cuts contributed to a 50 percent spike in layoffs in May over the same period last year, Exacerbating the damage the firings alone have created is the chaotic way in which they were implemented. Federal agencies like the State Department, the Department of Housing and Urban Development, the Food and Drug Administration, National Weather Service, and the IRS are among those rushing to rehire terminated employees. That's because many of the estimated 135,000 DOGE-axed positions are for critical functions, like approving drugs and forecasting weather disasters. The layoffs' often-disorganized manner has confused dismissed workers and overtaxed remaining ones, many of whom have been asked to work overtime, volunteer to take on additional roles, or be pushed into new positions, Advertisement One former FDA worker That's not to mention the blow to communities in states where the largest percentages of federal workers are located, as well as government contractors that face secondhand profit and job losses due to the cuts. Outside of the greater Washington, D.C. region, which includes Virginia and Maryland, the hardest-hit states when it comes to canceled government contracts based on anti-DEI initiatives alone include Texas, California, North Carolina, Georgia, and Colorado — affecting politically red communities as well as blue. DOGE's harms know no partisanship. 3: The incalculable costs. On Monday a 'This was a breach of law and of trust,' wrote Judge Denise Cote in issuing the temporary injunction. 'Tens of millions of Americans depend on the Government to safeguard records that reveal their most private and sensitive affairs.' Whether some or all of DOGE's efforts to gain access to Americans' most sensitive information through agency databases will be declared unlawful is still uncertain. Challenges are still being litigated, and in a lawsuit involving DOGE access to Social Security data, the Advertisement According to Some DOGE staff have been granted temporary 'edit-access' to data, which means the information can be altered or deleted entirely within the federal system. That says nothing of the broader global impact, particularly through the dismantling of agencies like the United States Agency for International Development, which once provided critical life-saving humanitarian aid across the world. DOGE has The government claims that shuttering the agency saved Americans nearly $60 billion, or less than 1 percent of the federal budget. According to Advertisement Musk is already back to playing with his cars and rocket ships as the federal government picks up the pieces from his DOGE tantrum. But the global ripple effect is a reminder that some of the damage can't be undone. Editorials represent the views of the Boston Globe Editorial Board. Follow us
