Officials in Minnesota say they expect all direct deposits for tax rebates of up to $1,300 per family to be sent to eligible residents' bank accounts by the end of this week as they look to process the distribution of paper checks.

The Minnesota Department of Revenue says the payment will appear in bank accounts as "State of Minnesota 2021 Tax Rebate Program," and they expect those enrolled in direct deposit to have their payments by Friday. All other eligible residents will receive a paper check, which they will begin to send out in the coming weeks.

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The rebates vary based on the family of taxpayers in the North Star State. Married couples who file their taxes jointly receive a $520 rebate if they make a gross income of $150,000 or less, and individuals making $75,000 or less will receive $260 rebates.

On top of the base amounts, an additional $260 is added to each rebate for each dependent a taxpayer claims up to three dependents. This means an eligible family of five can receive a $1,300 rebate from the state for their 2021 taxes.

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The rebates cannot be tracked, but the state does say people should contact the Minnesota Department of Revenue if they have not received the payment by October.

The nearly 2.1 million rebate payments being sent out by the state are being touted by Minnesota officials for being delivered just as students are returning to classes, providing relief to families buying school supplies amid continued inflation.