No Sign of a Slow Down For Minnesota Tax Collections
How much will the already more than $17 billion budget surplus grow?
taxes
New Report Points to Potential For Even Larger MN Budget Surplus
Minnesota continues to see higher-than-expected tax revenues and the state's economic outlook is slightly brighter.
Minnesota Income Tax Brackets for 2023
The Minnesota Department of Revenue has announced the adjusted 2023 income tax brackets.
Minnesota Tax Refund Deadline Has Arrived; Have You Filed Yet?
The filing deadline is Sunday.
Minnesota Legislature Approves Republican Tax Bill
It contains nearly a billion dollars in cuts.
Rochester’s 2020 Sales Tax Collections Hardly Affected By COVID
The city just received 2020’s final numbers and they show total collections during the first year of the COVID-19 pandemic were just 3.6-percent lower than the year before.
Will Minnesota’s Projected Budget Surplus Continue to Grow?
Just weeks after issuing a new revenue forecast, the State of Minnesota is reporting state tax payments are still coming in higher than expected.
Parents to Receive Monthly Payments With Child Tax Credit Changes
Thanks to the recently-passed American Rescue Plan Act, if you have kids, you might qualify for a new Child Tax Credit-- and the IRS could even send you monthly 'child allowance' payments later this year.
WFH In 2020? Are You Eligible For The Federal Home Office Tax Deduction? Probably Not
If you get a W-2, you are more than likely to not qualify if you worked from home in 2020 due to the pandemic, but there is a full-time remote employee exception for Minnesotans...
Will MN Businesses Be Taxed On Their ‘Forgivable’ PPP Loans?
Minnesota's legislature, if it does nothing, will end up leaving Minnesota businesses 'on the hook' for the taxes on the PPP forgivable loans they received earlier in the year.