Number Of 'Income Millionaires' In North Dakota Grows By 81The state Tax Department says the number of North Dakotans reporting income of more than $1 million went up 7.5 percent last year. The agency says 1,120 North Dakota taxpayers reported adjusted gross income of more than $1 million in 2014, compared with 1,041 North Dakotans in that category in 2013.
Study: Minnesota One Of Least Tax-Friendly StatesA new analysis of taxes in the U.S. finds Minnesota is one of the least tax friendly states.
5 Tax Breaks New Parents Should Know AboutTax breaks can make raising children a little more affordable.
Republican Senators Want To Phase Out Social Security Taxsenate Republicans want to ditch Minnesota's tax on Social Security checks. Minnesota is one of just seven states that apply an income tax to Social Security. Seniors who make less than $25,000 a year are exempt.
Dayton Says He Will Be ‘Unbound’ In 2nd TermMinnesota voters gave Gov. Dayton a solid re-election victory. But unlike the last two years of Democratic dominance, Dayton's fresh reality is a new Republican majority in the Minnesota House. "I'm proud to say that Democrats' total control of state government in Minnesota is over," said Rep. Kurt Daudt, the House minority leader. Exuberant Republicans will take back the House they lost just two years ago. That's when they battled Gov. Dayton to a budget standoff, and a 17-day government shutdown -- the longest in U.S. history.
Owner Of Shuttered Mpls. Restaurant Charged With Tax FraudThe owner of a former Minneapolis restaurant was charged Wednesday with 68 counts of failing to pay sales tax and filing fraudulent and false tax returns. According to the Hennepin County Attorney's Office, 46-year-old Michael Ralph Whitelaw underreported sales by more than $1 million, and he underpaid tax by $100,000.
It's Deadline Day To File Your Income TaxesIf you haven't filed your 2013 income taxes yet, the clock is ticking. You have until the end of the day to get them done, get them in the mail or file for an extension. Officials with the Internal Revenue Service said about 35 million tax payers wait until the last week to file their taxes.
Senate Leader: Tax-Cut Deadline 'Difficult' To HitDemocratic Gov. Mark Dayton's goal of enacting a bill cutting and repealing taxes by next Friday appears unlikely to be met. Assistant Majority Leader Katie Sieben said Friday it will be "difficult" for that chamber to pass a plan by then. The House voted 126-2 on Thursday for $500 million in tax reductions on businesses and for state income tax filers.
Cost Of New Minn. Top Income Tax Tate? It DependsA narrow band of Minnesotans will pay a higher income tax under the new state budget. How much more? That depends. Officials say the average cost of the new tax for 54,400 filers is just shy of $7,200. But that figure can be misleading.
Minn. House Expected To Pass Sweeping Tax Bill TonightThe Minnesota House plunged Wednesday into a debate over a bill that would raise state taxes by $2.6 billion in part by enacting the state's first alcohol tax increase in about 25 years.
I R S Last Minute Tax Tips On WCCOIRS spokesperson Karen Connelly joined Dave Lee on Monday with extension facts and filing ideas for last-minute tax preparers.
Plenty Of Changes For Tax Filers This YearExperts recommend using some type of guidance to navigate forms and maximize your returns.