Minnesota Department Of Revenue
If you haven’t filed your 2013 income tax return yet, you have about a day to do so and get it in the mail or file paperwork for an extension to meet the April 15 deadline. But officials said the chances of getting audited are the lowest in years.
Minnesota Department of Revenue officials have a message for taxpayers who haven’t filed their returns. The department says the new tax cuts are good to go, and taxpayers should file now. Those cuts were passed just a couple of weeks ago by lawmakers, and thousands of Minnesotans could benefit. A couple of weeks ago, the revenue department made a very unusual appeal, urging Minnesotans to wait to file their tax returns so it could re-calibrate its computers and re-write tax forms for the new cuts.
Gov. Mark Dayton has signed a bill providing hundreds of thousands of Minnesota taxpayers with extra deductions and exemptions they can claim on this year’s tax forms. Dayton signed the $434 million relief package Friday, soon after both the House and Senate approved it by lopsided margins. In a statement, Dayton says the tax cuts will put “more money in the pockets of Minnesota families and businesses” and “make taxes simpler for Minnesotans.”
The final tally of property taxes due this year presents a mixed bag, with levies rising in some places but falling in others. The Minnesota Department of Revenue has posted jurisdiction-by-jurisdiction details on levies approved by counties, cities, townships, school districts and other taxing entities.
Every year, the IRS receives 240 million tax returns. The Minnesota Department of Revenue processes 2.7 million returns. On Friday, WCCO viewer Brian from Shakopee was surprised when both the state and federal governments approved his filing within hours. He has a Good Question for us: Does an actual person actually read over tax forms, or does a computer program scan it for errors? According to Terri Steenblock, the assistant commissioner of individual taxes with the Minnesota Department Revenue, the answer can be both.
The Minnesota Department of Revenue is choosing paper over plastic when it comes to tax refunds. The state tax agency confirmed Wednesday it is delaying a conversion from paper refund checks to preloaded debit cards for now.
Prospects look bright for Minnesota’s iron mining industry in 2014 and 2015 after a dip in production this year. State officials expect 2013 will end with production of about 38.9 million tons of taconite.
Preliminary figures from the Minnesota Department of Revenue show cities, counties and school districts could reap an additional $152 million next year from property taxes.
There’s a week left for Minnesota troops and veterans to file for a tax credit designed to recognize their combat service. About 2,200 still hadn’t filed for the refundable tax credit as of last week, according to the Minnesota Department of Revenue.
As tobacco sellers feared, Minnesota’s increased tax on cigarettes has dampened sales since taking effect on July 1. Minnesota Public Radio News reported Thursday that early Department of Revenue figures show a double-digit percentage fall in demand for the stamps affixed to each pack of cigarettes over the same period last year.
Minnesota gay couples preparing to get married after it becomes legal next month will have to wait a bit longer for guidance on their income taxes. The state Department of Revenue served notice Thursday that it is awaiting further word from the Internal Revenue Service on how same-sex married couples should make federal tax calculations.
The Minnesota Department of Revenue is advising businesses and others about changes to the state sales tax that legislators approved last month. The agency planned to release details Thursday meant to clear up confusion about new exemptions and newly imposed taxes.
The late-arriving spring weather has given some Minnesota resorts and other seasonal businesses more breathing room on their property taxes. The Minnesota Department of Revenue is advising that some commercial property owners can have two extra weeks to make their first-half tax payments.
A 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.
Minnesota’s tax refunds will soon be converted from paper checks to plastic cards as a cost-saving measure.