Minnesota Department Of Revenue
Minnesota’s tax collection agency is making another paperless push. The Revenue Department ushered in the start of tax filing season Tuesday with a renewed emphasis on electronic filing and direct deposit options.
A new report from Oxfam International finds that by 2016, the top one percent of people will own 50 percent of the world’s wealth. That’s up from 44 percent in 2009.
The Minnesota Department of Revenue says taxpayers can start filing their Minnesota tax forms on Jan. 20. That’s the same day that the IRS says taxpayers can start filing their 2014 returns.
If you’ve been listening to the political ads over the past few weeks, you’ve heard the term “middle class” mentioned over and over. This had Barbara from Mound wondering: Who’s in the middle class? Pew Research says 44 percent of people identify as solidly middle class. That’s down from 53 percent back in 2008.
The Minnesota Department of Revenue says tax payers who qualify for refunds because of 2013 tax law changes will get their money by June 27. Department officials say 260,000 returns qualify for refunds, and 52,000 have already been reviewed manually. The review process is being automated to speed up the processing.
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.