Minnesota has kept up a run of financial good fortune with $100 million more in tax collections in February and March than forecasters predicted. A report Friday from the Department of Minnesota Management and Budget said the additional revenue topped projections by 4.6 percent.
As of March 20, 57 percent of American taxpayers filed their federal taxes. Just about 80 percent received a refund. The average federal refund amount is $3,038. That refund rate is expected to drop slightly as we head closer to April 15.
If you haven’t done so already, you might be gathering up all the paperwork you’ll need to send your money off to Uncle Sam.
Minnesotans will once again be able to file electronic tax returns with Turbo Tax as of 3 p.m. Saturday, according to the Minnesota Department of Revenue. The parent company of Turbo Tax, Intuit, had temporarily suspended e-filing in all states after concern of fraud arose when two Minnesota users reported that someone had already filed under their name.
Despite the Minnesota government shutdown, you still have to pay your state taxes. But don’t expect to receive any tax refunds for now.
Republicans in the Minnesota Senate have put in writing what they’ve been saying publicly about Gov. Mark Dayton’s budget plan: They don’t like it and won’t go along for his call for higher state taxes.