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.
Minnesotans aren’t the only ones who can’t file their state tax returns through TurboTax. The company is now temporarily suspending e-filing in all states over fraud concerns. On Thursday, the Minnesota Department of Revenue announced it would stop accepting the state returns from filers using TurboTax.
The Minnesota Department of Revenue has stopped accepting tax returns filed using Intuit’s TurboTax individual software because of potential fraud.
Minnesotans have until Feb. 15 to sign up for health care insurance or pay a tax penalty. And this year, that penalty could really sting. According to MNsure, the state’s health care exchange, the 2015 penalty for not buying insurance coverage is:
Hump Day version of the WCCO Morning News…Click the link above to listen to things you may have missed.
Tragic story out of New Hope….that story and others today with Dave Lee
Quickly adopted tax legislation that provides breaks to tens of thousands of Minnesota taxpayers is now law. Gov. Mark Dayton signed the bill Saturday when it landed on his desk. Lawmakers gave it final approval late last week.
senate 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.
Gov. Mark Dayton will seek approval for an expanded child care tax credit that would extend the benefit to 92,000 more Minnesota families.
The tax filing season officially opens on Tuesday, and this year there are a number of potentially big changes of which citizens need to be aware. For the first time under the Affordable Care Act, most Americans will have to certify that they had health insurance coverage in 2014 to avoid a tax penalty.
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.
Packers fans still in shock over the NFC Title Game….hear Mike Max discuss it by clicking the link above.
Just days before his State of the Union address, President Obama unveiled a major tax proposal that calls for raising taxes on the wealthy and large financial firms.
Gov. Mark Dayton blasted the new Republican Majority in the Minnesota House Friday for what he calls a “phony” transportation plan. Republicans yesterday unveiled a “no new taxes” plan to fix roads and bridges, but Dayton called it “fantasy.”
Cheap gas prices could put a dent in Gov. Mark Dayton’s forthcoming proposal to tack a new sales tax on fuel purchases.
The strike of a gavel Tuesday will start Minnesota’s Legislative session, a marathon of bills, amendments, debate and disagreements that will run into the spring. Here’s a taste of what may be brewing at the Capitol this year.
Newly powerful House Republicans are sure to make moves to cut taxes when the Minnesota Legislature convenes next week. The big questions are what kind, how much and whether they can get Democrats to agree.
Gas prices are finally falling, but those savings might not last long. At least 18 states, including Minnesota, are considering taxing drivers based on distance. Gas prices aren’t the only reason for the idea, since newer cars get better gas mileage.
Reported income by all North Dakotans has more than doubled to a record $30.4 billion since the infancy of the state’s oil boom in 2006, tax return filings show.
Wisconsin would join five other states that impose special fees on electric and hybrid vehicles if the proposed $50 annual charge put forward by the Department of Transportation becomes law.
Minnesota collected nearly 5 percent more in taxes in October than was anticipated. Minnesota Management and Budget said Monday it collected just under $1.7 billion, $75 million more than forecast. Tax collections for the fiscal year, which started in July, are slightly ahead of projections. October marks the second consecutive month that tax collections have come in high in a year where the state’s monthly collections have generally lagged.
Gov. Mark Dayton is clarifying his call for new gasoline taxes to fund transportation projects.
A new TV ad by Democratic Sen. Al Franken claims his Republican opponent Mike McFadden searches the world for places to avoid paying taxes.