Taxes

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Minn. Stops Accepting TurboTax Returns Due To Potential Fraud

The Minnesota Department of Revenue has stopped accepting tax returns filed using Intuit’s TurboTax individual software because of potential fraud.

02/05/2015

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Reality Check: The Price Of Not Buying Health Insurance

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:

02/04/2015

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Podcast Page: 1-28-15 The WCCO Morning News With Dave Lee

Hump Day version of the WCCO Morning News…Click the link above to listen to things you may have missed.

01/28/2015

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Podcast Page-WCCO Morning News With Dave Lee 1-27-15

Tragic story out of New Hope….that story and others today with Dave Lee

01/27/2015

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Dayton Signs Bill Containing Tax Breaks, Mayo Expansion Fix

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.

01/24/2015

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Republican Senators Want To Phase Out Social Security Tax

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.

01/20/2015

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Dayton Details Child Care Tax Credit He’ll Have In Budget

Gov. Mark Dayton will seek approval for an expanded child care tax credit that would extend the benefit to 92,000 more Minnesota families.

01/20/2015

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Tax Season This Year Brings Some Big Changes

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.

01/20/2015

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Good Question: Who Makes Up The Top 1 Percent?

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.

01/19/2015

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Podcast Page: 1-19-15 The WCCO Morning News With Dave Lee.

Packers fans still in shock over the NFC Title Game….hear Mike Max discuss it by clicking the link above.

01/19/2015

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Talking Points: Obama’s Tax Plan And The Middle Class

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.

01/18/2015

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Dayton Pushes For Gas-Tax To Raise Money For Road Repairs

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.”

01/09/2015

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Dayton Acknowledges Haul From Gas-Tax Plan Is Unpredictable

Cheap gas prices could put a dent in Gov. Mark Dayton’s forthcoming proposal to tack a new sales tax on fuel purchases.

01/09/2015

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LEGISLATURE ’15: Budget, Bridges, Booze And More

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.

01/03/2015

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‘Fine-Tuning’ Of Taxes Is In The Wind At Legislature

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.

01/02/2015

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Minnesota May Start Taxing Drivers

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.

12/25/2014

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Taxpayers’ Income Doubles Since ND Boom Began

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.

12/07/2014

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Wisconsin Would Join Electric Car Tax Trend

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.

11/17/2014

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October Tax Revenues Beat Out Projections

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.

11/10/2014

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Dayton Clarifies Gas Tax Stance For Road Repairs

Gov. Mark Dayton is clarifying his call for new gasoline taxes to fund transportation projects.

10/09/2014

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Reality Check: New Franken Ad On McFadden Is Misleading

A new TV ad by Democratic Sen. Al Franken claims his Republican opponent Mike McFadden searches the world for places to avoid paying taxes.

10/08/2014

Rick Nolan And Stewart Mills

8th District Candidates Debate Guns, Taxes And Mining

In the first debate in Minnesota’s hotly contested 8th Congressional District, the candidates talked guns, taxes, and mining.

10/07/2014

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Reality Check: Did Franken Vote ‘More Than 40 Times’ For High Taxes?

Did Minnesota Democratic U.S. Sen. Al Franken vote for higher taxes “more than 40 times”, as his opponent claims?

09/10/2014

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Monthly Tax Collections Off By $10M In August

Minnesota’s tax collections for the year have fallen further behind earlier projections. State finance officials reported Wednesday that tax collectors took in $10 million less than expected in August. Individual income taxes lagged the most. In all, the state took in more than $1.3 billion last month.

09/10/2014

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Reality Check: Franken’s Ad On McFadden’s ‘Tax Inversion’

A tough new ad from Democratic Sen. Al Franken accuses his Republican opponent’s business of avoiding taxes by headquartering overseas. But Republican Mike McFadden calls the ad “ridiculous” and “full of lies.” The ad marks a new Franken campaign strategy: directly attack McFadden for his business dealings.

09/05/2014

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