Gov. Mark Dayton is proposing to use half of Minnesota’s projected $1.2 billion surplus to cut taxes, with another big chunk going to fill reserve accounts. Dayton outlined his supplemental budget plan Thursday, the day the House was planning to vote on a slightly smaller tax bill.
Barely a week into the legislative session, a $500 million package of tax cuts and repeals is being put to a vote in the Minnesota House. The Legislature is racing to undo some business sales taxes adopted last year, including one on warehousing services that will kick in April 1.
The push to get same sex marriage adopted in Minnesota was an emotional one, but now those couples are wrestling with the financial implications.
Whether you’re 25 or 55, you know you’ll want to retire one day – and to retire in comfort you must save. These five simple steps can help you make a big difference in your efforts to reach retirement with lots of money in your retirement account.
With careful planning, you may find yourself paying the IRS much less than you have in years past.
Newlyweds are often confused about the best type of filing for their particular situation as well as the legalities involved. If you want to enjoy the lowest tax rate possible, you’ll need to do your homework, starting with these considerations.
When it comes to figuring your taxes, should you rely on software or turn to a pro?
Forget the stress of tax season by using one of these e-filing programs.
Save money — and maximize your refund — with these tips for doing your taxes all on you own.
Who doesn’t want to save a little (or a lot of) extra money at tax time? Claiming all the deductions for which you are eligible can significantly reduce your tax bill.
Minnesota property taxes owed this year are mostly static once refunds and credits are factored in, state officials said Friday, despite their earlier prediction that those taxes would drop considerably. A Department of Revenue analysis shows a net $8 million drop in a property tax system that generates $8 billion a year.
Democrats who control Minnesota’s House and Senate agree a $1.2 billion surplus is likely to make for an easier legislative session, but there’s not agreement yet on how much to spend, save or rebate to taxpayers. House Speaker Paul Thissen says he wants to move quickly on more than $500 million in tax relief.
A tantalizing Minnesota budget surplus has stirred talk of tax cuts or funding bumps for prized programs and infrastructure upgrades, but a less-flashy option also has gained some currency: saving some to prepare for the next economic downturn.
Gov. Mark Dayton is urging final action by mid-March on a package of tax breaks and the repeal of some recently adopted business taxes.
Voters in Wayzata, Minn. are going to the polls Tuesday to deciding if they should expand the high school, build an elementary school and upgrade safety, security and technology districtwide. The district believes a bigger high school is needed because so many people have moved to the Wayzata area.
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.
Minnesota taxpayers might have thought the Vikings stadium debate was behind them, but there may be another controversy brewing.
A 64-year-old Minnetonka man has been accused of stealing clients’ refund money while working as a tax preparer, the Minnesota Department of Revenue announced Wednesday.
We are just a few days into tax filing season. Though most people probably haven’t gotten their taxes done quite yet, WCCO took look into answering one of the most common questions. Tax season was delayed a few weeks, but the deadline is still April 15.
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.
Right now, Papa Murphy’s is fighting a push to tax its take-and-bake pizza. The pizza is not considered “prepared” food, so it’s exempt. Looking at your grocery receipt to see what’s taxed often doesn’t make a whole lot of sense. So how is food tax decided? Heather Brown takes a close look at this Good Question.
As they open their legislative sessions, politicians in many states are facing a pleasant election-year challenge: What to do with all the extra money? A slow but steady economic recovery is generating more tax revenue than many states had anticipated.
Lawmakers itching to get their proposals in the pipeline have filed them ahead of the 2014 session.
In the midst of the holidays, taxes are likely the last thing on the minds of most people. But maybe they shouldn’t be. From selling a car to buying energy efficient windows, there are ways to get money back before 2013 comes to an end. And there may be a few extra tax deductions that most people don’t even know about, according to Jeff Bergerson of Bergerson Tax Services in St. Paul. The Energy Efficient Credit is a major one.