Taxes

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Dayton Signs $434 Million Tax-Relief Measure

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.”

03/21/2014

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Tax Audit Red Flags To Be Aware Of

What may trigger an audit from your tax filing?

03/20/2014

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Minn. Tax-Relief Bill Put In Higher Gear; Vote Due Soon

A tax relief measure put on a fast track in the Minnesota Senate on Wednesday could mean immediate breaks for at least 300,000 people. The Democratic-crafted proposal was unveiled a day after Gov. Mark Dayton implored lawmakers to speed up. The bill could get a floor vote as soon as Thursday.

03/19/2014

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PODCAST PAGE: The Morning News With Dave Lee …… 3-19-14

Miss something from today’s show? Click the above link to listen back to some of the highlights!

03/19/2014

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Minn. Senate Plans Tax Relief Vote On Thursday

Leaders of the Minnesota Senate say they hope to pass a $434 million tax relief measure on Thursday, though it’s not clear if differences with a House version will delay its path to Gov. Mark Dayton.

03/18/2014

Taxes

Tax Chief Warns Tax Bill Delay Has Consequences

Minnesota Revenue Commissioner Myron Frans said Tuesday his agency is fast approaching an internal deadline for alerting income tax preparers and software vendors of new tax breaks that filers might qualify for this year.

03/18/2014

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BILL PENDING! Freshman Legislator 3/18/14

St Patrick’s Day adventures turn into an early morning at the Capitol on this week’s edition of BILL PENDING, INDEPENDENT FRESHMAN LEGISLATOR. Click the link above to listen.

03/18/2014

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PODCAST PAGE: The WCCO Morning News With Dave Lee 3-18-14

Miss something from Tuesday? CLICK THE LINK ABOVE to listen back to highlights from THE MORNING NEWS WITH DAVE LEE!

03/18/2014

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Tax Education Credits And Deductions

College can be is very expensive, luckily Congress and the IRS have given us ways to offset education costs.

03/18/2014

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Advice For Successfully Getting A Small Business Loan

Even during challenging times, a small business with a sound strategy can obtain a loan.

03/17/2014

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Advice For Successfully Getting A Small Business Loan

Even during challenging times, a small business with a sound strategy can obtain a loan.

03/17/2014

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Buyer’s Guide: What To Look For In A New Digital Camera

When it comes to cameras, there is a wide array from which to choose. Consider these factors before making your next camera purchase.

03/17/2014

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Buyer’s Guide: What To Look For In A New Digital Camera

When it comes to cameras, there is a wide array from which to choose. Consider these factors before making your next camera purchase.

03/17/2014

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Should You Itemize Your Taxes This Year?

Should you take the time to fill out the long 1040? It really depends. To find out whether you should itemize you will need to do some homework.

03/15/2014

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What’s On Your Tax Return?

Review your tax situation now so you have some idea what tax bracket you will fall into this year and decide whether you want to do the long 1040 or the short 1040EZ.

03/14/2014

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A Simplified Tax Option For Home Offices

This tax season holds good news for millions of self-employed people who work from home: Home office deductions, which used to require a litany of calculations and the completion of a 43-line form, have at last been simplified.

03/13/2014

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Disappearing Deductions Cost Taxpayers

Changes to tax laws last year reinstated some income-based phase outs of some widely used personal exemptions and itemized deductions, leaving many taxpayers with higher tax bills.

03/12/2014

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The “Dirty Dozen” Tax Scams Of 2014

The IRS has a warning for Americans — watch out for tax scams. Every year the agency releases a “Dirty Dozen” list of the worst tax scams out there. This year, identity theft and phone scams top the list.

03/12/2014

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Tax Advice: Common Small Business Tax Filing Mistakes

Small businesses can innocently make tax mistakes that wind up racking up steep penalties. Consider these common mistakes before filing your taxes.

03/10/2014

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Tax Advice: Common Small Business Tax Filing Mistakes

Small businesses can innocently make tax mistakes that wind up racking up steep penalties. Consider these common mistakes before filing your taxes.

03/10/2014

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Lawmakers Hash Out Tax Cuts In Light Of Surplus

This year it’s not a matter of if there will be tax cuts for Minnesotans; the only question is by how much. Lawmakers are busy coming up with ways to use the state’s billion-dollar-plus surplus. Minnesota’s economy this election year is generating the kinds of jobs and tax revenues not seen in years.

03/07/2014

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Dayton Would Devote Half Of Surplus To Tax Breaks

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.

03/06/2014

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Quick-Moving Tax Bill Put To Minnesota House Vote

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.

03/06/2014

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Minn. Same-Sex Married Couples Ponder Tax-Filing Method

The push to get same sex marriage adopted in Minnesota was an emotional one, but now those couples are wrestling with the financial implications.

03/04/2014

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Five Tips for Getting the Most From Your 401(k) Plan

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.

03/03/2014

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