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Taxes

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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

(credit: CBS)

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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Newlywed? Whether To File Separately Or Jointly

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.

03/03/2014

(credit: Meghan Ross)

Should You E-File Or See A Tax Specialist For Your Returns?

When it comes to figuring your taxes, should you rely on software or turn to a pro?

03/03/2014

Electronic Tax Filing

Best E-Filing Programs For Tax Returns

Forget the stress of tax season by using one of these e-filing programs.

03/03/2014

Taxes

5 Tips For Doing Your Own Taxes

Save money — and maximize your refund — with these tips for doing your taxes all on you own.

03/03/2014

Money Roll

5 Tax-Deductible Items You May Have Missed

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.

03/03/2014

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Tax Tips For Retirees

With careful planning, you may find yourself paying the IRS much less than you have in years past.

03/03/2014

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State’s Property Taxes Mostly Static After Refunds

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.

02/28/2014

(credit: CBS)

Surplus Pleases DFL, But Different Priorities Show

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.

02/28/2014

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Lawmakers Mull Padding Reserve With Budget Surplus

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.

02/27/2014

(credit: CBS)

News Click: Taxes For Better Roads

02/26/2014

(credit: CBS)

Dayton Pushes Mid-March Deadline For Tax Votes

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.

02/25/2014

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