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Taxes

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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

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News Click: Taxes For Better Roads

02/26/2014

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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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Wayzata To Vote On School District Upgrades

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.

02/25/2014

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Good Question: Who’s Looking At Our Taxes?

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.

02/24/2014

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NFL Wants Tax Breaks For Minneapolis Super Bowl Bid

Minnesota taxpayers might have thought the Vikings stadium debate was behind them, but there may be another controversy brewing.

02/20/2014

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Minn. Tax Preparer Faces 28 Tax-Related Felonies

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.

02/12/2014

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Should You File Your Own Taxes?

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.

02/04/2014

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Minn. Tax Agency Halts Move To Debit Cards For Now

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.

01/29/2014

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Good Question: How Is Food Tax Decided?

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.

01/21/2014

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State Surpluses Spark Debate On Tax Cuts, Spending

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.

01/17/2014

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Minn. Lawmakers Give Taste Of 2014 Session Bills

Lawmakers itching to get their proposals in the pipeline have filed them ahead of the 2014 session.

01/13/2014

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Don’t Neglect End-Of-Year Tax Write Offs

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.

12/23/2013

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Minn. Sales Tax Ruling Stands; Up To $17M On The Line

A ruling that went against Minnesota government in a long-running sales tax dispute will stand, potentially costing the state $17 million in revenue. Revenue Department Deputy Commissioner Matt Massman told The Associated Press on Tuesday that the agency won’t appeal a September court ruling.

11/19/2013

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