The countdown is on. Taxpayers have until midnight Tuesday to get their taxes done. The IRS will receive about 135 million tax returns by the April 15 deadline. About 90 percent of those are now filed electronically. In a roundabout way, that’s helped cut down on the number of audits the IRS can conduct.
Top Democrats in the State House Friday approved a scaled-back version of a major new office building next to the Capitol, dedicated to the Minnesota Senate. The building’s original design had a soaring glass front, with a fitness center and reflecting pool. The scaled back version is slightly more modest, but no less controversial.
Minnesota Department of Revenue officials have a message for taxpayers who haven’t filed their returns. The department says the new tax cuts are good to go, and taxpayers should file now. Those cuts were passed just a couple of weeks ago by lawmakers, and thousands of Minnesotans could benefit. A couple of weeks ago, the revenue department made a very unusual appeal, urging Minnesotans to wait to file their tax returns so it could re-calibrate its computers and re-write tax forms for the new cuts.
Minnesota tax officials are scrambling to put in place new tax cuts passed by the legislature just six days ago. In a rare move, they’re asking taxpayers who might qualify for tax cuts to wait until April 3 to file. The department needs until then to program the tax cuts into its computers and instruction forms.
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.”
The federal government shutdown is now affecting Minnesota jobs. The state will lay off 105 health department workers immediately, and thousands of other federal workers in the state will face the same fate. And Congress appears to be standing still. According to Congressman Erik Paulsen’s office, he skipped out on his own event Monday to head back to Washington to work on ending the shutdown. Some disappointed constituents, like Michael Waring of Edina, said they wanted to talk with him about ending the shutdown – even if it means joining with Democrats to do it.
Minnesota is preparing to sell nearly $500 million in bonds to cover the state’s share of the Vikings stadium facility. It’s looking for financial institutions to buy the bonds for the stadium construction, which is scheduled to start in November. The $498 million in loans will cover the State’s and the Minneapolis’ share of stadium construction. The Vikings are putting up the rest of the $477 million for the project, which will total $975 million.
The Internal Revenue Service has a message for taxpayers eager to learn the status of their tax refund: Please don’t check the IRS website every five minutes — once a day is enough.
A state agency has asked a court to throw out a lawsuit alleging that Minnesota taxpayers have been wrongfully charged for more than 37,000 abortions on indigent women since 1999.
Taxpayers are picking up another large bill for legal fees in the Minnesota Senate.
A conservative legal group has filed a lawsuit alleging that Minnesota taxpayers are being wrongfully charged for elective abortions.
Minnesota’s tax man is making it easier to pay by credit or debit card, saying a new payment system that goes online July 1 will be convenient for taxpayers.
Voters in the Brooklyn Center School District Tuesday approved the renewing of the district’s operating levy 513 to 196. It’s a move that means taxpayers will continue to provide the same amount per student.
Wisconsin has settled an old tax-reciprocity debt owed to Minnesota.
Minnesota took in $32 million more than anticipated during February and March as taxpayers withheld taxes on salary bonuses and businesses got smaller tax refunds.