Good Question: How Much Tax Refund Money Are We Getting?As of March 20, 57 percent of American taxpayers filed their federal taxes. Just about 80 percent received a refund. The average federal refund amount is $3,038. That refund rate is expected to drop slightly as we head closer to April 15.
Get Your Taxes Prepared For FreeThe Minnesota Department of Revenue wants to set you up with one of hundreds of tax preparers who can help you get your taxes filed for free. If you are 60 or older, have a disability, speak little to no English or make $53,000 a year or less, you qualify for free tax preparation.
State Tax Collections Add Up To $43M Extra In FebruaryMinnesota revenue collections have shattered expectations yet again. February saw $43 million more than finance officials were banking on. Figures released Tuesday by the Department of Minnesota Management and Budget said that amount was 5.7 percent ahead of projections.
Minnesota Property Taxes Set For 2015 IncreaseThe Minnesota Department of Revenue released an analysis Friday showing a $286 million increase in planned property tax collections for 2015. That's a slightly smaller increase from previous estimates released in the fall.
Good Question: How Much Do We Pay In Taxes?If you haven't done so already, you might be gathering up all the paperwork you’ll need to send your money off to Uncle Sam.
Minn. Resumes Accepting Turbo Tax ReturnsMinnesotans will once again be able to file electronic tax returns with Turbo Tax as of 3 p.m. Saturday, according to the Minnesota Department of Revenue. The parent company of Turbo Tax, Intuit, had temporarily suspended e-filing in all states after concern of fraud arose when two Minnesota users reported that someone had already filed under their name.
Turbo Tax Resumes State E-Filing; Still Closed In Minn.The company had temporarily suspended e-filing in all states over concerns of fraud. The scare prompted the Minnesota Department of Revenue to block Turbo Tax filings, which remains closed pending further investigation.
Minnesotans Who Already Filed With TurboTax Play Waiting GameMinnesotans aren't the only ones who can't file their state tax returns through TurboTax. The company is now temporarily suspending e-filing in all states over fraud concerns. On Thursday, the Minnesota Department of Revenue announced it would stop accepting the state returns from filers using TurboTax.
Minn. Stops Accepting TurboTax Returns Due To Potential FraudThe Minnesota Department of Revenue has stopped accepting tax returns filed using Intuit’s TurboTax individual software because of potential fraud.
Tax Preparer Charged With Defrauding State Of $1.4 MillionA Minneapolis tax preparer is facing more than 50 criminal charges for allegedly filing false tax returns for her clients while failing to file any for herself. Rona Griffin ran HAH Broker, Inc., out of her home in Champlin before moving to Minneapolis.
Revenue Department Stresses Electronic Tax Return FilingMinnesota's tax collection agency is making another paperless push. The Revenue Department ushered in the start of tax filing season Tuesday with a renewed emphasis on electronic filing and direct deposit options.
Good Question: Who Makes Up The Top 1 Percent?A new report from Oxfam International finds that by 2016, the top one percent of people will own 50 percent of the world's wealth. That’s up from 44 percent in 2009.
Minnesota Tax Filing Season Opens Jan. 20The Minnesota Department of Revenue says taxpayers can start filing their Minnesota tax forms on Jan. 20. That's the same day that the IRS says taxpayers can start filing their 2014 returns.
Good Question: Who’s In The Middle Class?If you've been listening to the political ads over the past few weeks, you've heard the term "middle class" mentioned over and over. This had Barbara from Mound wondering: Who's in the middle class? Pew Research says 44 percent of people identify as solidly middle class. That's down from 53 percent back in 2008.
MN Dept. Of Rev: Refunds From Tax Law Change On The WayThe Minnesota Department of Revenue says tax payers who qualify for refunds because of 2013 tax law changes will get their money by June 27. Department officials say 260,000 returns qualify for refunds, and 52,000 have already been reviewed manually. The review process is being automated to speed up the processing.