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Governor Tim Walz has announced that taxpayers who qualify for Minnesota’s nation-leading Child Tax Credit will have the option to receive advance payments of the credit during the upcoming tax filing season. Minnesota is the first state in the nation to offer this option for Child Tax Credit recipients. More than 223,000 tax returns claimed […]
Did you know Minnesota has several tax credits available to reduce your taxes or increase a refund? These credits ease financial burden for families, renters, homeowners, and working individuals. Do not miss out on these valuable opportunities! What tax credits are available? Child Tax Credit Credit of $1,750 per qualifying child No limit on the
Withholding Tax Quarterly Return and Deposit Are Due July 31. The second quarter (April – June 2024) Minnesota Withholding Tax return is due July 31. Deposits are due according to your semiweekly or monthly deposit schedule. Exception: You may make your deposit by July 31, 2024, if: You withheld $1,500 or less of Minnesota withholding tax
The Minnesota Department of Revenue and Minnesota IT Services announced today that the online application for individuals to apply for an e-Bike Rebate Certificate will reopen at 11 a.m. on Tuesday, July 2, 2024. What’s new this time? Due to the rebates’ popularity and high demand, applicants may need to wait in a virtual waiting
The Minnesota Department of Revenue announced that the Hubbard County Attorney’s Office recently charged Scott Allen Forbes, of Park Rapids, with one felony count of filing a false or fraudulent income tax return, five gross misdemeanor counts of failure to file individual income tax returns, six gross misdemeanor counts of failure to pay individual income
The Minnesota Withholding Tax return and deposit for annual filers is due January 31. Exception: If Minnesota tax withheld exceeded $500 during the year, deposits were due the last day of the month following the month where withholding exceeded $500 (excluding December). Businesses must meet certain criteria and have pre-approval from the Minnesota Department of Revenue
