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The Minnesota Department of Revenue annually releases a list of the preliminary maximum property tax levies that have been reported by local governments and have been passed by local school referenda on November 2, 2021. The preliminary amounts are used by counties to compute parcel-specific property tax estimates for 2022, which are mailed to property owners […]
The Minnesota Department of Revenue reminds the state’s military service members to take advantage of a refundable military tax credit before it expires. More than 2,300 service members were eligible for the 2017 Form M99, Credit for Service in a Military Combat Zone, but about 1,100 service members still have not claimed it. The 2017
The Minnesota Department of Revenue continues to provide updates on tax code changes signed into law earlier this year and their progress in updating their systems. Below is their most recent update. Minnesota tax code changes were signed into law on July 1, 2021. The changes relate to unemployment compensation, Paycheck Protection Program (PPP) loan forgiveness,
The Minnesota Department of Revenue is reminding people that many school supply purchases may qualify for valuable K-12 tax benefits on your 2021 Minnesota income tax return. “Purchasing school supplies is an investment that nearly every parent or caregiver in Minnesota makes on a yearly basis,” said Revenue Commissioner Robert Doty. “Save receipts from these
Minnesota tax code changes were signed into law on July 1, 2021. The changes relate to unemployment compensation, Paycheck Protection Program (PPP) loan forgiveness, and other retroactive conformity provisions affecting tax years 2017 through 2020. The Minnesota Department of Revenue updated Minnesota tax forms for tax year 2020 to reflect these changes. If you filed a 2020
Two recent court rulings favor Enbridge’s appeal of its state tax valuations. Those decisions will hit counties hard, particularly Red Lake and Clearwater counties, for whom the result of these rulings could mean a refund larger than their annual tax levy. The recent rulings say the Minnesota Department of Revenue overvalued Enbridge pipelines by as
