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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
On December 16, Governor Tim Walz signed Minnesota COVID-19 Business Relief payments into law. Eligible businesses include full- and limited-service restaurants, cafeterias and buffets, caterers, bars, breweries with taprooms, family wineries and distilleries with tasting rooms, bowling centers, gyms, and fitness centers. However, according to Crookston Eagles Manager Jake Fee, who also serves as the
