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Minnesota Taxes

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INCOME TAX FILING SEASON KICKS OFF TODAY

Minnesota taxpayers can begin filing their state income tax returns today, Monday, January 24, 2022. This is the same date the Internal Revenue Service will begin accepting federal income tax returns. Taxpayers have until Monday, April 18, 2022, to file and pay their state and federal income taxes. The department offers tips to income tax […]

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2021 W-2 AND 1099 FORMS DUE JANUARY 31, 2022

2021 W-2 Forms are due to your employees and the Minnesota Department of Revenue by January 31, 2022. Form 1099 Due Date 2021 1099 Forms are due to: Your payees on or before January 31, 2022 The department on or before January 31, 2022, if you withheld Minnesota tax for payees For details and resources on submitting

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MINNESOTA QUARTERLY WITHHOLDING TAX RETURNS DUE JANUARY 31, 2022

The fourth quarter (October – December 2021) Minnesota Withholding Tax return is due January 31, 2022. Deposits were due according to your semiweekly or monthly deposit schedule. Exception: You may make your deposit by January 31, 2022, if both apply: You withheld $1,500 or less of Minnesota withholding tax in the third quarter (July –

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MINNESOTA INCOME TAX BRACKETS, STANDARD DEDUCTION AND DEPENDENT EXEMPTION AMOUNTS FOR 2022

The Minnesota Department of Revenue announced the adjusted 2022 individual income tax brackets. For tax year 2022, the state’s individual income tax brackets will change by 3.115 percent from tax year 2021. This annual adjustment will prevent taxpayers from paying taxes at a higher rate solely because of inflationary changes in their income.     

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MINNESOTA DEPARTMENT OF REVENUE PROVIDES PROGRESS UPDATE ON TAX CODE CHANGES

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,

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NORTHWEST MINNESOTA TAXPAYERS GET MORE TIME TO FILE AND PAY STATE TAXES

Taxpayers in 64 Minnesota counties and 3 tribal nations who were affected by the rapid snowmelt flooding or Winter Storm Wesley will get extra time to file Minnesota returns and pay Minnesota taxes, the Minnesota Department of Revenue announced today. This applies to individuals and businesses that are in the following tribal nations in the area: Red

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