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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 […]
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
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.
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
By Warren Strandell – Polk County Commissioner, District 2 This is the time of year when local government bodies are heavily into the task of determining the next year’s budget… a job that doesn’t get done overnight. Local governments (county boards, city councils and school boards) are required by state law to set a “preliminary”
The Crookston City Council voted at this past Monday’s Ways and Means meeting to set the 2019 preliminary levy at a 7.5 percent increase from 2018. The preliminary levy must be set by local governments by September 30 of each year to provide citizens an opportunity to learn of and comment on proposed tax levels
