Health & Fitness
Middle Class Tax Cuts Signed Into Law, Important Info for Filers
Over one million middle class Minnesotans will pay less in taxes as a result of legislation approved by the House, Senate and Governor Dayton.
Over one million middle class Minnesotans will pay less in taxes as a result of legislation approved by the House, Senate and Governor Dayton last Friday that conforms our state tax system to the federal tax system.
This is another positive step towards a fairer, more progressive tax system that pays for the needs and services that make Minnesota such a great place to live, work and raise a family.
Minnesotans who benefit from federal tax conformity include married couples, working families, new homeowners, students, teachers and others. The tax bill also repeals three business-to-business sales taxes, including a tax on farm equipment repairs.
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The Department of Revenue is working to implement the new law as soon as possible.
If you have not yet filed your 2013 Minnesota tax return, you should wait until after April 3, 2014 to do so. The Department of Revenue will complete updates to their online systems by that date to account for tax refund changes.
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If you already filed your 2013 Minnesota tax return, you don’t need to do anything right now. The Department of Revenue will continue mailing refunds as usual. After the April 15 filing deadline, they will review tax returns received before tax refund changes took effect then send any refund increase the same way you elected to receive your refund. If you qualify for a bigger refund, the Department of Revenue will be able to make the necessary changes to your return using the tax documents you provided. If they are unable to do so, they will individually contact you by postal mail to request documents needed to amend your return.
For more information, click here to open an attachment with general guidance from the Department of Revenue. You can also contact me by phone at (651) 296-0171 or by email at rep.david.bly@house.mn with any questions.
Minnesota’s economy is growing stronger and will continue to do so as we move towards a fairer, more progressive tax system. I am pleased lawmakers are taking swift action to make sure more individuals, families and businesses benefit from our economy recovery.
