The current tax year is 2020, with tax returns due in April 2021. Box 931000 Louisville, KY 40293-1000: 1040-ES. Penalty Abatement Information for Individuals. If we can help you over the phone, please include your phone number. You may ask us to cancel or reduce penalties and interest for late filing or payment if you have a reasonable cause or are negatively affected by the COVID-19 pandemic. Research estimates of how state House and Senate bills could affect revenues and the Minnesota tax system. Note: Employees who do not have Wisconsin income tax withheld from the wages earned in Minnesota will be required to make regular estimated tax payments if they expect to owe $500 ($200 prior to November 9, 2013) or more with their Wisconsin income tax return for the year. Mail your income tax return to: Minnesota Department of Revenue Mail Station 0010 600 N. Robert Street St. Paul, MN 55145-0010 Mail your property tax refund return to : Minnesota Department of Revenue Mail Station 0020 600 N. Robert Street St. Paul, MN 55145-0020 Mail your tax questions to: Minnesota Department of Revenue Mail Station 5510 600 N. Robert Street Visit the state websites below and find information on doing business in the state, taxation, links for employers, and more. The current tax year is 2020, and most states will release updated tax forms between January and April of 2021. Minnesota Office of the Revisor of Statutes, 700 State Office Building, 100 Rev. Policy statements that provide added interpretation, details, or information about Minnesota tax laws or rules. The wording and content has been submitted by each individual company. Street address (for deliveries): Minnesota Department of Revenue. If we can help you over the phone, please include your phone number. Tax Information for Individuals Where's My Refund? Use Form M1, Individual Income Tax, to estimate your Minnesota tax liability and credits for the year. The Minnesota State Tax Tables for 2021 displayed on this page are provided in support of the 2021 US Tax Calculator and the dedicated 2021 Minnesota State Tax Calculator.We also provide State Tax Tables for each US State with supporting tax calculators and finance calculators tailored for each state.. 600 North Robert Street. Signs of Potential Tax Evasion or Tax Fraud, $67.3 million dispersed to businesses impacted by COVID-19 closures. For more information, updates, and resources, see Our Response to COVID-19. TaxFormFinder provides printable PDF copies of 96 current Minnesota income tax forms. DO NOT SEND CASH. Angel Tax Credit Minnesota's Angel Tax Credit provides a 25-percent credit to investors or investment funds that make equity investments in startup companies focused on high technology, new proprietary technology, or a new proprietary product, process or service in specified fields. field_block:node:landing_page:field_subtitle, field_block:node:landing_page:field_paragraph, We will send COVID-19 Business Relief Payments to eligible businesses under an economic relief package signed into law December 16. Minnesota’s corporation franchise tax, which is a tax on the income of traditional corporations, is comprised of a flat 9.8% tax plus an additional, alternative minimum tax (AMT). You can authorize a direct transfer from your bank account to the Minnesota Department of Revenue. For instructions on how to compute estimated income tax, see the worksheet provided on the DR 0104EP form. Blvd., St. Paul, MN 55155 For information on how to make a bank wire transfer, call us at 651-556-3003 or 1-800-657-3909 (toll-free). Your request will not be processed without payment. For details, see, We're evaluating how a recent state law change aligns Minnesota's tax code with federal expensing rules for Section 179 business property for 2020 and, in some cases, previous tax years. Description: The Minnesota Department of Revenue does not endorse any specific software program(s). The FAQ guidance notes that under current federal law, it is likely that these amounts would be taxable income to the recipient. St. Paul, MN 55146-5510. For the latest information on the COVID-19 outbreak in Minnesota, please visit the Minnesota COVID-19 Information Portal. field_block:node:landing_page:field_paragraph, field_block:node:landing_page:field_related_pages, field_block:node:landing_page:field_last_updated. Dr. Martin Luther King Jr. The same is true of revenue more broadly as Figure 2 shows. For tax year 2018, the state’s individual income tax brackets will change by 1.987% from tax year 2017. If we sent you a letter, please include the Letter ID number from the top right corner. Tax rates and thresholds are typically reviewed and published annually in the year proceeding the new tax year. The relief payments were part of … Federal and state tax advantages for section 529 college savings accounts . For more information, see. If we sent you a letter, please include the Letter ID number from the top right corner. Source: Minnesota Department of Revenue and the Bureau of Economic Analysis. St. Paul, MN 55101. For teletypewriter users or telecommunications-device-for-the-deaf users, call the Minnesota Relay Service at 1-800-627-3529 and ask to be connected to Revenue's Taxpayers' Assistance Office at 651-296-3781. 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