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ST. PAUL, MN — It's officially tax season in Minnesota. As of Jan. 23, residents have begun submitting their 2022 state income tax returns, and many of them are expecting big refunds.
As a result, on Jan. 17, the state mailed out "Form 1099-MISC" to all rebate recipients to use when filing U.S. individual income tax returns for tax year 2023.
Capital Gains Tax. An additional tax of 1.5 percent on capital gains and dividend income over $500,000 up to $1,000,000. 4 percent additional tax on income over $1,000,000 for individuals, trusts ...
Minnesota's "Where's My Refund" tool. Both the federal government and the state of Minnesota offer an online service that allows you to check the status of your refund. Minnesota's tool is updated ...
MN Lawmakers Pass Gas Tax, Retail Delivery Fee, And Metro Sales Tax - Minneapolis, MN - The three major tax measures are intended to help pay for the state's transportation infrastructure.
The IRS begins accepting federal returns for the 2023 tax year on Jan. 29. The deadline to file federal tax returns and Minnesota state returns is both Monday, April 15.
As of March 31, the IRS had paid out $183.130 billion in refunds for tax year 2022. That’s down 10.4 percent from last year’s total of $204.405 billion. The amount paid out per taxpayer is ...
About 24 percent owe between $20,000 to $40,000. About 2 percent owe more than $200,000. The federal government plans to forgive $10,000 in student loan debt for borrowers in Minnesota and across ...
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