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Minnesota Taxes 2014

Minnesota Tax Guide

This is a brief summary of the taxation policy followed in the state of Minnesota. It describes the different categories of taxes imposed on the citizens of Minnesota.

Minnesota Income Tax

  • There are three tax brackets in the state of Minnesota, 5.35%, 7.05% and 7.85%.
  • There are two different taxes for single and married taxpayers respectively.
  • Single taxpayers, for example have to pay tax at a rate of 5.35% on the first $22,770 of their taxable income.
  • On the other hand, married couples are liable to pay 5.35% on the first $33,280 of their taxable income.
  • The full details of these taxes can be obtained from the official website of Minnesota’s Revenue Department.
  • Annual income tax returns have to be filed on the 15th of April each year or the next working day if the 15th falls on a weekend or a public holiday.

Minnesota Sales Tax

  • There was an increase to 6.875% in sales tax from 1 July 2009.
  • The state tax department of Minnesota is responsible for administering sales tax for many local governments.
  • There is also a “use tax” which is applicable to goods purchased outside the state but used in Minnesota.

Minnesota Property Tax

  • The property tax bills get generated and are delivered to property owners each spring.
  • There are three factors affecting the amount of tax on the bill which the local governments (county, town or city).
  • The three factors are the amount spending by the governments for the community, the classification of property (determined by the state legislature) and the estimated market value of the property.
  • The “county property assessor” is responsible for the final classification of the property in question. The property is assigned its own category – apartment, home, business, farm or cabin.
  • The percentage of tax to be levied is determined by the state legislature.
  • There are two programs of property tax refund for homeowners in Minnesota, namely the regular property tax refund and the special property tax refund
  • The eligibility for the above refunds depends on the size of the property, and the income of the property owners.

Minnesota Estate and Inheritance Taxes

  • Minnesota has not adopted the federal changes to tax law.
  • Form M706 instructions acts as a guide for the determination what is called the “federal gross estate” and also for calculation of Minnesota estate tax.
  • Inheritance Tax is not collected in Minnesota.

Prior Year M1 Minnesota Individual Income Tax Forms

2005 2006 2007 2008 2009 2010

Where to Mail FEDERAL IRS Tax Forms Within Minnesota:

IRS Form If You ARE NOT Enclosing a Payment, Use This Address: If You ARE Enclosing Payment, Use This Address:
1040: Department of the Treasury
Internal Revenue Service
Fresno, CA  93888-0002
Internal Revenue Service
P.O. Box 802501
Cincinnati, OH 45280-2501
1040A: Department of the Treasury
Internal Revenue Service
Fresno, CA  93888-0015
Internal Revenue Service
P.O. Box 802501
Cincinnati, OH 45280-2501
1040EZ: Department of the Treasury
Internal Revenue Service
Fresno, CA  93888-0014
Internal Revenue Service
P.O. Box 802501
Cincinnati, OH 45280-2501

Minnesota Tax Help

Where's My Refund?
651-296-3781

Taxpayer Rights Advocate:
(651) 556-6013

Collections:
(651) 296-3457


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