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Tax Relief in Minnesota

Minnesota MapMinnesota residents are feeling the burden of the same financial struggles affecting the rest of the nation, including those that come as a result of tax debt. For instance, Minnesota’s top tier of personal income tax is fourth highest in the United States at a rate of 9.85%. The state collects an average of $1,404 per person in local and state income tax each year, ranking the state 6th highest nationwide.

Even with respect to property taxes, Minnesotans pay approximately $1,535 per person each year, which places the state in 16th highest place overall.

Although property taxes in the state are relatively low, Minnesota residents often find themselves in the position of owing money to the IRS and to local and state collection agencies. For Minnesotans who have little-to-no savings, and who often live from one paycheck to the next, setting aside the money to pay Uncle Sam is often a lower priority than paying the rent, taking care of medical bills, buying groceries, or making car payments. Paying taxes takes a backseat to meeting immediate, urgent needs.

While the average amount of federal taxes collected in Minnesota is almost the same as the national average of $11,715, the state’s median household income has declined by 17% in recent years.

Financial difficulties have prompted many Minnesotans to seek out tax relief as a solution to increasing personal debt. Tax relief companies help individuals to minimize the stress of owing money to state and federal tax authorities, and to avoid the possibility of assets being seized or wages garnished. Experts in tax relief work with their clients to reduce their overall tax debt and can use a variety of methods to do so. Some such approaches include negotiating penalty abatement, setting up installment agreements with the IRS, and amending previous years’ tax returns.


Minnesota Capitol standoff fuels worries about chaotic tax season next year

The stalemate over taxes between Gov. Mark Dayton and the GOP-controlled Legislature is fueling worries of a turbulent tax season for Minnesota taxpayers and businesses early next year. As the Legislature's midnight Sunday deadline for votes nears, the ...

Published:  Fri, 18 May 2018 01:15:00 GMT

Minnesota bonding loses, tax bill faces veto

ST. PAUL-Legislation that would affect every Minnesota taxpayer appears headed toward a veto. A separate measure to fund public works projects failed to pass the Senate, Wednesday, May 16. If the governor follows through with his tax bill veto threat ...

Published:  Wed, 16 May 2018 14:55:00 GMT

Tax Deal, Education Funding in Flux as Session Ticks Away

The stakes for a tax bill are high. Failure to pass a bill would leave state regulators with the daunting task of matching Minnesota residents' tax returns with a drastically different federal tax framework. St. Paul tax attorney Eric Johnson told the Star ...

Published:  Fri, 18 May 2018 16:51:00 GMT

Dayton Vetoes Tax Bill While Visiting Elementary School

MINNEAPOLIS (WCCO) - Minnesota Governor Mark Dayton vetoed the big tax bill of the year Thursday, setting the stage for a rocky end of the 2018 legislative session. The Democratic governor vetoed the bill while surrounded by second- and third-grade ...

Published:  Thu, 17 May 2018 07:29:00 GMT

Tax ruling on Enbridge has Minnesota counties concerned

BEMIDJI, Minn.-Area counties are concerned a recent decision by a Minnesota Tax Court regarding Enbridge Energy's oil pipeline system could leave them paying out potentially large refunds to the company. On Tuesday, May 15, tax court Judge Joanne Turner ...

Published:  Thu, 17 May 2018 20:00:00 GMT

Enbridge prevails in Minnesota property tax challenge

The state of Minnesota has repeatedly overvalued Enbridge Energy's oil pipeline system, a state tax court judge ruled Tuesday, possibly leaving several counties on the hook to pay tens of millions of dollars in tax refunds. The Minnesota Department of ...

Published:  Tue, 15 May 2018 09:30:00 GMT

John Spry: Minnesota needs to pass federal tax conformity now

Doing our Minnesota taxes next year could become a paperwork nightmare if the Minnesota Legislature doesn't pass and Gov. Dayton doesn't sign a Minnesota federal tax conformity bill. Taxpayers and the Minnesota Department of Revenue need time to plan ...

Published:  Wed, 16 May 2018 23:11:00 GMT

Deadline Looms for Dayton, Republicans to Strike Deal on Tax Bill

Some tax professionals are warning of big problems if Minnesota legislators and Gov. Mark Dayton don't strike a deal on changes to the state tax code by this weekend. The state needs to make some changes to conform to the big federal overhaul that passed ...

Published:  Fri, 18 May 2018 11:01:00 GMT

Minnesota House Gives Final Passage to Tax Bill

Gov. Mark Dayton has vowed he won't consider a tax bill until the legislature authorizes emergency funding for public schools. By a vote of 78-50, the House late passed the conference committee report for an Omnibus Tax bill, agreed to by both the House ...

Published:  Tue, 15 May 2018 14:30:00 GMT

Minnesota Legislature tests governor's resolve with tax bill

ST. PAUL, Minn. - Republicans who control the Minnesota Legislature are testing Gov. Mark Dayton's resolve with a bill that syncs Minnesota taxes with the federal overhaul. The House passed the bill Tuesday on a 78-50 vote despite the Democratic governor ...

Published:  Tue, 15 May 2018 19:41:00 GMT

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