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      September 23, 2018

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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.


Taxes, debt top worries in Minnesota, North Dakota

North Dakotans and Minnesotans Google "student loans" and "property taxes" more than any other money-related term. Business Insider analyzed Google Trends data from the past year to find what kind of ...

Published:  Sat, 22 Sep 2018 07:34:00 GMT

Absentee voting begins in Minnesota

Online: or Phone: 507-332-6104 (Faribault), 507-645-9576 (Northfield) or 507-744-5185 (Lonsdale) In person: Rice County Property Tax & Elections Department, 320 ...

Published:  Fri, 21 Sep 2018 07:30:00 GMT

Charges: Minneapolis Business Owner Owes $27,000 in Taxes

The Minnesota Department of Revenue has announced that the Hennepin County Attorney's Office has charged an Isanti man and Minneapolis business owner with eight tax-related felonies and eight tax ...

Published:  Tue, 11 Sep 2018 09:12:00 GMT

Health care Q+A with Minnesota Senate candidates Smith, Housley

and imposed an age tax which would have allowed insurance companies to charge older Americans up to five times more. She also opposed efforts to expand health care coverage in Minnesota, including a b...

Published:  Sat, 22 Sep 2018 13:34:00 GMT

County approves preliminary 4.8 percent tax levy increase

"I was shocked to see that," he said. "Apples to apples, farming in Iowa is a lot cheaper than farming in Minnesota." Shoff and Mathiason said Belshan did not understand the differing tax structures o...

Published:  Wed, 19 Sep 2018 19:58:00 GMT

Study takes dim view of TIF loans, a common finance tool in Minnesota

From 2000 to 2014, Minnesota issued $1.4 billion in TIF loans and financial obligations, making the state the fourth biggest user of TIF in the United States. The 72-page report, "Improving Tax Increm...

Published:  Tue, 11 Sep 2018 18:58:00 GMT

Fundamental Valuation Principles Prevail In Minn. Tax Court

In Enbridge Energy Limited Partnership v. Commissioner of Revenue,[1] the Minnesota Tax Court recently rejected the Minnesota commissioner of revenue's attempt to artificially increase an interstate p...

Published:  Mon, 10 Sep 2018 08:53:00 GMT

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