Changes in Tax Law to Benefit Middle Class

20 dollar bills creditedAbout 1 in 10 Minnesotans will see tax cuts this year as a result of the tax cut package passed by the legislature. The Department of Revenue is working to provide guidance to tax filers to make sure they can take full advantage:

If you have not yet filed your 2013 taxes, you should wait until after April 3, 2014.

·The Department of Revenue will have their online systems updated by then to account for tax refund changes.

·You can see if the new laws will apply to you by visiting the Minnesota Department of Revenue’s website.

If you have already filed your 2013 taxes, you don’t need to do anything right now.

·The Department of Revenue will be mailing refunds as usual and then reviewing returns that they received before the changes went into effect.

·They will be doing this review after the April 15th tax deadline and then sending out any refund increase by whatever means you elected to receive your refund.

·If you are eligible for a refund, the Department of Revenue will be able to make the necessary changes to your return with the tax documents you provided. If they are unable to do so, they will individually contact you by postal mail to request necessary documents to amend your return.

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