New Minnesota tax forms readied
ST. PAUL - The Minnesota Revenue Department has provided tax software companies all of the changes in tax forms and instructions following state law changes so software may be updated Thursday.
Also, state officials notified Minnesota libraries to destroy all paper income tax forms and instructions they have. New forms soon will be available on the Revenue Department website, www.revenue.state.mn.us.
The changes come after the Legislature and Gov. Mark Dayton approved $443 million in tax cuts, some of which apply to people now filing income tax returns.
Revenue Department officials say they continue to recommend that Minnesotans, and their tax preparers, not file taxes yet if they qualify for any of the new tax breaks (specifics are available at the department website). Tax preparers should wait until the department gives them the go-ahead to file, the department says. Those filing electronically can send in returns once their software is updated.
More than 56 percent of Minnesotans have filed returns, with 92 percent filed electronically.