Estimated payment guidance for 2020 Income Tax Estimated Payments

Estimated payment guidance for 2020 Income Tax Estimated Payments

As part of the state’s continued response to COVID-19, the Minnesota Department of Revenue is providing additional guidance that taxpayers can use to calculate their 2020 estimated tax payments.

When are first quarter Minnesota estimated payments due for tax year 2020?
The first quarter 2020 estimated income tax payments for individuals, calendar year S-corporations, partnerships, and fiduciaries are still due April 15, 2020. This date is different than the federal payment date.

The due date for calendar year corporate franchise taxpayers was March 15, 2020.

What are the options to calculate 2020 estimated tax?
To avoid penalty, interest, or additional tax charges, you must base your 2020 estimated tax payments on one of the following options:

• 90% of estimated liability in 2020,
• 100% of actual liability in 2019 (110% for individuals if your adjusted gross income was more than $150,000)
• 75% of actual liability in 2018.

Note: If you have filed your 2019 return, we encourage you to use your actual liability for 2019.

What if I need additional relief?
Taxpayers can request additional relief from penalty and interest for reasonable cause, or in the event of emergency declarations by the president and governor due to COVID-19. See Penalty Abatement Information for Individuals and Abatement Information for Businesses.

Where do I go with additional questions?
See Our Response to COVID-19, or contact us.

• Income Tax and Withholding Division
  • Phone: 651-296-3781 or 1-800-652-9094 (toll-free)
  • Email: individual.incometax@state.mn.us
• Corporate Franchise Tax Division
  • Phone: 651-556-3000 or 1-800-657-3666 (toll-free)
  • Email: business.incometax@state.mn.us