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The April 15 filing deadline is almost here!
In Minnesota, you do not file an extension form for returns. The late filing penalty applies to returns filed after October 15, 2026. The late payment penalty and interest applies to income tax paid after April 15, 2026.
Here are some last-minute suggestions to help you and your clients:
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REMINDER: Your responsibility as a Minnesota tax preparer and taxpayer is to file your own return and pay your own tax in a timely manner. While your clients’ returns are important, your return is just as important.
- If your client cannot pay their full balance due, file the return and encourage them to pay as much as they can to minimize penalties and interest. Tell them to wait for a bill from us and then call to set up a payment agreement.
- Payments withdrawn from your client’s bank account may take up to 10 days from the date of withdrawal.
- If your client has not filed and is interested in advance Child Tax Credit payments, they must choose to receive payments on Schedule M1CWFC and file their return by April 15 to receive advance payments.
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Electric Vehicle and e-Bike rebates are taxable to Minnesota. These rebates are included in federal adjusted gross income on the federal return, and Minnesota does not allow a subtraction for them.
- Mobile home owners file Form M1PR, Homestead Credit Refund, only. Do not file Schedule M1RENT for the lot rent reported on a Certificate of Rent Paid (CRP). Use the worksheet in the Form M1PR instructions to account for lot rent.
- If your client did not claim the Renter’s Credit when they filed their income tax return, they must amend their income tax return to claim it. Please do not mail a separate Schedule M1RENT or CRP to us.
Questions?
Contact us.
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