New Minnesota tax law changes (for 2017 &2018 tax years)

[deadeye]

This may sound odd to most but Minnesota just released changes to the 2017 and 2018 tax codes.  Now, my guess is most people have filed those tax years by now.  The DOR says not to worry, they will take care of any changes required to your returns.  I don't know about you but it make me a little uneasy when I hear "don't worry" or "we will take care of changes".  Some people may get a check and others may get a bill.  Go figure.

"The department is reviewing the tax law changes that were signed into law in late May and their impact on our customers. We are working with tax software providers to ensure they have the resources and information necessary to update their systems to reflect the tax law changes for all affected tax years.  For tax years 2017 and 2018
You do not need to take any action at this time. Do not file or amend any returns relating to retroactive provisions for 2017 and 2018 in this year's legislation. In early July we plan to post updated near final 2017 and 2018 individual and business tax forms for review.
In late August/early September software vendors will have updated software available for use in filing. The department will publish a list of vendors who have updated their filing software."

[Rebel SS]

Right you are. It's basically Walz bringing Minnesota into line with federal tax laws that they failed to pass in the 2018 legislative sessions. And yup, gonna be a huge mess.....
Just was talking to my tax guy on Monday about it, as he was getting ready to do my real estate tax refund in August...


https://www.claconnect.com/resources/articles/2019/minnesota-income-tax-law-may-require-amending-of-2018-returns