Eligible Taxpayers Should Wait Until April 3 to File with New Tax Law

Updated: 03/27/2014 7:14 PM
Created: 03/27/2014 7:11 PM
By: Cassie Hart

New tax cuts mean new refunds for millions of Minnesotans, which could total $49 million.

The Minnesota Department of Revenue has a lot to do to get the money into the right hands.

On Thursday, the department of revenue gave an update and answered a number of questions. The big take away is, if you haven't filed yet and would benefit from the tax bill then wait until April 3 to file.

"The reason why is because the forms and instructions will be completed by then and they'll be able to file and accurate return with the new law changes, which means they'll get their refunds quicker," said Terri Steenblock, assistant commissioner for individual taxes.

Some people who would benefit from the tax bill include teachers, college students, some married couples, and working families who make up to $47,000.

For people who have already filed, and should have gotten a little more money back because of the tax bill, the state wants you to know that you will get that money back.

“Our third priority was, after our forms and instructions were in place we would go in and review the returns that have already been filed and would make adjustments to those,” Steenblock said.

Deadline to file income taxes is still April 15.

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