A strong, ongoing Direct File platform would have provided everyday folks with another option for filing their income taxes that… Continue reading Trump administration plans to end Direct File, removing a vital option to save time and money when filing taxes
Author: Haleigh Sinclair
Research Analyst,
Minnesota Budget Project
Federal reconciliation bill’s Child Tax Credit expansion excludes the families that need it most
The federal Child Tax Credit (CTC) is an income tax credit that provides families with more resources to afford the… Continue reading Federal reconciliation bill’s Child Tax Credit expansion excludes the families that need it most
Struggling Americans would be harmed by federal budget and tariff policies, while high-income people receive big tax cuts
The U.S. House and Senate have passed budget resolutions that outline plans for deep cuts to services that families rely… Continue reading Struggling Americans would be harmed by federal budget and tariff policies, while high-income people receive big tax cuts
Federal budget resolution paves way for deep cuts to the safety net, tax cuts skewed toward the wealthy
In Washington, D.C., the House and Senate have passed budget frameworks that demonstrate they are moving forward with plans to… Continue reading Federal budget resolution paves way for deep cuts to the safety net, tax cuts skewed toward the wealthy
Undocumented immigrants contribute $222 million in Minnesota taxes
From Albert Lea to Zumbrota, our state thrives because all Minnesotans — regardless of immigration status — are contributing to… Continue reading Undocumented immigrants contribute $222 million in Minnesota taxes
State’s October economic update shows higher revenue collections, stronger near-term economic growth
The latest state economic update contains several pieces of good news. Recent state revenues are stronger than anticipated and Minnesota… Continue reading State’s October economic update shows higher revenue collections, stronger near-term economic growth
July economic update shows little change in Minnesota revenues, national economic projections
Minnesota ended the fiscal year with revenues a bit above prior projections. The national economic picture remains consistent with previous forecasts, according to the July Revenue and Economic Update from Minnesota Management and Budget. Here are our top takeaways.
Direct File could save Minnesotans time and money when filing income taxes
Direct File would provide Minnesotans another option for filing their income taxes that would be easier and could save time… Continue reading Direct File could save Minnesotans time and money when filing income taxes
Latest economic report shows Minnesota revenues coming in above forecast
Minnesota’s revenues are up, and the near-term national economic outlook is slightly improved compared to the February forecast, according to… Continue reading Latest economic report shows Minnesota revenues coming in above forecast
Joint state budget targets set for 2024 Legislative Session
Governor Tim Walz reached an agreement with House Speaker Melissa Hortman and Senate Majority Leader Erin Murphy on budget targets… Continue reading Joint state budget targets set for 2024 Legislative Session