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Undocumented immigrants contribute $222 million in Minnesota taxes
October 22, 2024 • Haleigh Sinclair
Federal Taxes, Immigration, Minnesota Taxes, Tax Credits for Minnesotans and Families
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
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2024 Legislature passes improvements in Child Tax Credit, tax-filing process
May 28, 2024 • Nan Madden
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
The Minnesota Legislature passed some investments in Minnesota families’ economic well-being and improving their tax-filing experience in this year’s final… Continue reading 2024 Legislature passes improvements in Child Tax Credit, tax-filing process
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Child Tax Credit and tax-filing improvements in play in final 2024 tax negotiations
May 13, 2024 • Nan Madden
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
Minnesota policymakers could be less than two weeks away from enacting into law innovations and improvements in the Child Tax… Continue reading Child Tax Credit and tax-filing improvements in play in final 2024 tax negotiations
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Advance periodic payments would make the Minnesota Child Tax Credit fit even better into family budgets
May 7, 2024 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
In 2023, Minnesota passed a nation-leading Child Tax Credit (CTC). About one-third of Minnesota families with children are expected to… Continue reading Advance periodic payments would make the Minnesota Child Tax Credit fit even better into family budgets
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Minnesota Child Tax Credit strengthens families and reduces child poverty
March 26, 2024 • Kelven Kai Manuel
Minnesota Taxes, Tax Credits for Minnesotans and Families
Minnesota’s new Child Tax Credit (CTC) will help families achieve their goals and invest in a better future for themselves… Continue reading Minnesota Child Tax Credit strengthens families and reduces child poverty
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Who receives the Child and Dependent Care Tax Credit?
January 22, 2024 • Jessie Luévano
Child Care, Minnesota Taxes, Tax Credits for Minnesotans and Families
The full version of this issue brief includes a table with data specific to each Minnesota county and the state as… Continue reading Who receives the Child and Dependent Care Tax Credit?
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Who receives the Renters’ Credit?
January 4, 2024 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
The full version of this issue brief includes a table of data on the impact of the Renters’ Credit in each Minnesota… Continue reading Who receives the Renters’ Credit?
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Who receives the Working Family Credit?
January 3, 2024 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
The full version of this issue brief includes a table with data on the importance of the Working Family Credit… Continue reading Who receives the Working Family Credit?
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2023 tax conference committee weighs similarities, differences in House, Senate, Walz tax plans
May 12, 2023 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
This year, policymakers are considering transformational changes and long-overdue investments to make Minnesota a state where all can thrive. That… Continue reading 2023 tax conference committee weighs similarities, differences in House, Senate, Walz tax plans
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A Minnesota Child Tax Credit would unleash the power of the tax code to fight child poverty
May 9, 2023 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
Poverty is not inevitable – instead, through smart, high-impact policy choices, we can make Minnesota a place where every child… Continue reading A Minnesota Child Tax Credit would unleash the power of the tax code to fight child poverty
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House Property Tax Division bill includes transformational changes to the Renters’ Credit
March 29, 2023 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
One of the highlights of last year’s tax discussion is moving forward again this session: a game-changing proposal to simplify… Continue reading House Property Tax Division bill includes transformational changes to the Renters’ Credit
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Who Receives the Renters’ Credit? (TY 2019)
February 24, 2023 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
The full version of this issue brief includes a table of data on the impact of the Renters’ Credit in each Minnesota… Continue reading Who Receives the Renters’ Credit? (TY 2019)
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Governor Walz releases FY 2024-25 budget priorities
February 1, 2023 • Clark Goldenrod
Child Care, Health Care, Immigration, Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
The Walz administration’s recently released budget proposal names as their priorities making Minnesota the best state for children, investing in… Continue reading Governor Walz releases FY 2024-25 budget priorities
Brief
Who receives the Working Family Credit? (TY 2019)
January 31, 2023 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
The full version of this issue brief includes a table with data on the importance of the Working Family Credit… Continue reading Who receives the Working Family Credit? (TY 2019)
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Child poverty declines sharply thanks to federal Child Tax Credit expansion
January 25, 2023 • Jessie Luévano
Federal Issues, Federal Taxes, Minnesota Taxes, Tax Credits for Minnesotans and Families
The improvements that policymakers made to the federal Child Tax Credit (CTC) was one of the contributing factors to a… Continue reading Child poverty declines sharply thanks to federal Child Tax Credit expansion
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A closer look at the 2022 tax agreement
June 2, 2022 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
Minnesota’s 2022 Legislative Session ended on May 23 with much unfinished business, including a tax agreement reached by the House and Senate conference committee that was not enacted into law. This agreement reflected the two different philosophies that the Republican majority in the Minnesota Senate and the Democratic majority in the Minnesota House brought into those negotiations.
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What passed, what’s unfinished business after end of 2022 Legislative Session
May 27, 2022 • Clark Goldenrod
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
On Monday, the 2022 Legislative Session officially ended, but what did policymakers actually pass into law? With a historic projected… Continue reading What passed, what’s unfinished business after end of 2022 Legislative Session
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A quick look at the global budget agreement
May 19, 2022 • Clark Goldenrod
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
Governor Tim Walz and legislative leaders announced targets on Wednesday for how they propose to allocate the remainder of the… Continue reading A quick look at the global budget agreement
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House tax bill includes transformational changes to the Renters’ Credit
April 21, 2022 • Joo Ning Lim
Minnesota Taxes, Tax Credits for Minnesotans and Families
The Minnesota House has proposed revolutionary changes to simplify the Renters’ Credit and significantly expand the number of low- and… Continue reading House tax bill includes transformational changes to the Renters’ Credit
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Minnesota House and Senate lay out their budget and tax priorities
April 14, 2022 • Clark Goldenrod
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
After we published this blog, the House released their budget targets. For updated House figures, check out Minnesota House releases… Continue reading Minnesota House and Senate lay out their budget and tax priorities
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A first look at Governor Walz’s supplemental budget proposal
February 2, 2022 • Clark Goldenrod
Child Care, Health Care, Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
The state of Minnesota has resources to draw on to start building a more equitable future, focusing on what Minnesotans… Continue reading A first look at Governor Walz’s supplemental budget proposal
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A first look at Governor Walz’s budget proposal on expanding economic opportunity
January 21, 2022 • Clark Goldenrod
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
The state of Minnesota is projecting an historic $7.7 billion surplus for the current FY 2022-2023 budget cycle. This presents… Continue reading A first look at Governor Walz’s budget proposal on expanding economic opportunity
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Child Tax Credit expansions expected to make historic reductions in child poverty; Improvements should be made permanent
August 25, 2021 • Abimael Chavez-Hernandez
Federal Issues, Federal Taxes, Income and Inclusive Economy, Tax Credits for Minnesotans and Families
What is the Child Tax Credit? Enacted into law in 1997, the federal Child Tax Credit (CTC) is an income… Continue reading Child Tax Credit expansions expected to make historic reductions in child poverty; Improvements should be made permanent
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Racial opportunity gaps persist despite prosperity for some
June 7, 2021 • Abimael Chavez-Hernandez
Minnesota Taxes, Tax Credits for Minnesotans and Families
A national study finds that Minnesota is one of the worst states for racial disparities in economic security and opportunities… Continue reading Racial opportunity gaps persist despite prosperity for some
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Walz’s supplemental budget calls for resources for greater investments
April 15, 2021 • Clark Goldenrod
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
We have called on policymakers to take bold action to respond to the health, economic, and racial justice crises before… Continue reading Walz’s supplemental budget calls for resources for greater investments
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Final tax plan boosts tax credits for working Minnesotans, but falls short on future stability
June 24, 2019 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
The 2019 tax bill agreed to by Governor Tim Walz and the Minnesota Legislature in the recently completed special legislative session includes both important hits and worrisome misses.
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All tax plans on the table raise revenues: the difference is how much and who benefits
May 17, 2019 • Nan Madden
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
The negotiations to reach a budget deal this session have at times been characterized as a debate between raising taxes… Continue reading All tax plans on the table raise revenues: the difference is how much and who benefits
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Walz tax plan expands Working Family Credit, funds investments in schools and communities
April 8, 2019 • Nan Madden
Health Care, Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
Narrowly defined, the primary responsibility for policymakers this legislative session is to pass the state’s next two-year budget. But more… Continue reading Walz tax plan expands Working Family Credit, funds investments in schools and communities
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Prioritize Minnesota workers and their families by expanding the Working Family Credit
April 1, 2019 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
Every day, hard-working Minnesota families struggle to make ends meet, often spending every dollar they earn to pay for the… Continue reading Prioritize Minnesota workers and their families by expanding the Working Family Credit
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Who receives the Renters’ Credit? (TY 2015)
March 1, 2018 • Minnesota Budget Project
Minnesota Taxes, Tax Credits for Minnesotans and Families
Like all Minnesotans, Minnesota’s renters want safe, affordable homes for themselves and their families. But some Minnesotans earning low wages… Continue reading Who receives the Renters’ Credit? (TY 2015)
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Who receives the Working Family Credit? (TY 2015)
March 1, 2018 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
Minnesota’s Working Family Tax Credit encourages and supports work, makes the tax system more equitable, and helps working people across… Continue reading Who receives the Working Family Credit? (TY 2015)
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Prioritize working families by strengthening the Working Family Credit
January 1, 2017 • Minnesota Budget Project
Minnesota Taxes, Tax Credits for Minnesotans and Families
Every day, hard-working Minnesota families struggle to make ends meet, often spending every dollar they earn to pay for the… Continue reading Prioritize working families by strengthening the Working Family Credit
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Minnesota should improve the Working Family Credit in 2014
March 1, 2014 • Minnesota Budget Project
Minnesota Taxes, Tax Credits for Minnesotans and Families
The Working Family Credit is Good for Families and Minnesota’s Economy Why We Should Improve the Working Family Credit This… Continue reading Minnesota should improve the Working Family Credit in 2014
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2013 tax bill improves property tax refunds for renters and homeowners
July 1, 2013 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
A high priority in the 2013 Legislative Session was to shrink the growing gap between the share of income that… Continue reading 2013 tax bill improves property tax refunds for renters and homeowners
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No further cuts to renters’ property tax refunds made in 2012 Legislative Session
May 1, 2012 • Minnesota Budget Project
Minnesota Taxes, Tax Credits for Minnesotans and Families
The Renters’ Credit refunds a portion of the property taxes that renters pay through their rents. It is an important… Continue reading No further cuts to renters’ property tax refunds made in 2012 Legislative Session
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2012 House tax bill would severely cut renters’ property tax refunds
April 1, 2012 • Minnesota Budget Project
Minnesota Taxes, Tax Credits for Minnesotans and Families
The Renters’ Credit refunds a portion of the property taxes that renters pay through their rents. This year, 315,000 low-… Continue reading 2012 House tax bill would severely cut renters’ property tax refunds
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2010 Renters’ Credit cuts felt across Minnesota
February 1, 2012 • Minnesota Budget Project
Minnesota Taxes, Tax Credits for Minnesotans and Families
The Renters’ Credit, formally called the Property Tax Refund or PTR, is a state property tax refund for low- and… Continue reading 2010 Renters’ Credit cuts felt across Minnesota
Brief
2011 budget decisions will undermine current recovery and hurt state’s long-term economic success
August 1, 2011 • Minnesota Budget Project
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
Budget Cuts Will Undermine Minnesota’s Recovery From the Recession After a long legislative session, a nearly three-week state government shutdown… Continue reading 2011 budget decisions will undermine current recovery and hurt state’s long-term economic success
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Renters’ Credit maintained in 2011, cut in 2012
August 1, 2011 • Minnesota Budget Project
Minnesota Taxes, Tax Credits for Minnesotans and Families
The Renters’ Credit provides a property tax refund for more than 300,000 low- and moderate-income Minnesota households, more than one-quarter… Continue reading Renters’ Credit maintained in 2011, cut in 2012
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A tale of two visions: Comparing Governor Dayton’s and the Legislature’s FY 2012-13 budgets
June 1, 2011 • Minnesota Budget Project
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
Governor Dayton’s Budget Presents Balanced Approach, Legislature Focuses on Cuts The challenge before Minnesota policymakers is to shore up the… Continue reading A tale of two visions: Comparing Governor Dayton’s and the Legislature’s FY 2012-13 budgets
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Revenue-raising options to help close Minnesota’s FY 2012-13 budget deficit
May 1, 2011 • Minnesota Budget Project
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
Minnesota faces a long, slow economic recovery, large state deficits and some very tough choices. Taking a balanced approach, including… Continue reading Revenue-raising options to help close Minnesota’s FY 2012-13 budget deficit
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Governor Dayton presents a balanced approach to the state’s FY 2012-13 deficit
April 1, 2011 • Minnesota Budget Project
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
Governor Dayton’s Budget Relies on Revenue Increases and Spending Cuts On February 15, Governor Dayton released his proposal for resolving… Continue reading Governor Dayton presents a balanced approach to the state’s FY 2012-13 deficit
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Few small business owners would be impacted by the 2010 Legislature’s income tax increase on high-income households
September 1, 2010 • Minnesota Budget Project
Minnesota Taxes, Tax Credits for Minnesotans and Families
No business or individual alone can provide for an educated workforce or safe roads and bridges. Taxes pay for these… Continue reading Few small business owners would be impacted by the 2010 Legislature’s income tax increase on high-income households
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2010 cuts to the Renters’ Credit hurt those already hurt by tough economy
September 1, 2010 • Minnesota Budget Project
Minnesota Taxes, Tax Credits for Minnesotans and Families
The Renters’ Credit provides a property tax refund for over 300,000 low- and moderate-income Minnesota households, more than one-quarter of… Continue reading 2010 cuts to the Renters’ Credit hurt those already hurt by tough economy
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2010 Legislative Session closes with many opportunities lost
June 1, 2010 • Minnesota Budget Project
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
Uncertainty, Conflict Fill Last Days of 2010 Session Minnesota policymakers faced challenges during the 2010 Legislative Session, including a $1… Continue reading 2010 Legislative Session closes with many opportunities lost
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What is the Renters’ Credit/Circuit Breaker property tax refund?
March 1, 2009 • Minnesota Budget Project
Minnesota Taxes, Tax Credits for Minnesotans and Families
Minnesota’s property taxes are regressive, which means low- and middle-income Minnesotans pay a larger share of their income in property… Continue reading What is the Renters’ Credit/Circuit Breaker property tax refund?
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Round one: Governor’s initial budget proposal focuses on spending cuts and one-time measures
February 1, 2009 • Minnesota Budget Project
Child Care, Health Care, Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
The Budget Debate Begins The 2009 budget discussion began when Governor Pawlenty released his budget proposal in late January. The… Continue reading Round one: Governor’s initial budget proposal focuses on spending cuts and one-time measures
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The FY 2006-07 budget: Impact on working families and individuals
August 1, 2005 • Minnesota Budget Project
Child Care, Health Care, Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
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The FY 2006-07 budget: Impact on populations with unique needs
July 1, 2005 • Minnesota Budget Project
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
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‘High tax’ state is only average
December 1, 2004 • Minnesota Budget Project
Minnesota Taxes, Tax Credits for Minnesotans and Families