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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
Brief
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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Direct File could save Minnesotans time and money when filing income taxes
May 3, 2024 • Haleigh Sinclair
Federal Issues, Federal Taxes, Minnesota 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
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Joint state budget targets set for 2024 Legislative Session
April 3, 2024 • Haleigh Sinclair
Minnesota Budget, Minnesota Taxes
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
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Governor Walz’s supplemental budget proposal lays out his priorities
March 26, 2024 • Haleigh Sinclair
Minnesota Budget, Minnesota Taxes
Last week, Governor Tim Walz released his governor’s supplemental budget proposal. The administration described the priorities for his budget as… Continue reading Governor Walz’s supplemental budget proposal lays out his priorities
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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
Brief
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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Minnesota’s policy choices move it toward the top for tax fairness in 50-state study
January 9, 2024 • Nan Madden
Minnesota Taxes
In an era of income inequality and growing concentration of wealth, a new 50-state study analyzes whether state tax systems… Continue reading Minnesota’s policy choices move it toward the top for tax fairness in 50-state study
Brief
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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Minnesota should continue targeted approach to Social Security income tax exemption
April 17, 2023 • Nan Madden
Minnesota Taxes
In the debate about whether Minnesota should change its tax treatment of Social Security benefits, we’ve sought to draw attention… Continue reading Minnesota should continue targeted approach to Social Security income tax exemption
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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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Early agreement on state budget targets outline use of the surplus
March 23, 2023 • Clark Goldenrod
Minnesota Budget, Minnesota Taxes
On Tuesday, the Minnesota House and Senate leadership and Governor Tim Walz released joint budget targets that lay out their agreed-upon… Continue reading Early agreement on state budget targets outline use of the surplus
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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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Tax cuts from unlimited Social Security exemption skewed to higher-income Minnesotans
February 21, 2023 • Nan Madden
Minnesota Taxes
The path to a stronger, more equitable future includes strengthening public services so that all Minnesotans, their families, and communities… Continue reading Tax cuts from unlimited Social Security exemption skewed to higher-income Minnesotans
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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
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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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Income tax repeal would damage Minnesota’s quality of life, increase inequality
January 3, 2023 • Nan Madden
Minnesota Budget, Minnesota Taxes
All Minnesotans deserve to lead healthy and secure lives. But the path to a stronger, more equitable future for our… Continue reading Income tax repeal would damage Minnesota’s quality of life, increase inequality
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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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Minnesota Legislature passes bill on Unemployment Insurance Trust Fund, frontline worker payments
May 19, 2022 • Joo Ning Lim
Federal Budget, Federal Issues, Income and Inclusive Economy, Income and Work, Minnesota Budget, Minnesota Taxes
After months of negotiation, the Minnesota Legislature recently passed legislation that addressed three major issues of this session: Senate File… Continue reading Minnesota Legislature passes bill on Unemployment Insurance Trust Fund, frontline worker payments
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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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Costly first bracket income tax cut leaves out everyday Minnesotans
April 7, 2022 • Nan Madden
Minnesota Taxes
The path to a stronger, more equitable recovery is through strengthening public services so that all Minnesotans, their families, and… Continue reading Costly first bracket income tax cut leaves out everyday Minnesotans
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Walz’s updated budget proposal responds to larger state budget surplus
April 6, 2022 • Clark Goldenrod
Health Care, Minnesota Budget, Minnesota Taxes
Policymakers have a historic opportunity this year to tackle the ongoing health and economic effects of the pandemic, and make… Continue reading Walz’s updated budget proposal responds to larger state budget surplus
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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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Potential state surplus could trigger reserve and tax changes
November 29, 2021 • Clark Goldenrod
Minnesota Budget, Minnesota Budget Outlook, Minnesota Taxes
As leaves change, and the days get colder and shorter, we’re getting ready for our favorite forecast – the state’s… Continue reading Potential state surplus could trigger reserve and tax changes
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Minnesota’s new FY 2022-23 budget takes important steps toward the recovery, falls short of transformational change
August 24, 2021 • Clark Goldenrod
Child Care, Health Care, Income and Inclusive Economy, Minnesota Budget, Minnesota Taxes
State policymakers had a critical task this legislative session: setting a state budget for the next two years that meets… Continue reading Minnesota’s new FY 2022-23 budget takes important steps toward the recovery, falls short of transformational change
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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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Over 100 organizations ask state leaders to make bold investments and raise revenues
May 7, 2021 • Meghan Marriott
Minnesota Budget, Minnesota Taxes
As the end of the 2021 Legislative Session inches closer, over 100 organizations from around Minnesota have called on state… Continue reading Over 100 organizations ask state leaders to make bold investments and raise revenues
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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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Who receives the Renters’ Credit? (TY 2018)
March 1, 2021 • Nan Madden
Minnesota Taxes
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 2018)
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Walz’s proposed budget includes strong and fair revenues
January 27, 2021 • Clark Goldenrod
Minnesota Budget, Minnesota Taxes
Governor Tim Walz released what he called his “COVID-19 Recovery Budget” in the context of health, economic, and state revenue crises.
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October special session legislation includes first-time efforts for equity in bonding package
October 30, 2020 • Clark Goldenrod
Minnesota Budget, Minnesota Taxes
Minnesota policymakers passed a long-awaited infrastructure package when they convened on October 12 for their fifth special session of the… Continue reading October special session legislation includes first-time efforts for equity in bonding package
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Minnesota expecting continued revenue shortfalls; time for strong federal action
August 10, 2020 • Clark Goldenrod
Federal Issues, Minnesota Budget, Minnesota Budget Outlook, Minnesota Taxes
Last week brought us more sobering news about the ongoing damage that COVID-19 is expected to have on the economy,… Continue reading Minnesota expecting continued revenue shortfalls; time for strong federal action
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July economic update shows state will need all the tools in the toolbox
July 14, 2020 • Clark Goldenrod
Federal Issues, Minnesota Budget, Minnesota Budget Outlook, Minnesota Taxes
The state’s quarterly economic report shows that projections for the national economy have gotten even worse. While state revenues have come in a bit ahead of what was predicted in May, the state is still on track for a more than $2 billion budget shortfall for the current budget cycle.
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Bold action needed to get through crisis, build equitable recovery
May 1, 2020 • Nan Madden
Federal Budget, Federal Issues, Minnesota Budget, Minnesota Taxes
Minnesotans are doing their part. We must be able to count on Minnesota policymakers to continue to take aggressive action to meet the public health and economic security needs of everyday Minnesotans, and to draw on the resources needed to do so.
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What to wear when visiting the Capitol
March 3, 2020 • Denise Lor
Minnesota Budget, Minnesota Taxes
If you’re visiting the Minnesota State Capitol to attend a hearing or visit your elected representative, you might wonder what… Continue reading What to wear when visiting the Capitol
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Who receives the Renters’ Credit? (TY 2016)
February 28, 2020 • Nan Madden
Minnesota Taxes
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 2016)
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Who receives the Working Family Credit? (TY 2017)
February 28, 2020 • Nan Madden
Minnesota Taxes
The full version of this issue brief includes a table with data on the importance of the Working Family Credit to each… Continue reading Who receives the Working Family Credit? (TY 2017)
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The advocate’s fiscal toolbox
February 4, 2020 • Sabrina Leung
Minnesota Budget, Minnesota Taxes
Forecasts and economic updates Minnesota Management and Budget prepares economic forecasts of projected state revenues and expenditures in November and… Continue reading The advocate’s fiscal toolbox
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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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Global budget deal reached Sunday; more work needed to pass final budget
May 21, 2019 • Clark Goldenrod
Health Care, Minnesota Budget, Minnesota Taxes
On Sunday evening after weeks of negotiations, legislative leaders and Governor Tim Walz announced a global budget deal. This deal… Continue reading Global budget deal reached Sunday; more work needed to pass final budget
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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