Legal Alert

Minnesota Extends Time to File and Pay 2019 Individual Income Tax

March 25, 2020

The Minnesota Department of Revenue announced on March 23, 2020 that, in line with the extended federal deadlines, Minnesotans now have until July 15, 2020 to file their Minnesota individual income tax returns and to make tax payments without penalties or interest (See news release here). This grace period does not include estimated tax payments for individual income taxes due April 15, 2020 for the 2020 tax year.

The due date for Minnesota business income tax returns will remain April 15. However, corporation income tax filers are automatically granted an extension to file their Minnesota return (but not to pay taxes) to the later of November 15, 2020, or the date of any federal extension. S corporations, partnerships, and fiduciaries receive an automatic extension to file their state return to the date of any federal extension to file.

The department also is granting a 30-day, interest-free, penalty-free, sales and use tax grace period for businesses required to suspend or reduce services under Executive Order 20-04. Businesses that owed a monthly sales and use tax payment due March 20, 2020, will have until April 20, 2020 to make their payment without penalties or interest.

We will continue to monitor Minnesota state tax developments. If you have questions, please contact a member of the Ballard Spahr LLP Tax Group.

Copyright © 2020 by Ballard Spahr LLP.
(No claim to original U.S. government material.)

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.

This alert is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.

Subscribe to Ballard Spahr Mailing Lists

Get the latest significant legal alerts, news, webinars, and insights that affect your industry.