Tax Conformity Bill Passed to Align with Federal Tax Code

Tax Conformity Bill Passed to Align with Federal Tax Code

January 17, 2023 News -- KRJB-KRJM-KKCQ 0

St. Paul, MN — The Minnesota Department of Revenue will open the state Individual Income Tax filing season on Monday, January 23, 2023. This date matches the opening day for the Internal Revenue Service (IRS).

Recently, a bill was signed into law that brings more of Minnesota’s tax code into conformity with the federal tax code. These changes impact 2022 forms and instructions as well as prior years. Revenue will update the impacted tax forms and instructions and work with certified tax software providers to get their products updated to reflect these changes. Minnesota Revenue Commissioner Paul Marquart says the tax code conformity bill was long overdue.

The updated forms and instructions and a list of certified tax software providers will be available on the Minnesota Department of Revenue website by January 23.

The filing deadline to submit 2022 Minnesota income tax returns is Tuesday, April 18, 2023. This date matches the filing deadline for 2022 federal income tax returns.

Tax software providers and tax professionals may be accepting and preparing tax returns before January 23 and will submit those returns when the IRS and state systems open.