Minnesota

2023 Minnesota State Tax Deadlines

Minnesota Individual Income Tax Filing deadlines and extensions for 2023.

If you are a resident or have been involved in significant business operations within Minnesota then you might be required to file Minnesota State Taxes. We look at the most important tax deadlines and tax extensions for Minnesota in 2023.

C Corporation

Minnesota C Corporation Tax Deadlines for 2023

You must file & pay Corporate Income Taxes in Minnesota by April 16, 2024.

Applicable forms:
M4 - Corporation Franchise Tax Return

Extension to File Taxes in Minnesota for 2023

You must send payment for taxes in Minnesota for the fiscal year 2023 by April 16, 2024.

The Extension Deadline is September 16, 2024 to file your Minnesota income tax return.

Minnesota automatically grants 7 months extensions on filing corporate income tax returns. This means you do not need to file for an extension in Minnesota.

This is an extension to FILE, not an extension to PAY - payment is still due April 16, 2024.

Pass-Throughs

Minnesota S Corporation & Partnership Tax Deadlines for 2023

You must file in Minnesota by March 15, 2024.

Applicable forms:
M8 - S Corporation Return
M3 - Partnership Return

Extension to File S Corporation & Partnership Taxes in Minnesota for 2023

You must send payment for taxes in Minnesota for the fiscal year 2023 by March 15, 2024.

The Extension Deadline is September 16, 2024 to file your Minnesota income tax return.

Minnesota automatically grants 6 months extensions on filing corporate income tax returns. This means you do not need to file for an extension in Minnesota.

This is an extension to FILE, not an extension to PAY - payment is still due March 15, 2024.

Minnesota Individual Tax Deadlines for 2023

Estimated Tax Deadline for Minnesota 2023

Estimated tax payments should be made:

April 18, 2023
June 15, 2023
September 15, 2023
January 15, 2024

See Form M706 for the amount to pay with each voucher.

Individual Tax Deadline for Minnesota 2023

You must file & pay Individual Income Taxes in Minnesota by April 16, 2024.

Applicable forms:
Form M1 - Full Year Residents, Part-Year Residents & Nonresidents

Extension to File Taxes in Minnesota for 2023

You must send payment for taxes in Minnesota for the fiscal year 2023 by April 16, 2024.

The Extension Deadline is October 15, 2024 to file your Minnesota Individual Income tax return.Minnesota automatically grants 6 months extensions on filing personal income taxes. This means you do not need to file for an extension in Minnesota.

This is an extension to FILE, not an extension to PAY - payment is still due April 15, 2024.

Estates Tax Deadline for Minnesota 2023

Minnesota requires that you file the estate tax within 15 months of the death of the descendent.

Farmer and Fisherman Taxes for Minnesota 2023

If at least 2/3 of your gross income for the taxable year is derived from farming, you may pay estimated tax at any time on or before January 15, 2024. If you wait until January 15, 2024, you must pay the entire balance of the estimated tax. However, if farmers file their tax return on or before March 1, 2024, and pay the total tax at that time, they need not file estimated tax.

Sources

The material discussed on this page is meant for general illustration and/or informational purposes only and is not to be construed as investment, tax, or legal advice. You must exercise your own independent professional judgment, recognizing that advice should not be based on unreasonable factual or legal assumptions or unreasonably rely upon representations of the client or others. Further, any advice you provide in connection with tax return preparation must comply in full with the requirements of IRS Circular 230.

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2024 Minnesota State Tax Deadlines

2022 Minnesota State Tax Deadlines

Tax strategies to save every dollar you deserve

Instead helps you find every eligible tax strategy, from basic credits and deductions to complex scenarios, ensuring you maximize your savings.

Start today

Sell your home

Transform your home sale into a tax-saving opportunity.

QEAP

Skill up your team, scale down your business expenses.

Work opportunity tax credit

Unlock tax savings for empowering your community through hiring.

Oil & gas deduction

Drill into tax savings. Maximize deductions for both tangible and intangible drilling costs.

Hiring kids

Reduce taxable income & self-employment tax by hiring your kids.

Home office

Deduct qualified expenses for using your home for business purposes.

Meal expenses

Business can typically deduct 50% of meals associated with doing business with some cases allowing up to 100% deduction.

Travel expenses

Businesses can deduct necessary travel expenses, like airfare and lodging, directly related to operations for tax savings.

Vehicle expenses

Vehicle tax deduction allows deduction of business vehicle expenses, using a per-mile rate or actual costs, from taxable income.

Late S election

A Late S Election lets a corporation request IRS S corp status post-deadline.

Late C election

A Late C Election is a request to the IRS for C corporation status after the deadline.

Depreciation

Business can typically deduct 50% of meals associated with doing business with some cases allowing up to 100% deduction.

R&D tax credit

Fuel your venture's growth and innovation with the R&D tax credit. Not just for tech firms or big corporations.

Clean vehicle

Businesses and Individuals can receive a tax credit for purchasing new eco-friendly vehicles. Individuals may also qualify on used eco-friendly vehicles.

Residential clean energy

Taxpayers who invest in renewable energy improvements for their home or second home may qualify for a credit to lower their income tax.

Augusta rule

The Augusta Rule lets homeowners rent their property tax-free for up to 14 days a year without reporting the income.

Roth 401k

Roth 401(k) lets employees and individuals make after-tax retirement contributions, offering tax-free growth and withdrawals.

Traditional 401k

Traditional 401(k) plans offer pre-tax retirement savings for employees, with companies reducing taxable income via contributions.