It recently mailed 1.2 million Individual Income Tax Forms and Instructions. Most Minnesotans should receive their state forms and instructions in the mail this week, if they haven't already. Revenue Commissioner Matt Smith encourages citizens to read the instruction booklet carefully. Among other changes, tax rates have been reduced and the Working Family Credit has increased. Electronic filing and Direct Deposit are fast, easy, convenient The Minnesota Department of Revenue urges Minnesotans to file electronically and to use direct deposit for their income tax refunds.
Electronic filing offers convenience and accuracy.
People who file their income tax returns electronically are less likely to submit returns containing errors because the computer calculates all of the figures automatically. Also, when taxpayers file electronically, the time that it takes to receive a refund is shortened significantly. Electronic filers can expect their refund within 15 business days - even sooner when they have their refunds deposited directly into their bank accounts. Tax practitioners who filed more than 500 returns last year are mandated by the state to file all returns electronically this year. However, taxpayers may sign a waiver that allows their tax preparers to file on standard paper forms.