MN Surplus Expected To Top $1B, Possible Tax Cuts in ’16

December 11, 2015December 15, 2015 phil

As a sign that Minnesota’s economy continues to improve, lawmakers will find out this week about a state budget surplus that’s expected to top $1 billion.

Gov. Mark Dayton is ready to resurrect a plan to expand child care tax credits, and working family tax credits. Those credits can also mean tax refunds for low income working Minnesotans. (more…)

The Surprising Relationship Between Taxes and Charitable Giving

December 11, 2015May 25, 2018 phil

When it comes to charitable giving, it’s well known that taxes matter. The promise of a big deduction is a great way to get people to open their checkbooks. (more…)

6 Ways Cut Your Taxes, as Long as You Act Soon

December 11, 2015May 25, 2018 phil

You have 16 days to lower your tax bill.

While the filing deadline for income tax returns is April 15, 2016, many opportunities to cut your 2015 tax bill nearly disappear after Dec. 31, warns Troy Lewis, a CPA and manager of the tax consulting firm Lewis & Associates in Draper, Utah. (more…)

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