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TAXES

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Minnesota is among a group of states that have not conformed their codes to a federal law exempting student loan debt forgiveness from taxes. Changing that has bipartisan backing, but any action will likely have to wait until January when lawmakers return to the capitol in St. Paul for the regular session.
While this prediction is preliminary, City Manager Jonathan Smith said, the tax levy could increase by 30%.
More than 872,000 Minnesotans already filed for 2020 property tax refunds, with over $792 million in refunds issued to date. The average refund is about $1,000 for homeowners and $700 for renters.
You can save hundreds of dollars by saving receipts and reporting your school expenses at tax time.
A DFL-backed tax proposal would provide day care write-offs, property tax cuts, and student loan credits, though it is a substantially smaller cut than a proposal approved by the Republican-controlled Senate in early April. But its sponsor said it seeks to provide relief to those who need it the most.
Wadena County, just like the whole state, is seeing values increase and it can be a little alarming to see on your property tax statement.

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The taxes paid for fuel, license fees, motor vehicle sales, and auto parts sales are collected in the Minnesota Highway Users Tax Distribution Fund to be dispersed to counties, townships, and cities.
Trump was the first president in 40 years not to release his tax returns as he aimed to keep secret the details of his wealth and the activities of his family company, the Trump Organization.
The Minnesota Supreme Court determined that Perham Hospital District properties should have been exempt from property taxes back to taxes payable 2015.

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