Minnesota Tax Extension: Your Complete Guide for 2024
Your Takeaways:
Running out of time to file your Minnesota state taxes?
Don't worry.
Minnesota has a simple extension process that gives you more time. But an extension to file doesn't mean an extension to pay.
Here's everything you need to know about getting a Minnesota tax extension, with deadlines, credits, and deductions.
What is a Minnesota State Tax Extension?
An extension gives you more time to file your state tax return, which is helpful if you still need to gather paperwork. Minnesota offers a 6-month automatic extension for personal income tax returns. But remember, taxes owed must still be paid by the original due date, April 15. If not paid by this date, penalties and interest will apply.
Facts:
Minnesota Extension Deadlines
When is the Extension Deadline?
The extension deadline in Minnesota is the same as the federal deadline, April 15. If you file for a federal extension, you get an automatic 6-month extension in Minnesota. So, you have until October 15 to file.
Do I Need to File a Separate Minnesota Tax Extension?
No, Minnesota accepts the federal tax extension (IRS Form 4868). If you filed a federal extension and paid at least 90% of your state tax liability by the original due date, you do not need to file any additional forms for the state.
New Deadlines After Filing a Minnesota Tax Extension
Once you've filed for an extension, your new deadline to file your Minnesota tax return will be October 15. However, remember that any payment due for the state taxes is still required by April 15, regardless of the extension.
How to Request an Extension in Minnesota
Filing a Minnesota Tax Extension
Since Minnesota follows federal guidelines, requesting an extension for state taxes is simple. You do not need to file a separate state extension form if you have already filed for a federal extension. Ensure that your IRS Form 4868 is filed, and pay at least 90% of your Minnesota tax liability by the original deadline to avoid penalties.
Steps to Pay Minnesota State Taxes by the Deadline
2025 Minnesota Deductions and Credits
Deductions to Save You Money
Minnesota has several deductions that can save you money. Here are the top ones for 2025:
By filing an extension, you'll have more time to gather the documentation for these deductions and potentially save hundreds or thousands of dollars.
Credits to Reduce Your Tax Bill
Unlike deductions, credits reduce the amount of tax you owe. Here are the top credits for Minnesota in 2025:
File an extension to make sure you qualify for these credits.
Let us Help!
Filing an extension and getting it right can be a headache, but you don't have to do it alone. Whether you need help with federal or state extensions, our team is here to help. Work with our tax pros today to file your taxes correctly and on time. Click here!
FAQs
Do I have to pay my Minnesota taxes when I file an extension?
Yes, you must pay at least 90% of your taxes by April 15 to avoid penalties and interest. The extension is only for filing, not for paying.
Who can file an extension in Minnesota?
Anyone who needs more time to file can request an extension. Minnesota automatically grants a state extension if you file a federal extension.
What are the late filing penalties?
If you file late without an extension, Minnesota charges 5% per month (or part of a month) on the unpaid balance up to 25%. There is a $100 minimum penalty for late filing.
What happens if I pay my Minnesota taxes late?
Late payments are 5% of the unpaid balance, and interest is 3% above the prime rate, compounded annually.
Bottom Line
Filing an extension in Minnesota is easy since Minnesota will automatically grant you an extension if you file a federal extension.
Keep in mind that the extension gives you more time to file, but you must pay by April 15 to avoid penalties and interest.
Using deductions and credits like the Working Family Credit and Medical Insurance Contributions will reduce your tax bill.
An extension is a good idea if you need more time to gather documents.
You don't have to do it alone when it comes to extensions, both state and federal.
Work with our pros to get your taxes filed correctly and on time.
Need Help? Get Started! Feeling lost? Contact IRS Extension today.
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