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DFL leaders say roughly $450 million annually of new and expanded tax credits for families with children should cut the state's child poverty rate by one-third.
By MICHELLE GRIFFITH, Minnesota Reformer
The error would increase the amount of taxable income for the 2024 tax season, the Minnesota Department of Revenue says.
Minnesota lawmakers say a $352 million mistake in a recently passed tax bill shouldn’t affect residents, as long as they update the tax bill in the 2024 legislative session.
A drafting error resulted in outdated standard deduction rates making it into the law for the 2024 tax year