Leave it to the government to continue to give us headaches. Recently, Governor Dayton signed into law some new changes that might affect your 2013 tax return.
I’m not going to comment today on whether these changes are good or bad, but rather, the timing. We are now coming down the home stretch for tax season, which is not the time to be adding to the confusion. Most people believe tax time has enough stress without any last-minute changes.
The following flow chart (pdf 200kb) is a good reference to see if any of the changes will affect your 2013 tax return. The flow chart below comes from the MN Dept. of Revenue website.
If you have additional questions, you should refer to your professional tax preparer or give us a call at Wolf Wealth Advisors Inc.