In following with the IRS, the Minnesota Department of Revenue has announced a grace period for taxpayers filing their annual Minnesota Individual Income Tax return for tax year 2020. Those taxpayers now have until May 17, 2021, to file and make their payments without any penalty or interest.
“This grace period for the individual tax filing and payment deadline provides timely relief to Minnesota families,” said Governor Tim Walz. “As we work to get through the COVID-19 pandemic together, my Administration will do everything we can to ease the burden on Minnesotans.”
Minnesota is allowing additional time for making 2020 state individual income tax filings and payments to May 17, 2021, without any penalty and interest being applied.
This grace period does not include individual estimated tax payments, which are still due April 15, 2021.
Like the IRS extension, the Minnesota Department of Revenue is only extending 2020 individual tax returns and payments to May 17.
MN Revenue and SDK encourages clients to not delay the processing of returns, noting the sooner the filing, the sooner the department can review and process a return.