Minnesota DOR Releases Income Tax Fact Sheet for Nonresidents

The Minnesota Department of Revenue (DOR) Dec. 23, 2024, released an Income Tax Fact Sheet providing guidance for nonresidents on filing requirements and taxable income in the state. The document outlines the criteria for being considered a nonresident, types of income subject to Minnesota tax, eligibility for state tax credits, and the need to pay estimated taxes if certain thresholds are met. It also mentions the effective date of 2024 for certain income reporting requirements related to partnerships and S corporations. [Minn. Dep’t of Revenue, Income Tax Fact Sheet No. 3, 12/23/24]

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