The payment due dates for a tax return are determined by client type, the lodgment due date and when the return is lodged. Page 92 Employment Tax Due Dates DEPOSITS Use ()736, to make federal deposits at a qualified depository bank. If you qualify and want to file your returns annually, contact us. Managing Withholding Tax. In addition to the change in reporting due dates for W-2s and 1099s, the Withholding Instruction Booklet and Tax Tables also advanced the due date for annual filers of withholding tax. Depending on the volume of sales taxes you collect and the status of your sales tax account with Minnesota, you may be required to file sales tax returns on a monthly, semi-monthly, quarterly, semi-annual, or annual basis.. On this page we have compiled a calendar of all sales tax due dates for Minnesota, broken down by filing frequency. Return. The Minnesota quarterly withholding tax return is due October 31, 2020, for the third quarter (July – September 2020). Before the beginning of each calendar year, you must determine which of the two deposit schedules you are required to use. If you do not know your total tax due, you may estimate the amount and pay it by the due date. Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages. Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program, and flexible spending account - health care and dependent care deductions) from the amount computed in step 1. The due date for payments will not usually coincide with the due date for Form WHT-436, Quarterly Withholding Reconciliation. To avoid other penalties and interest, you must pay your tax by the due date. Allowable deductions and calculation of tax due from taxable sales are not delineated on the monthly/quarterly return. 08/20 Due Date. Annual summaries of Minnesota tax law changes enacted during each legislative session. Quarterly wage detail reports and payments must be received by the department on or before the due date. To qualify for annual filing, you must have a filing history of $500 or less of withholding in the prior calendar year. Estimated Tax Due Dates for Tax Year 2021. Minnesota Changes Withholding Tax Due Dates, Seasonal Employer Filing Requirements . beginning date end date beginning date end date beginning date end date Monthly Depositors - Deposit employment taxes by the 15th day of the following month. The IRS and Minnesota Revenue have been making announcements regarding extensions of filing deadlines and payment due dates in light of the COVID-19 outbreak. If you have requested a response, we will reply within three business days. Divide the annual Minnesota tax withholding calculated in step 6 by the number of pay dates in the tax year to obtain the biweekly Minnesota tax withholding. If we sent you a letter, please include the Letter ID number from the top right corner. 3rd Quarter (July 1 - September 30) October 31. Most employers must file their returns quarterly. December 2020 (monthly and quarterly) Due Date. If a due date falls on a weekend or legal holiday, your return or deposit is due on the next business day. Reporting Tax Withheld. COVID-19 Penalty Relief: You may ask us to cancel or reduce filing or payment penalties if you have a reasonable cause or are negatively affected by the COVID-19 pandemic. For more information, updates, and resources, see Our Response to COVID-19. Withholding Tax and MO W-4. Most people must file their 2020 Minnesota tax return by April 15, 2021. If we can help you over the phone, please include your phone number. Quarterly Return and Deposit Due Dates. Do not send an incomplete return. Deposits were due according to your semiweekly or monthly deposit schedule. The IRS has provided an automatic extension to July 15, 2020, for any individual taxpayer with a Federal income tax return or tax payment due on April 15, 2020. Your due dates depend on how much tax you withheld and when the IRS requires you to deposit. COVID-19 Penalty Relief: You may ask us to cancel or reduce filing or payment penalties if you have a reasonable cause or are negatively affected by the COVID-19 pandemic. Debbie Gellatly, EA Country Tax Service, LLC Phone: (218) 879-2910 Fax: (218) 879-9281 Email: debbie@countrytaxesko.com More Information If a due date falls on a weekend or legal holiday, your return or deposit is due on the next business day. Policy statements that provide added interpretation, details, or information about Minnesota tax laws or rules. How to File. Due dates are the last day of the month following the end of the calendar quarter. For details, see Withholding for Seasonal Businesses. If estimated payments and withholding do not equal at least 90 percent of the tax due, or 100 percent of liability for the preceding tax year (110 percent if adjusted gross income exceeds $150,000), the taxpayer is subject to an additional tax charge. Return. field_block:node:page:field_paragraph Withholding is the money an employer withholds from each employee's wages to help prepay the state income tax of the employee. You may qualify for seasonal filing and depositing. You may ask us to cancel or reduce penalties and interest for late filing or payment if you have a reasonable cause or are negatively affected by the COVID-19 pandemic. As with tax payments, any return due date that falls on a weekend or holiday is extended to the next business day. December 14, 2018 By Workful Team. For more information, see Minnesota Statute 270C.395. If you have requested a response, we will reply within three business days. For more information, updates, and resources, see Our Response to COVID-19. Currently, fourth quarter returns are due on February 28. When are my withholding tax deposits due? For details, see Penalty Abatement for Individuals. Administrative rules adopted by the Department of Revenue to administer Minnesota tax laws. Online Filing All taxpayers may file returns and pay tax due for Withholding Tax using myVTax, our free, secure, online filing site. A withholding tax return must be filed for every filing period. In general, you must deposit federal income tax withheld, and both the employer and employee social security and Medicare taxes.There are two deposit schedules, monthly and semi-weekly. If we can help you over the phone, please include your phone number. April 30, July 31, Oct. 31, and Jan. 31. The Minnesota Department of Revenue must receive your return electronically – or it must be delivered or postmarked – by that date. 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