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Withholding and Your Income Tax ReturnMinnesota Department of Revenue 2022-2025

M1w 2022-2025 Form

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welcome to chapter one of our series understanding Minnesota withholding tax in this installment we'll delve into the basics of Minnesota withholding tax what it is why it's important and how it impacts both employers and employees so let's get started first things first what exactly is Minnesota withholding tax well simply put it's a tax that employers in Minnesota are required to withhold from their employees wages or salaries this withheld amount is then remitted to the Minnesota Department of Revenue on behalf of the employees for employers withholding tax involves deducting a certain percentage of an employees pay and sending it to the state government this ensures that employees are paying their state income taxes throughout the year rather than having to come up with a lumpsum at tax time now you might be wondering why is withholding tax necessary well it's all about ensuring that the state government has a steady stream of Revenue to fund

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