The new law passed on March 11, 2021 changed the amount of tax you owe on unemployment benefits. Unemployment benefits are taxed. BUT, the new law says the first $10,200 in unemployment benefits you got are tax free, if your income for 2020 was less than $150,000. This means if you got $15,000 in unemployment benefits, you need to pay tax on $4,800 of that money. If you are married and file your taxes jointly, and both of you got unemployment benefits then $20,400 is tax free ($10,200 for each person getting the unemployment benefits).
The new law increased the amount of the child tax credit to $3,600 for each child under 6 years old and to $3,000 for each child between 6 and 17 years old. Families will get monthly payments from July to December of 2021. The other half of the money will be paid through tax refund on 2021 taxes.
Property taxes in Minnesota are usually due twice a year, on May 15 and October 15. They are paid to the county where your property is.
There is no change to your property tax due date or amount if your taxes are paid by an escrow with your mortgage payment. If you need help with your mortgage payments, see our COVID-19 Mortgage and Foreclosure information.