MN | The Minnesota Department of Revenue has issued guidance for its Annual Withholding Tax Returns.
- The Minnesota annual withholding tax return is due January 31, 2021.
- The Minnesota withholding tax annual deposit is due January 31, 2021.
Exception: If Minnesota tax withheld exceeded $500 during the year, deposits were due the last day of the month following the month where withholding exceeded $500 (except December) Businesses must meet certain criteria and have preapproval from the Minnesota Department of Revenue to file and deposit Withholding Tax annually.
For details on filing and depositing requirements, see “Annual Filers” on page 9 in the Minnesota Income Tax Withholding Instructions.
Form W-2 Due Date:
2020 Forms W-2 are due to your employees and the Department of Revenue by January 31, 2021.
New for 2021: Beginning January 1, 2021, employee copies of W-2s may have masked Social Security Numbers (SSNs), showing only the last four numbers such as XXX-XX-9999. You must include employees’ full SSNs when sending us W-2s. We will reject submissions with masked SSNs and require you to resubmit them.
Form 1099 Due Date:
Form 1099 information for tax year 2020 is due to:
– Your payees on or before January 31, 2021.
– The Department of Revenue on or before January 31, 2021, if you withheld tax for payees
New for 2021: Beginning with tax year 2020, you will report nonemployee compensation on the new Form 1099-NEC, Nonemployee Compensation. Do not report this compensation on Form 1099-MISC. Send Forms 1099-NEC to the department if you withheld tax for payees.
Here are some resources for submitting W-2 and 1099 information:
- Withholding Fact Sheet 2, Submitting Form W-2 and W-2c Information
- Withholding Fact Sheet 2a, Submitting Form 1099 Information
- Withholding Tax File Formats
Did you know?
Employees must complete our updated 2021 Minnesota Form W-4MN, Minnesota Employee Allowance/Exemption Certificate, if they work for a new employer or change their federal Form W-4.
Employees Residing in Michigan or North Dakota
If you have employees who are residents of Michigan or North Dakota and do not want Minnesota tax withheld, they must provide you a 2021 Form MWR, Reciprocity Exemption/Affidavit of Residency. Mail completed Forms MWR to the address on the form.