The Minnesota Department of Revenue Jan. 1 issued the 2022 state individual income and corporate income tax withholding instruction booklet and tax tables, effective Jan. 1. The 2022 interest rate is 3 percent. Beginning in 2020, federal Form W-4 will no longer compute allowances for determining the withholding tax; an employee must complete Form W-4MN with Form W-4 to determine the tax. If employees don’t complete Form W-4MN, they must withhold tax at the single filing status with zero allowances. The publication also includes information on: 1) withholding requirements; 2) forms for the withholding tax; 3) methods to determine the .
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