ST. PAUL, Minn. – The first legislation of 2024 has cleared the Minnesota Legislature and been signed by Governor Tim Walz. The bill corrects an error from last year when the tax law erroneously used 2019 as the base year to calculate the 2025 standard deduction for personal income taxes. The base should have been 2024. The error could have cost taxpayers $350 million. The technical tax fix passed both chambers with bipartisan support.
