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tax reciprocity

tax reciprocity

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Minnesota, Wisconsin Close to Tax Reciprocity Deal

Revenue officials from Minnesota and Wisconsin have settled a key issue to reaching a tax reciprocity agreement. Separate studies by the two states find Wisconsin would owe Minnesota about $69 million to compensate for the tax revenue it would lose if residents who live in one state and work in the other file a single state income tax return.

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Minnesota Gets $59 Million Tax-Reciprocity Payment From Wisconsin

Wisconsin has settled an old tax-reciprocity debt owed to Minnesota. The Minnesota Department of Revenue said Tuesday that Minnesota has received a payment of $59.7 million from Wisconsin under the former reciprocity agreement between the two states.

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