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Last Updated: 12/29/2016

Penalty and Interest Rates

​The Minnesota Department of Revenue may assess penalties and interest if you're late filing your return, paying your tax, or making quarterly estimated payments.

The table below shows the penalties and interest we may assess, when they apply, and the rate or amount for each type.

​If you:

​We'll assess:

​The rate or amount will be:

​don't pay your tax due by the due date ​a Late Payment penalty ​5% of any unpaid tax for each 30-day period (full or partial) that your payment is late, up to 15%
​don't file your return by the due date ​a Late Filing penalty ​5% of any unpaid tax
​are required to make electronic payments but paid by check ​a Payment Method penalty ​5% of any payments that weren't made electronically
​don't pay your tax due by the due date ​​Interest (see interest rates below) ​for 2017, 4% of the unpaid tax and penalty from the return due date until the tax is paid
​​underpaid your quarterly estimated payments ​Additional Charge for Underpaying Estimated Tax (see interest rates below) ​for 2017, 4% of the underpaid estimates1

Interest Rates

​Year ​Rate
​2017 4%​
​2016 ​3%​
​2015 ​3%​
​2014 ​3%​
​2013 ​3%​

1To avoid an additional charge, each quarterly estimated payment must be on time and equal to at least:

  • 20% of your total tax for the current year, or
  • 25% of your total tax liability from the previous year.