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Interest Rate for Withholding Tax
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The 2022 interest rate is 3%.
If you pay Minnesota Withholding Tax late, the Minnesota Department of Revenue calculates interest from the regular due date. We also apply interest to any penalties we assessed on the unpaid tax.
This table shows current and past interest rates.
| Year | 2022 - 2021 | 2020 - 2019 | 2017 - 2018 | 2010 - 2016 |
|---|---|---|---|---|
| Interest Rate | 3% | 5% | 4% | 3% |
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