Interest Rate for Withholding Tax


The 2020 interest rate is 5%.

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 the interest rates for the last 10 years.

Year 2020 2019 2017 - 2018 2010 - 2016
  Interest Rate 5% 5% 4% 3%

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