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Tax reciprocity agreement with Minnesota could be off

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tax preparation
tax preparation

MADISON, WI (WTAQ) - Wisconsin state revenue officials say Minnesota’s demand to be paid as much as $15 million for lost revenue is unreasonable.

It is starting to look like the reciprocal tax deal with the neighboring state is probably off for next year.

No additional negotiations are expected before next week.

The lack of agreement means residents who live in one state and work in the other will have to file income tax returns in both states.

About 60,000 Wisconsin residents work in Minnesota. Another 20,000 Minnesota residents work in this state. 

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