COVID-19 business toolkit
This toolkit will continue to be updated as new information and resources become available. Please continue to check back for updates.
From the Minnesota Department of Revenue (July 19, 2021):
The Minnesota Department of Revenue updated 2020 Minnesota tax forms and instructions to reflect state law changes enacted on July 1, 2021.
The changes relate to unemployment compensation, Paycheck Protection Program (PPP) loan forgiveness, and other retroactive provisions affecting tax years 2017 to 2020.
When filing or amending a Minnesota return, be sure to use the most current forms or update your tax software. The Minnesota Department of Revenue will not accept 2020 returns using older forms after August 2, 2021.
Tax Year 2020
If you filed a 2020 income tax return that included unemployment compensation or PPP loan forgiveness, the Minnesota Department of Revenue will either adjust the return or ask you to amend it.
- If the Minnesota Department of Revenue can adjust your return: The Minnesota Department of Revenue will send you a letter describing what they changed and any refund you may receive as a result. The Minnesota Department of Revenue is committed to adjusting as many returns as they can.
- If you need to amend (due to these law changes): Wait until you hear from the Minnesota Department of Revenue before filing an amended return. The Minnesota Department of Revenue will let you know if they can adjust your return or if you need to amend it.
- If you have not filed a 2020 return or filed for an extension: You may file using the updated forms to claim the recently passed unemployment and PPP loan forgiveness income exclusions and deductions.
COVID-19-related business needs
Every business in Minnesota is impacted by the COVID-19 crisis. The Minnesota Chamber is actively working with our members and the business community as a whole to understand the current, dynamic business climate. Your answers below will help us understand the immediate and future challenges for business, advocate to elected officials, and bring your business much-needed one-on-one assistance.