Minnesota HF1000 allows an unlimited subtraction for Social Security benefits in individual income tax calculations.

Minnesota HF1000 amends the state's individual income tax law to allow an unlimited subtraction for Social Security benefits. This bill modifies the tax code to ensure that taxpayers can fully subtract their Social Security benefits from their taxable income, regardless of the amount. The changes apply to taxable years beginning after December 31, 2024.

Minnesota HF1000 allows an unlimited subtraction for Social Security benefits in individual income tax calculations.

Minnesota HF1000 amends the state's individual income tax law to allow an unlimited subtraction for Social Security benefits. This bill modifies the tax code to ensure that taxpayers can fully subtract their Social Security benefits from their taxable income, regardless of the amount. The changes apply to taxable years beginning after December 31, 2024.