Veterans and surviving spouses can fully subtract taxable Social Security benefits in Minnesota.

This bill amends Minnesota's tax code to allow a full subtraction of taxable Social Security benefits for veterans and surviving spouses. The bill modifies the maximum subtraction amounts based on filing status and provisional income. For married taxpayers filing jointly or surviving spouses, the maximum subtraction is $5,840, reduced by 20% of provisional income over $100,000. For single or head-of-household taxpayers, it is $4,560, reduced by 20% of provisional income over $69,250.

Veterans and surviving spouses can fully subtract taxable Social Security benefits in Minnesota.

This bill amends Minnesota's tax code to allow a full subtraction of taxable Social Security benefits for veterans and surviving spouses. The bill modifies the maximum subtraction amounts based on filing status and provisional income. For married taxpayers filing jointly or surviving spouses, the maximum subtraction is $5,840, reduced by 20% of provisional income over $100,000. For single or head-of-household taxpayers, it is $4,560, reduced by 20% of provisional income over $69,250.