Minnesota bill SF1239 proposes an unlimited subtraction for Social Security income tax in individual income taxation.
Minnesota bill SF1239 amends the state's tax code to allow an unlimited subtraction for Social Security income tax. This bill modifies the existing tax law to permit taxpayers to subtract the full amount of their Social Security benefits from their taxable income. The bill specifies different maximum subtraction amounts for various filing statuses, such as married filing jointly, single, head of household, and married filing separately.
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