Minnesota Residents May Qualify for a Subtraction of Social Security or Railroad Retirement Benefits

Minnesota made a change on how it will treat Social Security and Railroad Retirement Benefits. Published August 29th, 2017 on the Minnesota Department of Revenue website.

Minnesota taxpayers who receive Social Security or Railroad Retirement benefits may qualify for a subtraction from income on their state return.

When is this subtraction available?

The Social Security Benefit subtraction is available for tax year 2017 and later.

Who qualifies for this subtraction?

This subtraction is available to individuals whose taxable Minnesota income includes Social Security or Railroad Retirement benefits. The subtraction is subject to income limits.

How much is the subtraction?

The subtraction amount depends on your filing status and provisional income, as shown in the table below.


What is provisional income?

Provisional income is your federal adjusted gross income (FAGI) plus any tax-exempt interest and one-half of your Social Security and tier 1 Railroad Retirement benefits.

How do I file this subtraction?

Complete Schedule M1M, Income Additions and Subtractions. Follow the instructions to claim this subtraction from Minnesota income.



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