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... return. To determine if you qualify, see the instructions for Schedule M1M , Income Additions and Subtractions . Pension Income Pensions, including ... your filing status and provisional income. See the instructions for Schedule M1M to calculate and claim the subtraction. Railroad Retirement ...
Description: This fact sheet explains how seniors (age 65 or older) file and pay Minnesota Individual Income Tax. It also covers common programs, deductions, and credits affecting seniors.
Date:
November
14, 2025
... calculate your subtraction using provisional income, see the instructions for Schedule M1M . Contact Information Email Go to Contact Form
Phone [+]
...
Description: If you included Social Security or Railroad Retirement benefits in your federal adjusted gross income and meet certain income limitations, you may qualify for a Social Security Benefit Subtraction.
Date:
November
14, 2025
... not subtract any reciprocity income on your Schedule M1M . For details, see the instructions for Form M1 and Schedule M1NR. Minnesota Property ...
Description: Minnesota has income tax reciprocity agreements with Michigan and North Dakota.
Date:
November
14, 2025
... Care Insurance Credit — Final Draft 10/15/25 M1M , Income Additions and Subtractions — Final Draft 10/21/25 (line 37 instructions updated) M1MA, Marriage Credit — Final Draft 10/15/ ...
Description: The following draft forms and instructions are for software vendor use only, to recreate substitute electronic forms.
Date:
November
14, 2025
... For details, see the Minnesota Individual Income Tax instructions and Schedule M1M , Income Additions and Subtractions . Agencies Issuing Taxable Obligations [+] ...
Description: Interest income you received from U.S. bonds, bills, notes and other obligations is taxable by the federal government and generally exempt from Minnesota income tax.
Date:
November
14, 2025
... federal adjusted gross income on your 2022 Schedule M1M , Income Additions and Subtractions. For questions about where to include this income on your federal income tax return, consult the instructions for the federal Form 1040. Contact the Department ...
Description: Frontline Worker Pay program report View Frontline Worker Pay program report (March 2023) Frontline worker payments on Minnesota tax return If you received a frontline worker payment of $487.45 in 2022, Minnesota will not send you a federal Form 1099 to report the payment because the amount was less than $600.
Date:
November
17, 2025
... See the federal Form 4562 and Minnesota Schedule M1M worksheet calculations. Sven’s Federal Form 4562 - Example ... Form 4562 - Example 2 Sven’s Minnesota Schedule M1M line 4 worksheet - Example 2 Sven’s Example ...
Description: Sven and his sister, Lena, jointly bought their family farm. In the partnership, Sven owns 60% and Lena owns 40%. They purchased a combine for $150,000 and chose to expense the maximum federal amount.
Date:
November
14, 2025
... files/2024-12/m1cr-24_0.pdf 2024 M1M , Income Additions and Subtractions 2024 M1M , Income Additions and Subtractions Tax Year: 2024 /sites/default/files/2025-11/ m1m -24.pdf 2024 M1MB, Business Income Additions and ...
Date:
November
14, 2025
... military pay subtraction. Subtract this income on Schedule M1M , Income Additions and Subtractions . Received federally taxable military ... retirement pay from your taxable income on Schedule M1M . If you claim this subtraction, you may not ...
Description: Like individuals, Minnesota taxes the income of military personnel based on residence. To help you understand your residency situation, here are three examples based on common residency situations.
Date:
November
14, 2025
... distribute the expense. Report the expenses on Schedule M1M , Income Additions and Subtractions . Do I report expenses ... to income from U.S. bonds on Schedule M1M ? [+] No. Do not report these expenses, which may ...
Description: Minnesota does not allow deductions for expenses related to income that the state does not tax.
Date:
November
15, 2025