We recently updated our page for the public pension subtraction, also known as the qualified retirement benefit subtraction.
We added:
- More detail on pension plans that may qualify
- More Information on determining benefits eligible for the subtraction
- What to do if your client also receives social security benefits
- Examples of common situations
What if I need to adjust a filed return after reviewing this updated guidance?
Amend their tax return and explain the changes on page 2 of Form M1X, Amended Minnesota Income Tax.
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