From Minnesota Department of Revenue <[email protected]>
Subject Military Appreciation Month – Claim a Subtraction for Military Pensions
Date May 16, 2024 3:07 PM
  Links have been removed from this email. Learn more in the FAQ.
  Links have been removed from this email. Learn more in the FAQ.
Military tax information

You may be able to subtract certain military retirement pay, including pensions, from your Minnesota taxable income and alternative minimum taxable income.

*Do I qualify?*

You may qualify if your retirement pay is taxable on your federal return and was for any of these:


* Service in the active component of the military (U.S. Code Title 10, sections 1401 to 1414)
* Service in the reserve component (U.S. Code Title 10, section 12733)
* Survivor benefit plan payments, including payments to a former spouse as part of a court order?(U.S. Code, title 10, sections 1447 to 1455)

A divorcee who receives a portion of their former spouse?s military pension through their divorce settlement is eligible to subtract that income to the extent it is included in FAGI.

You may not claim this subtraction if you claim the Credit for Past Military Service [ [link removed] ].

*What if I did not claim the subtraction on my Minnesota return?*

You may amend your Minnesota return using Form M1X, Amended Minnesota Income Tax, and claim the subtraction. Find current- and prior-year forms and instructions [ [link removed] ] on our website. To claim a refund, you must amend your return within 3.5 years from your original return due date.

*Where can I find more information?*


* For details on this subtraction, review the Minnesota Department of Revenue's Military Pension Subtraction page [ [link removed] ]
* For details on Minnesota?s other military tax benefits, review our Military Service Members page [ [link removed] ]

?

??




Visit our website:
www.revenue.state.mn.us [ [link removed] ]

Logo



STAY CONNECTED: Visit us on Twitter [ [link removed] ] Find us on Facebook [ [link removed] ] Visit us on YouTube [ [link removed] ] Instagram [ [link removed] ] LinkedIn [ [link removed] ] Sign up for email updates [ [link removed] ]

SUBSCRIBER SERVICES:
Manage Preferences [ [link removed] ]? |??Help [ [link removed] ]? |??Contact Us [ [link removed] ]

Bookmark and Share [ [link removed] ]



________________________________________________________________________

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of the: Minnesota Department of Revenue ? 600 North Robert Street ? Saint Paul, MN 55101 ? 651-556-3000 GovDelivery logo [ [link removed] ]
Screenshot of the email generated on import

Message Analysis