From Minnesota Department of Revenue <[email protected]>
Subject – Tax Professional Tip #14 – Qualified Retirement Benefit Subtraction
Date April 4, 2024 7:41 PM
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Tax professionals

We recently updated our page for the public pension subtraction [ [link removed] ], 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 [ [link removed] ] and explain the changes on page 2 of Form M1X, Amended Minnesota Income Tax.

*Questions?*

*If you*



*Then*



Need help with your clients? accounts and have power of attorney on file with us



Contact the appropriate tax division [ [link removed] ]



Have questions about tax law changes



Email our tax law change team <[email protected]>



Have general questions, need time-sensitive assistance, have feedback or an idea for a tax pro tip



Email our tax pros <[email protected]> or call 651-556-6606



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