MN SF4249

Allows Minnesota taxpayers to subtract the full amount of Social Security benefits received from their state taxable income, regardless of income level

Eliminates the current income-based phaseout system that reduced the subtraction for married couples filing jointly with AGI over $100,000 and single/head of household filers with AGI over $78,000

Removes the alternate subtraction calculation that capped benefits at $5,840 for joint filers and $4,560 for single/head of household filers

Effective for taxable years beginning after December 31, 2025