ST. PAUL, Minn.
-- May is National Military Appreciation Month and the Minnesota
Department of Revenue reminds members of the military and their families
about the many valuable state tax benefits available to them.
“Minnesota
offers military service members – past and present – tax benefits as a
way to show appreciation for the sacrifices they have made. We want to
make sure military members and veterans have all the information they
need to claim the credits that are available to them and their
families,” said Revenue Commissioner Cynthia Bauerly.
The department has a dedicated webpage for members of the military.
This is a centralized spot for members of the military to learn about
military tax benefits and find information on claiming the credits they
are entitled to:
- New in 2016 - Military Pension Subtraction. Certain military retirement pay (including pensions) can be subtracted from your Minnesota taxable income.
- Credit for Military Service in a Combat Zone. You may qualify for this credit if you served in a combat zone or qualified hazardous duty area on or after January 1, 2013.
- Credit for Past Military Service.
If you are a veteran of the U.S. military, including the National Guard
and Reserves, you may qualify for a tax credit of up to $750 for your
past service.
- Active-Duty Military Pay Subtraction.
Members of the military who are Minnesota residents may subtract
federally taxable active-duty military pay when determining their
Minnesota tax.
- Filing Extensions.
If you are serving in the U.S. military and cannot file or pay your
Minnesota income tax by the due date, you may be eligible for an
extension.
- Market Value Exclusion on Homesteads of Disabled Veterans. If you are an honorably discharged veteran who has a service-connected disability rating of 70 percent or higher, you may qualify for a property tax exclusion on your homestead.
You can check out our military tax tips video and sign up for our email subscription service to receive up-to-date military information.
If you have questions, contact us by email at individual.incometax@state.mn.us or phone at 651-296-3781 or 1-800-652-9094 (toll-free).
