OLT.com Customer Service Knowledge Base
Support Center > Knowledge base> Article: Minnesota Age 65 or Older/Disabled Subtraction

Minnesota Age 65 or Older/Disabled Subtraction

Article ID: 58707 Print
Question
Minnesota Age 65 or Older/Disabled Subtraction

Answer

If were born before January 2, 1957, or are permanently and totally disabled and you received federally taxable disability income, and you qualify to complete Schedule M1R under the limits below:

 

 

If you are:                                                                                                                                    And your income* is less than:                             And your Railroad Ret. Board benefits and                                                                                                                                                                                                                       nontaxable Social Security are less than:

Filing Single, Head of Household, or Qualifying Widow(er) and are 65 or older or disabled                    $33,700                                                               $9,600

Married, filing a joint return, and both spouses are 65 or older or disabled                                          $42,000                                                               $12,000

Married, filing a joint return, and one spouse is 65 or older or disabled                                               $38,500                                                               $12,000

Married, filing a separate return, lived apart from your spouse for all of 2021,

and are 65 or older or disabled                                                                                                       $21,000                                                               $6,000

 

 

* Your income for claiming this subtraction is the amount from line 1 of Form M1 plus any lump-sum distributions reported on federal Form 4972, less any taxable Railroad Retirement Board benefits (see instructions for line 9 of Schedule M1R).


related articles

Article Details
Views: 2973 Created on: Jun 15, 2013
Date updated: Dec 07, 2021
Posted in: States, Minnesota

Poor
Outstanding