The Minnesota tax update, is incorrect. I filed my Federal and State Return prior to the Unemployment Exclusion from the Federal return. My Unemployment compensation was $7501.00 as was reported on my Federal return.
Prior to the Federal Unemployment update, My adjusted Gross income was $41,283 and taxable Income was $13883.00. My refund amount was $506.00. After the update, my Federal AGI is $33,782.00 , My taxable income is $6,382.00 and my refund is $1,256.00. This makes sense for the $7,501.00 exclusion. Here are my Minnesota numbers prior to the Federal Unemployment exclusion: My adjusted Gross Income was $41,283.00, my Minnesota taxable Income was $3.648.00 and my Refund amount was $448.00. Now, after the Federal and State updates my State AGI is $33,782.00, My MN taxable Income is $10,024.00 and my refund amount is $105.00. How can my refund decrease by $343.00. How can my taxable income increase by $6,376.00 since the update. MN did not adopt the change, so why has my taxable income increased when I had already filed prior to the Exclusion. The numbers for MN should not have changed from my original filing. I have look at additions and they have added back in my Unemployment Exclusion and recalculated my Social Security Benefit exclusion which has increased. None of the MN numbers should have changed from my Original pre-unemployment Filing. This needs to be fixed because tons of MN filers are being told they can go ahead and file unless someone can tell me how my MN Income increased after the Federal and State updates.
