MinhT1
Expert Alumni

Deductions & credits

This is correct.

 

The Minnesota standard deduction $50 less than the Federal standard deduction.

 

The Federal Standard deduction is $30,750 for a joint return couple with one spouse aged 65 or over.

 

The Minnesota standard deduction for the same couple is $30,700.

 

Please read this IRS document and this Minnesota Revenue document.

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