topic Is "Minnesota taxable income" different than federal income? Transferred federal info to state and income is close to $10,000 difference. in Retirement tax questions

Is "Minnesota taxable income" different than federal income? Transferred federal info to state and income is close to $10,000 difference.

amyreznicek — Thu, 06 Jun 2019 15:42:37 GMT

Yes, your Minnesota Taxable Income could be different fro...

MarilynG — Thu, 06 Jun 2019 15:42:37 GMT

Yes, your Minnesota Taxable Income could be different from your Federal Taxable Income, since states have different Standard Deduction amounts than Federal.

Also, Minnesota could be giving you a deduction or credit that your Federal return does not (or vice versa).

http://www.house.leg.state.mn.us/hrd/pubs/ss/ssmti.pdf

SweetieJean — Thu, 06 Jun 2019 15:42:40 GMT

http://www.house.leg.state.mn.us/hrd/pubs/ss/ssmti.pdf