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Follow the steps below to deduct your MN tax rebate from your income so you won’t pay state tax on it:
You will see the subtraction of your MN rebate from your income on line 7 of your MN M1 form since your rebate is not taxable in MN.
For more information, review MN Department of Revenue - Direct Tax Rebate Payments.
Thank you, but I am in Wisconsin, not Min.
Line 1 of the WI form SB for the subtraction of "taxable refund of state income tax" flows from the Federal form 1040, Schedule 1, Line 1. When you enter your state income tax refund forms 1099-G in the federal "Wages & Income" section, your answers to the interview questions there determine any taxable amount of those state/local refunds. If any are taxable, it goes to the Schedule 1 and to the WI form SB.
For example if you used the standard deduction last year any state tax refund will be non-taxable and not on Schedule 1 or the WI form SB.
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