Minnesota tax the one-time tax rebate , pension

[maury2]

Hi,

In STATE TAXES, Minnesota, in screen  Tell Us About Other Income Adjustment

1. Would the one-time tax rebate apply to tax year 2023, rather than 2021?
2. Should I also report my pension income here, considering that I've already included it in my federal income tax?

Thanks for your assistance, Maury

[TomD8]

The Minnesota tax rebate is not taxable on your Minnesota state tax return.

If you include this payment in your federal adjusted gross income, subtract it from Minnesota taxable income on line 33 of Schedule M1M and on line 10 of Form M1PR on your state returns.

https://www.revenue.state.mn.us/press-release/2024-02-15/department-revenue-will-start-reissuing-ove...

[maury2]

Apologies for any confusion. My initial first question pertains to TurboTax Deluxe. In the state taxes section, specifically under 'Tell Us About Other Income Adjustment,' there's a question about receiving a one-time tax rebate for the tax year displayed as 2021. Could this be an error? Should it be referring to 2023 instead?

[TomD8 · Accepted solution]

Although issued in 2023, the Minnesota tax rebate is for tax year 2021.  See this:

https://www.revenue.state.mn.us/direct-tax-rebate-2021