Unlimited Social Security individual income tax subtraction provided.

HF 1000 would allow Minnesota taxpayers to deduct all Social Security benefits from their state taxable income without income-based phaseouts. Currently, deductions for Social Security benefits decrease or disappear once income exceeds thresholds (e.g., $100,000 for joint filers). This bill removes those phaseout limits, making the deduction "unlimited" for all qualifying taxpayers. It directly affects Minnesota residents receiving Social Security benefits who file state income tax returns. The change applies to taxable years beginning after December 31, 2024.