Unlimited Social Security income tax subtraction provided.

HF 2081 removes income-based limits on deducting Social Security benefits from Minnesota state income tax. It eliminates the current phaseout thresholds and maximum deduction amounts (e.g., $5,840 for joint filers), allowing taxpayers to subtract the full amount of their Social Security benefits. This change applies to Minnesota residents receiving Social Security benefits who file state tax returns. The bill takes effect for taxable years beginning after December 31, 2024.