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February 28, 2024
Question

If I file the State of Minnesota subtraction amount on Turbo Tax won't I underpay my State of Minnesota taxes?

  • February 28, 2024
  • 1 reply
  • 0 views
The 2023 Turbo Tax Minnesota amount to be deducted from federal taxes is way too high

1 reply

DawnC
Employee
February 28, 2024

Not if you qualify for the subtraction.   You enter subtractions only for items that were taxed on your federal return but are non-taxable on your Minnesota state return.   Example, if you received the $3K one-time tax rebate, it would be taxable on the federal return, but on the Minnesota return, you would subtract 3K from income.   What did you subtract on your state return that is causing concern? 

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