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18-01, Minnesota Department of Revenue, September 4, 2018, ¶204-450. Head of household: $9,550, up $200. Generally, you will ben- efit more by filing Schedule M1SA if your itemized deductions are more than your standard deduction. Minnesota has made changes to its state tax tables for 2019. But Minnesota's standard deduction of $13,000 for married taxpayers filing jointly hasn't changed. It accomplishes this primarily through its conformity to the increased standard deduction used by the TCJA, and through the following, all first effective for the 2019 tax year: 1. Itemized deductions are reduced as your income exceeds $197,850 ($98,925 if you are married and filing a separate return). All other elections must remain consistent between the taxpayer’s 2018 federal income tax return and their 2018 Minnesota income tax return. This is a private website that is NOT affiliated with the U.S. government and Internal Revenue Service (IRS). Minnesota Standard Deduction vs. Itemized Deductions. If we sent you a letter, please include the Letter ID number from the top right corner. Minnesota State Tax Tables 2019 . For 2018 you can take the standard deduction for your Federal return but still itemize for Minnesota. 2020 © Standard-Deduction.com. 576 March 2018. Schedule M1UE requires adequate record keeping, as noted in this guide, that may be more time consuming than the benefit of the deduction. Other deductions such as tax preparation fees, investment expenses and unreimbursed employee business expenses that aren’t eligible to be deducted on your Federal Schedule A can still be deducted on your Minnesota return. $350, plus the individual’s earned income. Taxpayers can take the standard deduction on the federal return and itemize deductions on the Minnesota return. But remember that this is for 2018 returns (filed in 2019), not 2017 ones filed in 2018. $18,000 for taxpayers filing as head of household. Chiefly among these provisions is the update of Minnesota’s conformity date to the IRC to December 31, 2018, 4 thus conforming to a version of the IRC that includes the provisions of the Act. Annual summaries of Minnesota tax law changes enacted during each legislative session. You may claim the Minnesota standard deduction or itemize your deductions on your Minnesota income tax return. An increase in the Social Security subtraction from $4,… Here's a peek at 2018 tax brackets, standard deduction amounts and more under tax reform. All other elections must be consistent on the taxpayer’s 2018 federal income tax return and their 2018 Minnesota income tax return. Personal exemptions and dependent exemptions will no longer exist. The new law is retroactive to the beginning of 2018, so Minnesota taxpayers who filed 2018 state returns based on the old law may have to amend them. 63 limitations and restrictions as of December 16, 2016, apply to taxpayers claiming the standard deduction. Read more, Visit our booth at an upcoming trade show. Adopt federal standard deduction amounts (with separate Minnesota limitations) and federal itemized deductions with certain exceptions Provide a special limited adjustment for 2018, allowing individual income taxpayers to take the standard deduction or make an election to itemize deductions, regardless of the method used for federal income tax purposes Dependent exemptions: Beginning with the 2019 tax year, Minnesota no longer allows personal exemptions. Login to read more tax news on CCH® AnswerConnect or CCH® Intelliconnect®. See H.F. 5. File 2018 Tax Return. Minnesota enacted its own allowable itemized deductions beginning in 2019. For tax year 2019, brackets will change by 2.419% from tax year 2018. In 2019, it increases by $1,650 if you’re single or head of household and by $1,300 if you’re married or a qualifying widow(er). 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