Will Social Security Be Taxed In Minnesota In 2025

Will Social Security Be Taxed In Minnesota In 2025. Minnesota residents may owe both state and federal taxes on their social security benefits, depending on the amount they receive. For example, if your state’s effective income tax rate is 5% and you receive $30,000 in annual.

Up to 50% of benefits will be taxed if a single individual’s income is between $25,000 to $34,000 or if a married couple filing. Minnesota taxes ssdi benefits for individuals with agis over $82,190 ($105,380 for joint filers).