Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Minnesota

question everything

(49,488 posts) Fri Feb 16, 2018, 12:08 PM Feb 2018

Yes, Minnesota is taxing us, more.. [View all]

The main item on our income tax return itemized deductions is Medical Deductions, caused by long term care premiums. The federal law always allowed to deduct the amount that exceeds 7.5% of Adjusted Gross Income. Not Minnesota. There it is 10%. I actually called the Dept. of Revenue and he confirmed it, adding that it was added last year but because the tax "reform" came so late in the year, they did not have time to address it.

They may in this year session which will probably not matter for many of us. Will probably the last year for itemized deductions..

Sigh..

9 replies

= new reply since forum marked as read

Highlight:

Yes, Minnesota is taxing us, more.. [View all] question everything Feb 2018 OP

Just curious but I thought fed. % for medical deductions is now 10%...did I mishear? SWBTATTReg Feb 2018 #1

Well it gets f'ing confusing progree Feb 2018 #2

Yeah, you're right, and I thank you for bringing this to our attention... SWBTATTReg Feb 2018 #3

Again, thanks for the helpful link, I linked into and copied...nt SWBTATTReg Feb 2018 #4

I found the 2017 Schedule A -- it's 7.5% for everybody progree Feb 2018 #5

Thanks so much! God, I'm kicking myself, I could have done this too (link to the IRS, etc. SWBTATTReg Feb 2018 #6

Thanks, I'm glad it was useful progree Feb 2018 #7

It is 7.5% for 2017. Look at Schedule A question everything Feb 2018 #8

It's been 10% for several years for non-seniors and 7.5% for seniors progree Feb 2018 #9