ST. PAUL, Minn. — During the 2023 legislative session, DFL lawmakers approved the most extensive tax reduction in the state’s history, resulting in over $3 billion in savings for both Minnesotans and communities. We’re providing financial relief to Minnesotans, which includes a variety of advantages for families with children, homeowners, Social Security beneficiaries, retirees receiving public pensions, and other groups.
Senator Nicole Mitchell (DFL-Woodbury) issued the following statement as state tax filing season gets underway:
“Beginning this tax filing season, the 2023 tax bill will bring substantial advantages to my constituents,” said Senator Mitchell. “We have introduced a refundable child tax credit, allowing for a maximum of $1,750, which will contribute to a reduction in childhood poverty by as much as one-third. We eliminated state income tax on social security benefits for households with earnings below $100,000. The DFL majority has also implemented property tax relief measures, including a 20 percent increase in homeowner property tax refunds, enhanced renter refunds, and various other opportunities for tax savings. I take pride in these unprecedented tax cuts that will offer significant financial relief to my constituents and their families.”
For more information on these tax-saving opportunities, eligibility criteria, and assistance programs, visit the Minnesota Department of Revenue’s official website here: https://www.revenue.state.mn.us/tax-law-changes. For free tax assistance support, visit the Department of Revenue’s website here: https://www.revenue.state.mn.us/free-tax-preparation-sites.