MN · Tax Year 2026
How Minnesota taxes Social Security, pensions, 401(k)/IRA withdrawals, and military retirement pay in 2026.
Income-tested Social Security subtraction; narrow public-pension and elderly/disabled relief; military fully exempt
Some relief depends on age/disability and income
Additional Notes
No broad exemption for private pensions or traditional withdrawals
Does Minnesota tax Social Security benefits?
It depends. Minnesota offers partial exemption for Social Security — eligibility is typically income-based or age-based. See the details above.
Does Minnesota tax pension income?
Partially. Minnesota provides exemptions for certain types of pension income — often public, government, or military pensions — while private pensions may be partially or fully taxable. See eligibility details above.
Does Minnesota tax 401(k) and IRA withdrawals?
Yes, traditional 401(k) and IRA withdrawals are generally taxable in Minnesota. However, exclusions or credits may apply depending on your age and income — review the details above.
Is Minnesota a tax-friendly state for retirees?
It depends on your income mix. Minnesota offers some retirement income relief, but the rules vary by income type and eligibility. Review the details above and consider consulting a tax professional for your specific situation.
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Data Source
Official Minnesota state tax authority guidance. Tax year 2026. Some annually indexed thresholds may not yet be finalized — confirm with the state revenue department before filing.
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Data reflects tax year 2026 rules sourced from official Minnesota state tax authorities. This page is for informational purposes only — always confirm current rules with the state revenue department or a qualified tax professional before making financial or relocation decisions.