ST. PAUL, Minn. (AP) -- Some recently enacted federal tax deductions could also be extended to Minnesotans filing their state taxes as well.
The Minnesota House on Monday voted unanimously to match some deductions. The catch is that state lawmakers aren't embracing the federal changes across the board.
The bill has a bearing on more than 250,000 tax returns. It includes teachers claiming deductions for education expense, homeowners taking itemized deductions for their mortgage insurance premiums and college students or parents using higher education tuition deductions.
It comes at a cost to state government of $18.5 million. Republicans tried to include more deductions but failed, with Democrats citing the high cost.
The Senate has yet to pass a tax conformity bill.
All content © Copyright 2001 - 2014 WorldNow and KTTC, a Quincy station.
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Jodi Neyens at (507) 280-5104. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at firstname.lastname@example.org.