---
title: What You Need to Know About the Recent Minnesota Tax Relief Bill
description: Minnesota passed a $3 billion tax relief bill into law this spring. Eligible Minnesotans will experience tax relief this year and may qualify for state tax exemption with Social Security benefits.
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# What You Need to Know About the Recent Minnesota Tax Relief Bill
[Birchwood Financial Partners](https://blog.birchwoodfp.com/news/author/birchwood-financial-partners)
Jun 13, 2023 8:23:57 AM
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Minnesota passed a $3 billion tax relief bill on May 24, 2023. Eligible Minnesotans will experience tax relief this year and may qualify for state tax exemption with Social Security benefits. Here are a few key provisions to be aware of:
- ### One-Time Rebates:
- Joint filers qualify for the full $1,300 with three child dependents.
- Single filers qualify for the full $1,300 with four qualifying children.
Rebate checks will be based on your 2021 tax return.
[HERE ](https://www.revenue.state.mn.us/press-release/2023-05-24/minnesota-department-revenue-announces-next-steps-newly-passed-tax-rebate)are instructions for what you need to know/do in order to receive your rebate.
- ### Child Tax Credits:
Credits will be refundable when you file your 2023 tax return.
- ### Social Security Benefits:
- Exempt from state taxes for couples earning less than $100,000 (phasing out at $140,000)
- Exempt from state taxes for single filers earning less than $78,000 (phasing out at $118,000)
There were other tax law changes to this bill that the Minnesota Department of Revenue will share at [https://www.revenue.state.mn.us/tax-law-changes](https://www.revenue.state.mn.us/tax-law-changes) as they have updates and guidance.
*Investment Advisory services offered through Birchwood Financial Partners, Inc. an SEC Registered Investment Advisor.*
*All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Opinions expressed herein are solely those of Birchwood Financial Partners, Inc., and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser or qualified professional before making any financial decisions. We are not affiliated with or endorsed by the Social Security Administration or any government agency. The inclusion of any link is not an endorsement of any products or services by Birchwood Financial Partners. All links have been provided only as a convenience.*
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All written content on this site is for information purposes only. Opinions expressed herein are solely those of Birchwood Financial Partners, Inc. and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Advisory services are offered by Birchwood Financial Partners, Inc., an SEC Registered Investment Advisor. Birchwood Financial Partners, Inc. is not affiliated with or endorsed by the Social Security Administration or any government agency, and is not engaged in the practice of law. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services to any residents of any State other than the States of AZ, CA, FL, IA, IL, MN, NC, NY, TX, WI or where otherwise legally permitted. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions.
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