The year 2012 probably is a distant memory for Minnesota soldiers, sailors, marines and other military who were serving in combat zones then. But the state of Minnesota is reminding those veterans and active duty military to claim a substantial write-down of state taxes before it expires.
The deadline for applying for Minnesota’s Credit for Military Service in a Combat Zone is the middle of this month, Oct 15.
The Minnesota Department of Revenue figures that 2,400 veterans and active duty members of the armed forces are eligible, but have not yet applied for the “refundable” tax credit. It is set at $120 per month, or part of a month, served in the combat area. A refundable credit is a direct subtraction from taxes. A taxpayer can apply for the credit even if he or she had no state income in 2012 or didn’t file a tax return that year.
To claim the credit, fill in Form M99, entitled “Credit for Military Service in a Combat Zone.”
Minnesota Revenue also is accepting applications for the tax credits from Minnesotans who served in combat or hazardous duty areas from years 2013 through 2015. Look for more information on the tax agency’s Web site, www.revenue.state.mn.us.
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