Are there any tax exemptions for seniors or veterans?

Yes, there are tax exemptions available for seniors and veterans in Minnesota. Seniors who are 65 or older may qualify for a homestead property tax exemption, which reduces the property tax burden on their primary residence. There are also income tax exemptions for certain types of retirement income, such as Social Security benefits, military pension, and Railroad Retirement benefits. Veterans who are permanently and totally disabled due to military service may be eligible for property tax exemptions, while disabled veterans who meet certain criteria can claim an income tax subtraction for their military retirement pay. Additionally, surviving spouses of veterans may qualify for property tax exemptions in certain cases. It is recommended to visit the Minnesota Department of Revenue website or contact them directly for specific eligibility details and application processes.