The Credit for Military Service in a Combat Zone for service in 2011 will expire on Oct. 15, 2015. The Minnesota Department of Revenue is reminding Minnesota service members to take advantage of the refundable tax credit before it expires.
The department recently sent letters to 1,800 qualifying service members explaining how they can claim the credit. Service members have already claimed more than $3.5 million in refunds for the 2011 credit. The average refund is $710.
“We are proud that thousands of service members call our state home and this credit is one of the ways Minnesota honors their service. The expiring credit could be worth hundreds of dollars to Minnesota service members and their families, and we encourage them to claim the credit before the deadline in mid-October,” said Revenue Commissioner Cynthia Bauerly.
To date, the department has received more than 38,000 claims for the military credit, totaling more than $20 million in refunds. The 2011 credit is $120 per month, or partial month served.
To qualify for the credit, service members must have:
• served in a combat zone or qualified hazardous-duty area anytime on or after January 1, 2011,
• been a Minnesota resident during the time of service, and received combat pay which is exempt from federal and Minnesota income tax.
To receive the credit, service members must:
- file Form M99, Credit for Military Service in a Combat Zone, and
- attach corresponding Form DD-214 for each period of qualifying service.
If still on active duty, attach Leave and Earnings statements for each month of qualifying service.
For more information on the military tax credit and to fill out the form, visit our website at www.revenue.state.mn.us. Applications must be postmarked by Oct. 15, 2015.
Check out and share our video which explains who qualifies and how to claim the Credit for Military Service in a Combat Zone.
Tax credits for service in a combat zone are also available for 2012, 2013 and 2014. For more information, visit the Members of the Military page on our website and sign up for email updates on military credits, application deadlines, and tax law changes.
For information on combat zone locations that qualify for the tax credit, visit the IRS website at www.irs.gov.
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