Magnesium salt rare earth enrichment (MREE) is a crucial intermediate raw material in the deep processing of rare earth elements and material preparation, serving as a front-end raw material for the synthesis of rare earth oxides. With the current disposal process for MREE, neutralization slag with high rare earth residue is generated during further extraction of rare earth from the MREE and accumulates in huge piles. Therefore, the combined disposal process of MREE and neutralization slag was put forward. MREE was solubilized using 4 mol/L sulfuric acid to achieve an endpoint pH of 0.75, dissolving the rare earth and obtaining an acid solution. The MREE and neutralization slag were added in a mass ratio of 1:2 to the acid solution sequentially. The pH of the endpoint was controlled to 4.8~5.0 for neutralization and decontamination. This resulted in the production of rare earth sulfate liquid of similar quality to the original MREE disposal process, meeting subsequent extraction requirements. The neutralization slag underwent a water washing process, with two washes (first with 0.2 mol/L acidity water at a solid-liquid ratio of 1:2 and second with deionized water at a ratio of 1:4), resulting in water-washing slag with a rare earth content of 0.24% and a rare earth yield of 97.08%. Notably, zero wastewater discharge was realized. This innovative process effectively addressed the challenges of high rare earth residue in neutralization slag and stockpile accumulation, offering valuable theoretical and practical insights for MREE disposal.