Minnesota Tax Brackets 2024. 5.35 percent, 6.80 percent, 7.85 percent and 9.85 percent. The 2024 state’s income tax brackets will change by 5.376 percent from tax year 2023.
The latest state tax rates for 2024/25 tax year and will be update to the 2025/2026 state tax tables once fully published as published by the various states. 10%, 12%, 22%, 24%, 32%, 35% and 37%.
The Minnesota Department Of Revenue Announced The Adjusted 2024 Individual Income Tax Brackets.
(review a full list of inflation adjustments for tax year 2024.)
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Not all of your taxable income is taxed at the same rate.
Like The Federal Income Tax, Minnesota's Income Tax Allows Couples Filing Jointly To Pay A Lower Overall Rate On Their Combined Income With Wider Tax Brackets For Joint Filers.
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Marginal tax rate 22% effective tax rate 10.94% federal income tax $7,660.
These Tables Outline Minnesota’s Tax Rates And Brackets For Tax Year 2024.