Income Tax Rates Minnesota
State Income Tax Rates Vary Gfrom Zero Up To More Than 13 But A Valid Comparison Has To Also Check Other Taxes In Each State Income Tax Income Tax
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See minnesota statute 290 06.
Income tax rates minnesota. Minnesota s maximum marginal income tax rate is the 1st highest in the united states ranking directly below. This page has the latest minnesota brackets and tax rates plus a minnesota income tax calculator. The indexed brackets are adjusted by the inflation factor and the results are rounded to the nearest 10. Minnesota collects a state income tax at a maximum marginal tax rate of spread across tax brackets.
Income tax rates are also set by the law. 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. Income tax tables and other tax information is sourced from the minnesota department of revenue. Minnesota the minnesota department of revenue announced the adjusted 2020 individual income tax brackets.
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