Minnesota State Income Tax Brackets 2024 Lok

Minnesota State Income Tax Brackets 2024 Lok. The first $120,000 of taxable income is taxed 5.35 percent, the next $30,070 is taxed 6.80 percent, and the last $98,760 is taxed 7.85 percent. This page has the latest minnesota brackets and tax rates, plus a minnesota income tax calculator.

(review a full list of inflation adjustments for tax year 2024.) Minnesota has a graduated state individual income tax, with rates ranging from 5.35 percent to 9.85 percent.