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The Minnesota Department of Revenue website provides a range of information for taxpayers, tax professionals, local governments, and other customers.
Mar 5, 2024 · The big picture: Income tax: 5.35–9.85 percent. Minnesota has a graduated rate income tax. It starts at 5.35 percent for lower-income residents, increasing gradually to 9.85 percent. Property tax: 1.11 percent of a home’s assessed value (average) Real estate taxes vary, depending where you live.
Find information on how to file and pay your taxes, access free tax preparation assistance, and track your refund.
Minnesota Income Tax Calculator 2023-2024. If you make $70,000 a year living in Minnesota you will be taxed $11,136. Your average tax rate is 10.94% and your marginal tax rate is 22%. This...
Minnesota has a graduated state individual income tax, with rates ranging from 5.35 percent to 9.85 percent. Minnesota has a 9.8 percent corporate income tax rate. Minnesota also has a 6.875 percent state sales tax rate and an average combined state and local sales tax rate of 8.04 percent.
Jan 1, 2024 · Find out how much you'll pay in Minnesota state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more. Menu burger
SmartAsset's Minnesota paycheck calculator shows your hourly and salary income after federal, state and local taxes. Enter your info to see your take home pay.
