Minnesota Income Tax Brackets 2024

Minnesota Income Tax Brackets 2024. These tables outline minnesota’s tax rates and brackets for tax year 2024. 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.

See states with no income tax and compare income tax by state. You are able to use our minnesota state tax calculator to calculate your total tax costs in the tax year 2024/25.