This guide breaks down the Minnesota income tax rate for 2023 and 2024 for different filing statuses. We’ll explore the brackets for these two tax years to help you determine the rate matching your taxable income.
In addition, we’ll highlight the credits and state standard deduction you can claim.
What Is the Minnesota Income Tax Rate?
Minnesota levies a graduated income tax with rates ranging from 5.35% to 9.85% applied to taxable income brackets.
There are four Minnesota individual income tax brackets depending on your marital status and household situation.
Joint filers receive the most generous tax brackets, followed by heads of households, single filers, and those married filing separately.
If you’re unsure whether you have to pay income tax in Minnesota, check out this Minnesota Department of Revenue guide to learn more.
What Are the Minnesota Tax Brackets for 2023 (Filed in 2024)?
Minnesota adjusts its brackets to cope with inflation yearly, accounting for wage and price increases.
For tax year 2023, the state uses the following marginal tax rates and income brackets based on your filing status:
| Tax Rate | Married Filing Jointly | Married Filing Separately |
| 5.35% | $0 to $43,950 | $0 to $21,975 |
| 6.80% | $43,950 to $174,610 | $21,975 to $87,305 |
| 7.85% | $174,610 to $304,970 | $87,305 to $152,485 |
| 9.85% | Over $304,970 | Over $152,485 |
| Tax Rate | Head of Household | Single |
| 5.35% | $0 to $37,010 | $0 to $30,070 |
| 6.80% | $37,010 to $148,730 | $30,070 to $98,760 |
| 7.85% | $148,730 to $243,720 | $98,760 to $183,340 |
| 9.85% | Over $243,720 | Over $183,340 |
What Are Minnesota Income Tax Brackets for 2024 (Filed in 2025)?
The Minnesota Department of Revenue has announced inflation-adjusted individual income tax brackets for 2024, so the following are these income tax brackets:
| Tax Rate | Married Filing Jointly | Married Filing Separately |
| 5.35% | $0 to $46,330 | $0 to $23,165 |
| 6.80% | $46,330 to $184,040 | $23,165 to $92,020 |
| 7.85% | $184,040 to $321,450 | $92,020 to $160,725 |
| 9.85% | Over $321,450 | Over $160,725 |
| Tax Rate | Head of Household | Single |
| 5.35% | $0 to $39,010 | $0 to $31,690 |
| 6.80% | $39,010 to $156,760 | $31,690 to $104,090 |
| 7.85% | $156,760 to $256,880 | $104,090 to $193,240 |
| 9.85% | Over $256,880 | Over $193,240 |
What Income Tax Credits Are Allowed in Minnesota?
Minnesota offers over 18 income tax credits that can lower the taxes you owe or even result in a refund.
The full list of credits is extensive. However, visit the Minnesota Department of Revenue website to learn more about what income tax credits you might be eligible to claim.
What Are the 2024 Standard Deductions and Dependent Exemption In Minnesota?
Minnesota provides standard deduction amounts that filers can claim. For tax year 2024, the state is projecting standard deductions to be:
- Married Filing Jointly: $29,150
- Married Filing Separately: $14,575
- Single Filers: $14,575
- Heads of Households: $21,900
- The dependent exemption: $5,050 per dependent,.
Check the Department of Revenue website for more details on the allowed itemized or standard deductions.
You can also check the standard deduction and dependent exemption for the 2023 tax year On the website.
The Bottom Line About Minnesota Income Tax Rate
Minnesota income tax rate ranges between 5.35% and 9.85% based on your taxable income level and filing status.
The state provides a wide variety of standard and itemized deductions as well as credits that you can claim.
A final tip: Remember to prepare and file your tax returns ahead of time to avoid incurring penalties or interest due to delays.
More topics about tax rates: New York State Income Tax Rate, How Are Property Taxes Calculated.
