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Tax-Rates.org - 2024 State & Federal Taxes

Minnesota Taxes: Income Tax | Sales Tax | Property Tax | Corporate Tax | Excise Taxes

Minnesota State Income Tax

Tax Year 2023

Contents

  1. Minnesota Tax Rates
  2. Minnesota Tax Calculator
  3. About
    1. Tax Deductions
  4. Filing My Tax Return
    1. Minnesota Tax Forms
    2. Mailing Addresses
    3. eFiling Information
  5. Income Tax Refunds

QuickFact: The average family pays $1,263.00 in Minnesota income taxes. [1] Rank: 31st out of 51 Minnesota Income Tax Table
Tax Bracket (Single) [2] Tax Bracket (Couple) [3] Marginal Tax Rate
$0+ $0+ 5.350%
$30,070+ $43,950+ 6.800%
$98,760+ $174,610+ 7.850%
$183,340+ $304,970+ 9.850%

Note: We don't currently have Minnesota's income tax brackets for tax year 2024. Until updated 2024 tax rates become available for Minnesota, the tax brackets shown above and used in the income tax calculator will be from tax year 2023.

The Minnesota Income Tax

Minnesota collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. 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.

Minnesota's maximum marginal income tax rate is the 1st highest in the United States, ranking directly below Minnesota's %. You can learn more about how the Minnesota income tax compares to other states' income taxes by visiting our map of income taxes by state.

As of 2012, approximately 39% of Minnesota's state revenues come from the state income tax. Minnesota, like several other states, increases but doesn't double tax bracket widths for married joint filers.

Minnesota allows a variety of refundable and nonrefundable tax credits to be claimed by qualifying taxpayers. Here's a list of the most common tax credits, ordered by popularity of the credit. This list has been provided by the Minnesota House Research Department.

Non-Refundable Tax Credits

TurboTax eFiling

Refundable Tax Credits There are 214 days left until Tax Day, on April 16th 2025. The IRS will start accepting eFiled tax returns in January 2020 - you can start your online tax return today for free with TurboTax .

Minnesota Tax Deductions

Income tax deductions are expenses that can be deducted from your gross pre-tax income. Using deductions is an excellent way to reduce your Minnesota income tax and maximize your refund, so be sure to research deductions that you mey be able to claim on your Federal and Minnesota tax returns. For details on specific deductions available in Minnesota, see the list of Minnesota income tax deductions.

4.1 - Minnesota Standard Deduction

Unlike many other states, Minnesota has no standard deduction. Certain itemized deductions (including property tax, qualified charitable contributions, etc) may be allowed depending on the income level and filing type of the taxpayer. Keep in mind that not all deductions allowed on your federal income tax return are necessarily going to be allowed on your Minnesota income tax return.

4.2 - Minnesota Personal Exemptions

Minnesota has no personal exemption. The Federal Income Tax, however, does allow a personal exemption to be deducted from your gross income if you are responsible for supporting yourself financially.

4.3 - Minnesota Dependent Deduction

Unlike most states, Minnesota does not have a dependent deduction. You can, however, claim dependent deductions on your Federal Tax Return.

4.4 - Minnesota Itemized Deductions

Minnesota allows itemized deductions, and you can claim the same itemized deductions on your Minnesota tax return as you do on your Federal tax return. You must choose between itemizing your deductions and choosing the Minnesota standard deduction, so it's generally only worth itemizing your deductions if your itemized total is more then the Minnesota and Federal standard deductions. For more details, visit the list of Minnesota itemized deductions.

Tax-Rates.org provides easy access to four of the most commonly used Minnesota income tax forms, in downloadable PDF format. For all of the tax forms we provide, visit our Minnesota tax forms library or the 's tax forms page.

Form M1 is the most common individual income tax return filed for Minnesota residents. You must file yearly by April 17.

If you care for a child or dependent of your household, you may need to file form M1CD along with your other tax form/s.

If you are a nonresident of Minnesota, or a part time resident, and you have earned income in Minnesota, then you need to file form M1NR.

If you failed to pay or underpaid your estimated income tax for the previous tax year, you must file Schedule M15 to calculate and pay any interest or penalties due to the Minnesota Department of Revenue.

Tax-Rates.org provides a printable Minnesota datasheet including an income tax table, a list of Minnesota tax deductions, important URLs and addresses, and more. This document is in PDF format.

External Link

If you are not a resident of Minnesota, have a complicated tax return, or have other specialized circumstances you may need to download additional tax forms from the website. You can find all of Minnesota's 2024 income tax forms on the income tax forms page .

How To File Your Minnesota Income Tax Return

Once you've filled out your Minnesota income tax return, you have several options for filing and paying your income tax. You can mail your return to the at the correct address below, and include your payment by check or money order. You may also electronically file your Minnesota tax return through a tax preparer or using online tax software, and pay your taxes instantly using direct debit or a credit card (an additional credit card fee may apply).

Where To Send Your Minnesota Tax Return

If you filled out physical tax return forms, mail your completed Minnesota income tax return to the Minnesota no later then December 31st. Please be sure to send your completed tax forms to the correct address for your filing type.

Income Tax Return (No Payment)
Minnesota Department of Revenue Mail Station 1173 St. Paul, MN 55146-1173

Income Tax Return (Payment Enclosed)
Minnesota Department of Revenue PO Box 64439 St. Paul, MN 55164-0439

e-Filing: Submit Your Minnesota Tax Return Online

You can save time and money by electronically filing your Minnesota income tax directly with the . Benefits of e-Filing your Minnesota tax return include instant submission, error checking, and faster refund response times. Most tax preparers can electronically file your return for you, or you can do it yourself using free or paid income tax software, like the examples listed below. To e-file your Minnesota and Federal income tax returns, you need a piece of tax software that is certified for eFile by the IRS. While most in-depth tax software charges a fee, there are several free options available through the states, and simple versions are also offered free of charge by most tax software companies. The two most popular tax software packages are H&R Block At Home, sold by the H&R Block tax preparation company, and TurboTax Federal & State, sold by the Intuit software company. Both companies produce multiple editions for simple to very complex tax returns, so be sure to carefully compare the features offered by each package.

Getting Your Minnesota Tax Refund

If your state tax witholdings are greater then the amount of income tax you owe the state of Minnesota, you will receive an income tax refund check from the government to make up the difference. It should take one to three weeks for your refund check to be processed after your income tax return is recieved. E-filing your return and filing early can help ensure your refund check gets sent as quickly as possible. Once you've filed your tax return, all you have to do is wait for your refund to arrive. If you want to check the status of your Minnesota tax refund, you can visit the Minnesota Income Tax Refund page.

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References

  1. Our state ranking and income tax figures are based on a family of four (married parents with two children) earning the national median household income of $50,000 per year. Deductions and personal exemptions are taken into account, but some state-specific deductions and tax credit programs may not be accounted for.
  2. Before the official 2024 Minnesota income tax rates are released, provisional 2024 tax rates are based on Minnesota's 2023 income tax brackets.
  3. The 2024 state personal income tax brackets are updated from the Minnesota and Tax Foundation data.
  4. Minnesota tax forms are sourced from the Minnesota income tax forms page , and are updated on a yearly basis. Please make sure the Minnesota forms you are using are up-to-date.