These tables outline Minnesota’s tax rates and brackets for tax year 2021. Find Your Minnesota Tax ID Numbers and Rates If you are unsure, contact the agency at (651) 296-6141. 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. 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. field_block:node:landing_page:field_related_pages, field_block:node:landing_page:field_last_updated. If we can help you over the phone, please include your phone number. Before the official 2021 Minnesota income tax rates are released, provisional 2021 tax rates are based on Minnesota's 2020 income tax brackets. For married couples filing jointly: 1. In Minnesota, according to legislative tax staffers, that would have the effect of raising its top rate from 9.85 percent to 16.3 percent. Because Minnesota is a destination-based sales tax state, you would charge your buyer their local 7.78 % rate. 7.05% on taxable income between $25,071 and $82,360. Minnesota income tax rates. 2. Minnesota has a statewide sales tax rate of 6.875%, which has been in place since 1967. PRODUCT DOWNLOAD PURCHASE SUPPORT DEALS ONLINE CART. 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. The State of Minnesota has a progressive income tax, meaning the more money your employees make, the higher the income tax. The latest sales tax rate for Audubon, MN. This list has been provided by the Minnesota House Research Department. start your online tax return today for free with TurboTax, Form M1CD - Child and Dependent Care Credit, Schedule M15 - Estimated Tax Underpayment Form, Printable Minnesota Tax Table & Tax Reference, Credit for taxes paid to other states ($106.0 million in tax year 2009), Marriage credit ($65.5 million in fiscal year 2012), Long-term care insurance credit ($7.9 million in fiscal year 2012), Credit for past military service ($1 million in fiscal year 2012), Working family (earned income) credit ($201.1 million in fiscal year 2012), Dependent care credit ($14.0 million in fiscal year 2012), K-12 education credit ($13.2 million in fiscal year 2012), Angel investment credit ($12.0 million in fiscal year 2012), Historic structure rehabilitation credit ($10.0 million in fiscal year 2012), Military combat zone credit ($1.8 million in fiscal year 2012), Job opportunity building zone (JOBZ) credit ($0.8 million in fiscal year Research estimates of how state House and Senate bills could affect revenues and the Minnesota tax system. Includes short and long-term 2019 Federal and State Capital Gains Tax Rates. Every 2020 combined rates mentioned above are the results of Minnesota state rate (6.875%), the county rate (0% to 1%), the Minnesota cities rate (0% to 1.5%), and in some case, special rate (0% to 1.5%). Minnesota collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. Income tax deductions are expenses that can be deducted from your gross pre-tax income. The Fairmont sales tax rate is %. Tax Rate 6.5%: Sales tax is due on most purchases or acquisitions of motor vehicles. Cities and/or municipalities of Minnesota are allowed to collect their own rate that can get up to 1.5% in city sales tax. The state general sales tax rate of Minnesota is 6.875%. The status you use on your Minnesota state return must match the status you use on your federal income tax return. Minnesota, like several other states, increases but doesn't double tax bracket widths for married joint filers. Select the sales tax location on the Sales Tax Rate Map. The income tax rate ranges from 5.35% to 9.85%. 2020 rates included for use while preparing your income tax deduction. Tax-Rates.org provides easy access to four of the most commonly used Minnesota income tax forms, in downloadable PDF format. It should take one to three weeks for your refund check to be processed after your income tax return is recieved. These are among the highest in the country. 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. For more information, see Local Tax Information. 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. 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. The Minnesota (MN) state sales tax rate is currently 6.875%. For more information, see Local Tax Information. Compare your take home after tax and estimate your tax return online, great for single filers, married filing jointly, head of household and widower Your annual income and filing status determine your tax rate. 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. Detailed Minnesota state income tax rates and brackets are available on this page. Policy statements that provide added interpretation, details, or information about Minnesota tax laws or rules. When a vehicle is acquired for nominal or no monetary consideration, tax to be paid is based on the average value of similar vehicles. 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