Minnesota

2024 Tax Guide

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State income tax rates (2024)

Single Filers

Up to $31,6895.35%
$31,690 - $104,0896.8%
$104,090 - $183,3397.85%
$183,340+9.85%

Married Filing Jointly

Up to $43,9495.35%
$43,950 - $174,6096.8%
$174,610 - $304,9697.85%
$304,970+9.85%
State capital gains tax rates (2024)

Capital gains are taxed at the same rates as ordinary income.

Deductions/exemptions (2024)
Single:$14,825
Married Filing Jointly:$29,650
Dependent Exemption:$5,050
Notes
  • Social Security benefits fully exempt

Last updated: August 25, 2025

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