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Understanding Personal Income Tax in Minnesota

Filed under State Taxes. Fact checked on February 13, 2012.

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Minnesota personal income taxes are discussed.

If you are a resident or non-resident of Minnesota and receive taxable income individually from property owned or business transacted in Minnesota, you are subject to tax on net income. Therefore, if you are operating your business as an S corporation, partnership, limited liability company (LLC), or a sole proprietorship, you will be subject to a personal income tax on your business income that passes through to you.

For the 2012 tax year, the following rates apply against taxable income:

Single
Taxable Income Amount of Tax
$0 to $23,670 5.35%
$23,670 to $77,730 $1,266.35, plus 7.05% of the amount over $23,670
$77,730 and over $5,077.58, plud 7.85% of the amount over $77,730

Married Filing Jointly and Qualifying Widow(er)
Taxable Income Amount of Tax
$0 to $34,590 5.35%
$34,590 to $137,430 $1,850.57, plus 7.05% of the amount over $34,590
$137,430 and over $9100.79, plus 7.85% of the amount over $137,430

Head of Household
Taxable Income Amount of Tax
$0 to $29,130 5.35%
$29,130 to $117,060 $1,558.46, plus 7.05% of the amount over $29,130
$117,060 and over $7,757.53, plus 7.85% of the amount over $117,060

Married Filing Separately
Taxable Income Amount of Tax
$0 to $17,300 5.35%
$17,300 to $68,720 $925.55, plus 7.05% of the amount over $17,300
$68,720 and over $4,550.66, plus 7.85% percent of the amount over $68,720

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