Minnesota State Income Tax Brackets 2024 Calendar. The first $120,000 of taxable income is taxed 5.35 percent, the next $30,070 is taxed 6.80 percent, and the last $98,760 is taxed 7.85 percent. This annual adjustment will prevent taxpayers from.

A single filer would be taxed at 5.35% for the first $31,690 of income. See states with no income tax and compare income tax by state.