2010 TaxGrams™
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State and Local Taxes
Minnesota State Tax Summary

Minnesota state tax summary, including corporate and individual Minnesota income taxes, credits, exemptions, deductions and more. Includes Minnesota estate, gift and inheritance tax, miscellaneous Minnesota taxes, pass-through entity treatment, payroll taxes, property taxes and Minnesota sales & use taxes.

Minnesota ranks #43 on the State Business Tax Climate Index (TaxFoundation.org).

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    taxmOuth Minnesota Taxes

Minnesota Tax Contacts

Minnesota Tax FAQs

Minnesota Tax Forms

Minnesota Corporate Taxes

  • taxmOuth Minnesota Corporate Taxes
  • Minnesota Tax Rates & Brackets:

    9.8%> $0
  • Loss Carry-back/fwd: 0 Years Back / 15 Years Forward (Unlimited)
  • Throwback Sales?: N
  • Foreign Tax Deductible?: N
  • Alternative Minimum Tax (AMT): Y
  • Gross Receipts Tax: 0.98%
  • Capital Stock (Net Worth) Tax?: N

Minnesota Tax Incentives and Credits

Minnesota Individual Income Taxes

  • taxmOuth Minnesota Individual Income Taxes
  • Minnesota tax rates and brackets:

    5.35%> $0
    4%> $5,000
    5%> $10,000
  • Local Option IT Rate: None
  • Federal Inc used as Base?: Y
  • Standard Deductions: Single $5,450 / Joint $10,900
  • Personal Exemptions/Credits (c): Single $3,500 / Joint $7,000 / Dependent $3,500
  • Federal Tax Deductible?: N
  • State Tax Deductible?: Y
  • Alternative Minimum Tax (AMT)?: Y

Minnesota Estate, Gift and Inheritance Taxes

Minnesota Miscellaneous Taxes

Minnesota Pass-through Tax Treatment

Minnesota Payroll Taxes

Minnesota Property Taxes

  • taxmOuth Minnesota Property Taxes
  • Median Tax Paid on Homes (Rank): $2,019 (#19)
  • Median Value of Homes: $213,800
  • Tax as % of Home Value (Rank): 0.94% (#22)
  • Median Income of Homeowner: $69,515
  • Tax as % of Income (Rank): 2.90% (#21)

Minnesota Sales and Use Taxes

  • taxmOuth Minnesota Sales and Use Taxes
  • State Rate: 6.88%
  • County & City (Weighted Ave): 0.34%
  • Combined State and Ave. Local Rates (Rank): 7.22% (#14)
  • General Treatment of Services: Many Taxable
  • Gasoline: Exempt
  • Groceries: Exempt

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