ST. PAUL, Minn. (FOX 9) - Minnesota’s Department of Revenue has announced the adjusted 2025 individual income tax brackets that will affect what you could pay beginning next year. What we know ...

Nationally, only six states plus the District of Columbia reserve the lowest overall tax rates for low-income taxpayers. Minnesota’s tiered income tax rates, and tax structure reduces inequality ...

“We are encouraging the Legislature to reduce all four personal income-tax rates by three-tenths to five-tenths of 1 percent to start on a gradual path of getting Minnesota out of the top five ...

Minnesota had a historic surplus of nearly $19 billion. Yet instead of using that windfall to deliver lasting relief to the taxpayers who helped create it, DFL legislators pushed through a massive ...

Tax brackets in the U.S. are progressive, ensuring higher earners pay more. Your actual tax rate only applies to income within specified bracket ranges. Deductions and credits can significantly ...

RALs often charge very high interest rates and reduce a taxpayer’s refund. Other tax reminders Tax reciprocity: The income tax reciprocity agreement between Minnesota and Wisconsin was ...

Minnesota passed legislation last year that enacted a new state child tax credit worth up to $1,750 per qualifying child. Eligible Minnesotians can claim the new credit when they file their 2023 ...