Minnesota Releases 2018 Income Tax Brackets
St Paul (KROC AM News) - The Minnesota Department of Revenue has released adjusted individual income tax brackets for tax year 2018.
According to the department, individual income tax brackets will increase 1.987 percent from tax year 2017 to reflect inflation.
2018 Minnesota Income Tax Brackets
| 5.35% Up To | 7.05% | 7.85% | 9.85% Over | ||||
| Married Joint | $ 37,850 | $37,851 - $150,380 | $150,381 - $266,700 | $266,700 | |||
| Married Separate | $ 18,930 | $18,931 - $ 75,190 | $ 75,191 - $133,350 | $133,350 | |||
| Single | $ 25,890 | $25,891 - $ 85,060 | $ 85,061 - $160,020 | $160,020 | |||
| Head of Household | $ 31,880 | $31,881 - $128,090 | $128,091 - $213,360 | $213,360 |
The department says taxpayers who make quarterly payments of estimated tax should use the new schedule to determine their payments, which are due starting in April 2018.
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