ST. PAUL, Minn. – The Minnesota Department of
Revenue announced the adjusted 2018 individual income tax brackets. For tax
year 2018, the state’s individual income tax brackets will change by 1.987
percent from tax year 2017. This annual adjustment will prevent taxpayers from
paying taxes at a higher rate solely because of inflationary changes in their
income.
Indexing for inflation of individual income tax brackets is
required by law and first began in 1979. The brackets are adjusted annually by
an inflation factor, rounded to the nearest $10, based on the change in the U.S.
Consumer Price Index for all urban consumers. The
adjustment does not change the Minnesota tax rate that applies to each income
bracket.
The brackets apply to tax year 2018. Taxpayers who make quarterly
payments of estimated tax should use the following rate schedule to determine
their payments, which are due starting in April 2018.
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
|
