Minnesota State Tax Help and Forms

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Minnesota State Tax Help and Forms (Subscribe)

Minnesota tax help, forms and answers to thousands of Minnesota tax questions. Handy summary of all Minnesota taxes, 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).

**Minnesota State Tax Summary (TaxGrams ™)**

Corporate Taxes *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 Credits and Incentives *Job Credits?:* Y *R&D Credits?:* Y *Investment Credits?:* N Individual Taxes *Rates & 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 Inheritance, Gift, Estate, Death Taxes *Gift Tax?:* N *Estate Tax?:* Copies Federal *Inheritance Tax?:* N *Generation-Skipping Tax?:* N Miscellaneous Taxes *Gas Tax:* 22.0 cents/gallon *Diesel Tax:* 22.0 cents/gallon *Cigarette Tax:* 150.4 cents/20 pack Pass-through Entities *LLC Pass-through Recognized?:* Y *S-Corp Pass-through Recognized?:* Y Payroll Taxes *Unemployment Insurance Tax Index (TaxFoundation.org):* #38 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) 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 *Gas Exemption:* Exempt *Grocery Exemption:* Exempt