![]() ![]() ![]() Includes 5 percent surtax as prescribed by Minnesota Statutes 168.013 subd 14. Minnesota’s income tax is a graduated tax, with four rates: 5.35 percent, 7.05 percent, 7.85 percent, and 9.85 percent. Latest Legislative Action: In 2013, a number of powerful Minnesota legislators, including the majority leaders in both Houses, introduced a proposal to create a Child Tax Credit of $100 for each child that would begin phasing out for families above 300% of the poverty line and would be unavailable to families above 400%.
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