Minnesota HF154 modifies the first tier income tax rates for individuals, estates, and trusts.

Minnesota HF154 amends the state's individual income tax rates, introducing new brackets and rates for different filing statuses. For married individuals filing jointly, the bill sets rates of 5.35% for income up to $38,770, 6.8% for income between $38,770 and $154,020, 7.85% for income between $154,020 and $269,010, and 9.85% for income over $269,010. Unmarried individuals and heads of household face rates of 5.35% for income up to $26,520, 6.8% for income between $26,520 and $87,110, 7.85% for income between $87,110 and $161,720, and 9.85% for income over $161,720.

Minnesota HF154 modifies the first tier income tax rates for individuals, estates, and trusts.

Minnesota HF154 amends the state's individual income tax rates, introducing new brackets and rates for different filing statuses. For married individuals filing jointly, the bill sets rates of 5.35% for income up to $38,770, 6.8% for income between $38,770 and $154,020, 7.85% for income between $154,020 and $269,010, and 9.85% for income over $269,010. Unmarried individuals and heads of household face rates of 5.35% for income up to $26,520, 6.8% for income between $26,520 and $87,110, 7.85% for income between $87,110 and $161,720, and 9.85% for income over $161,720.