Minnesota HF300 reduces income tax rates for all filers.
Minnesota HF300 reduces all income tax rates for married individuals filing jointly, married filing separately, estates, trusts, unmarried individuals, and heads of household. The bill adjusts the tax brackets and rates, effective for taxable years beginning after December 31, 2025. The new rates range from 5.225% to 9.725% depending on income level and filing status.
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