Revenue Department alters tax brackets for inflation

Minnesota’s tax brackets will expand next year to compensate for inflation.

The Revenue Department has announced the increase, mandated by law, so taxpayers are not pushed into higher income brackets just because of inflationary increases.

The percentage of income the state collects remains the same.

2011 Minnesota income brackets and rates for taxable income:

                                                                5.35%                    7.05%                                    7.85%

Married, filing jointly                    $0—$33,770       $33,771—$134,170          $134,171 & over

Married, filing separately             $0—$16,890       $16,891—$67,090             $67,091 & over

Head of household                         $0—$28,440       $28,441—$114,290          $114,291 & over

Single                                               $0—$23,100       $23,101—$75,890             $75,891 & over

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