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For those taking the standard deduction or the dependent exemption at the state level, Minnesota has calculated those amounts for 2022 as follows: Married Filing Joint standard deduction - $25,800. Married Filing Separate standard deduction - $12,900. Single standard deduction - $12,900.
Before you make any taxable sales in Minnesota, you must register for a Minnesota Tax ID Number and a Sales and Use Tax account. If you need a Minnesota Tax ID Number, you can apply: Online Go to Business Tax Registration. By phone Call 651-282-5225 or 1-800-657-3605 (toll-free)
For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are: $1,850 for single or head of household.
2022 vs. 2023 Standard Deduction Filing StatusStandard Deduction 2022Standard Deduction 2023 Single $12,950 $13,850 Married, Filing jointly $25,900 $27,700 Married, Filing separately $12,950 $13,850 Head of Household $19,400 $20,800
15-540, Standard Deduction $27,650 for married couples filing join returns; $13,825 for singles; and. $20,800 heads of households.
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You have three options for filing and paying your Minnesota sales tax: File online File online at the Minnesota Department of Revenue. You can remit your payment through their online system. File by phone Call 1-800- 570-3329 to file by touch-tone phone. AutoFile Let TaxJar file your sales tax for you.
To file online, go to .revenue.state.mn.us and enter Individual Use Tax into the Search box. Then, select Individual Use Tax Return Online Filing System. Follow the prompts to file your return. Form UT1 and Sales Tax Fact Sheet 156 are available on our website or by calling 651-296-6181 or 1-800-657-3777.
Minnesotas income tax is a graduated tax, with four rates: 5.35 percent, 7.05 percent, 7.85 percent, and 9.85 percent. The rates are applied to income brackets that vary by filing status.
Examples of taxable sales: Batteries. Candy and gum. Dietary supplements. Equipment sales or rentals. Jewelry and watches. Office supplies. Pet food.
Currently, combined sales tax rates in Minnesota range from 6.875 percent to 8.375 percent, depending on the location of the sale. As a business owner selling taxable goods or services, you act as an agent of the state of Minnesota by collecting tax from purchasers and passing it along to the appropriate tax authority.