2023 Minnesota Income Tax Brackets & Rates
Minnesota taxes a single filer's taxable income at 4 rates for tax year 2023, from 5.35% on the first $30,070 to 9.85% above $183,340. These figures are provisional, last checked 2026-07-31.
Federal and state tax brackets, capital gains rates, and corporate tax rates for Minnesota in tax year 2023.
Federal Income Tax Brackets (2023)
| From | To | Rate |
|---|---|---|
| $0 | $11,000 | 10.00% |
| $11,000 | $44,725 | 12.00% |
| $44,725 | $95,375 | 22.00% |
| $95,375 | $182,100 | 24.00% |
| $182,100 | $231,250 | 32.00% |
| $231,250 | $578,125 | 35.00% |
| $578,125 | No limit | 37.00% |
Minnesota State Income Tax Brackets (2023)
| From | To | Rate |
|---|---|---|
| $0 | $30,070 | 5.35% |
| $30,070 | $98,760 | 6.80% |
| $98,760 | $183,340 | 7.85% |
| $183,340 | No limit | 9.85% |
Federal Capital Gains Tax Brackets (2023)
| From | To | Rate |
|---|---|---|
| $0 | $44,625 | 0.00% |
| $44,625 | $492,300 | 15.00% |
| $492,300 | No limit | 20.00% |
Additional Information
- Federal Corporate Tax Rate
- 21.00%
- State Corporate Tax Rate
- 9.80%
- Federal Standard Deduction (Single)
- $13,850
Common questions
- Does Minnesota have an income tax in 2023?
- Yes. Minnesota taxes a single filer's taxable income at 4 rates for tax year 2023, from 5.35% on the first $30,070 to 9.85% above $183,340.
- What is the top Minnesota income tax rate for 2023?
- 9.85%, on a single filer's taxable income above $183,340.
- Are the 2023 Minnesota income tax figures final?
- Not yet. They are provisional, last checked 2026-07-31, and will be confirmed against the final published schedule.
Sources & Trust
Every figure above is traceable to a published source. Each source is rated by what published it, not by how confident we feel about it.
Federal (United States) — 2023
OfficialValues verified- Rate bracketsNot separately cited
- Standard deductionNot separately cited
- Capital gainsNot separately cited
- Corporate rateNot separately cited
No source is recorded for this entry. Treat the figures as directional and verify them against the jurisdiction’s own publication before relying on them.
How we rate sources — tiers are derived from what published the document, not from our confidence in it.
Minnesota — 2023
ProvisionalValues verifiedTY2023 standard deduction $13,825 is a lower-confidence review figure. Confirm against the 2023 M1 instructions.
- Rate bracketsNot separately cited
- Standard deductionNot separately cited
- Capital gainsNot separately cited
- Corporate rateNot separately cited
No source is recorded for this entry. Treat the figures as directional and verify them against the jurisdiction’s own publication before relying on them.
How we rate sources — tiers are derived from what published the document, not from our confidence in it.