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For details about these changes, see Withholding Tax Fact Sheets 2 and 2a on our website at www.revenue.state.mn.us. Register for a Minnesota Tax ID Number You must register to file withholding tax if any of these apply:
Minnesota Withholding Tax is state income tax you as an employer take out of your employees’ wages. You then send this money as deposits to the Minnesota Department of Revenue and file withholding tax returns.
Discover the Minnesota tax tables for 2024, including tax rates and income thresholds. Stay informed about tax regulations and calculations in Minnesota in 2024.
Tax Withholding. Changes in Federal, Minnesota, and some other States tax tables will be effective on this paycheck. The amount of Federal and State withholding for any employee may increase or decrease depending on the employee’s amount of taxable gross pay. The Federal supplemental tax rate remains unchanged at 22%.
The Minnesota payroll calculator at the top of this page makes it easy to pay employees. Simply grab each employee’s W-4 and wage information and enter them into our handy payroll withholding calculator.
These tables outline Minnesota’s tax rates and brackets for tax year 2024. If you pay estimated taxes, use this information to plan and pay taxes beginning in April 2024. (Review a full list of inflation adjustments for tax year 2024.)
How much will Minnesota tax paychecks in 2024? Minnesota employs a progressive tax system with rates ranging from 5.35% to 9.85%. Your tax brackets depend on your filing status and taxable income.