Minnesota's income tax return is due the same date as the federal tax return is due - April 15th.
• Lists basic Minnesota state tax information
• Links to the major Minnesota income tax forms
• Shows you how you can save time and money by e-filing
If you use H&R Block to file your federal tax forms, you can also file your local and state taxes at the same time by simply transferring all the information you already submitted to the IRS.
H&R Block helps you take advantage of all possible credits and deductions that you might otherwise miss, thus ensuring the largest possible refund. You'll save time, avoid costly errors, and get your your state refund (which may be substantial) much faster than if you mail a paper return.
Tax Rate Range: Low - 5.35%; High - 7.85%
Income Brackets*: Lowest - $20,510; Highest - $67,360
Number of Brackets: 3
Personal Exemptions: Single - $3,300; Married - $6,600; Dependents - $3,300
Standard Deduction: Federal Amount
Medical/Dental Deduction: Federal amount
Federal Income Tax Deduction: None
*Note:The tax brackets reported are for single filers. For married taxpayers filing jointly, the same rates apply to income brackets ranging from $27,350 to $108,660.
When you file your Minnesota tax return, the filing status you used for your federal return must also be used by your state return. There are no exceptions to this rule.
In the same vein, if you itemize your tax deductions on your federal return, you must also itemize on your state tax return. Also, if you take the standard deduction on one, you must also take the standard deduction on the other.
Although Minnesota allows no additional tax deduction besides the standard or itemized deductions, the state does allow numerous state tax credits. Some of the more common ones are listed below but you can also obtain a full listing of the credits on the Minnesota state tax website.
Common Minnesota tax credits:
• Child and dependent care credit
• K-12 Education Credit
• Credit for taxes paid to another state
• Credit for long term care insurance premiums
Since retirement income is taxable to the state of which you are a resident, you must report any retirement income received from another state on your Minnesota state tax return.
Capital gains are to be reported on your state tax return and taxed at the same rate as the rest of your income.
Finally as a nonresident of Minnesota, you still have to file a Minnesota tax return if you earn wages of more than $7,000 from a Minnesota source.
You can work on your Minnesota tax return online while filing your federal return (you can work on it for free, and pay nothing until you are ready to file)
Note: if you are filing more than one state return, you must file a paper return for each additional state, as H&R Block for The Web only allows one state prep.
The main Minnesota tax forms are:
Form M-1 | 2014 Minnesota Individual Income Tax Return
Schedule M1CD | Child and Dependent Care Credit
Schedule M1Ed | K-12 Education Credit
Schedule M1MT | Alternative Minimum Tax
If you need Minnesota income tax forms that are not listed here, you can download them from the Minnesota tax forms site.
Or, just simply e-file!
If you need help with your federal tax return, start with our basic guide to tax filing.
For additional help with filing MN income tax returns, see the official site of the Minnesota Department of Revenue.