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MN UPDATED INCOME TAX BRACKETS/STANDARD DEDUCTION&DEPENDENT AMOUNTS FOR 2024

The Minnesota Department of Revenue announced the adjusted 2024 individual income tax brackets. For tax year 2024, the state’s income tax brackets will change by 5.376 percent from tax year 2023. This annual adjustment will prevent taxpayers from paying taxes at a higher rate solely because of inflationary changes in their income.        […]

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