Income tax brackets for tax year 2013
The Minnesota Department of Revenue recently announced that the state's individual income tax brackets for tax year 2013 will expand by 2.57 percent. State law requires the department to adjust the brackets to compensate for increases in inflation.
Expanding the brackets prevents taxpayers from paying higher taxes solely because of inflationary increases in their income. Since tax year 2000, Minnesota's income tax brackets have expanded 38 percent as a result of inflation.
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