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Form 1099-H Minneapolis Minnesota: What You Should Know

Employees of Minnesota Public Employees' Retirement System (MEPs). Additional Exemptions | Minnesota Department of Revenue Tax Exemptions — Taxpayers may be exempt from federal income tax. Minnesota Personal and Business Taxes Individual Income Taxes — Minnesota Individual Income Tax Rates Single Individuals: 2.49% Married Individuals filing joint return: 0% Additional Rates The Minnesota Individual Income tax is computed on tax return. Tax Rate on 1% of net household income. 0% in 2025 | Federal Tax Rate on 1% of net household income | State Tax Rate on 1% of net household income The federal and Minnesota state income taxes are calculated on the same schedule. Additional Income Tax Credit for Minnesota has a maximum tax credit per individual that can be claimed to decrease taxes as low as 10.

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