USA State Taxes
MINNESOTA (MN)
STATE INCOME TAX (SIT)
| Description | Amount | Effective Date | Website | Deposit Method / Frequency / Threshold | Forms |
|---|---|---|---|---|---|
| Wage Withholding | Tables |
Department of Revenue - Withholding Taxes
|
Most Employers are required to deposit Quarterly - Tied-To-Fed EFT Semiweekly & Monthly- More than $1,500 in previous quarter.
Register, file and pay at |
Forms, Instruction Booklet and Tax Tables
See Workshop A for Quarterly and Workshop B for Annual in Instruction Booklet
Use Federal W4 and Withholding Allowance Certificate - W-4MN |
|
| Supplemental Wage / Bonus Rate | 6.25% |
| Notes: | If you have an active Minnesota tax ID number that is registered for Withholding Tax, you must file a return for each quarter even if you deposited all tax withheld or did not withhold tax during the quarter. Reciprocal Agreements with Michigan and North Dakota (use Form MWR). |
STATE UNEMPLOYMENT INSURANCE (SUI)
| Description | Amount | Effective Date | Website | Deposit Method / Frequency / Threshold | Forms |
|---|---|---|---|---|---|
| Maximum Taxable Earnings | $42,000 | Increased from $40,000 in 2023 |
Employment and Economic Development
|
Quarterly - EFT
|
|
| Employee Deduction | None | ||||
|
Employer Tax Rate (Includes 0.10% base rate) |
0.10 - 9.0% | 2024 | |||
|
New Employment Rate (Includes 0.10% base rate) |
Based on Industry Average | 2024 | |||
| Voluntary Contribution Permitted | Yes |
NEW HIRE REPORTING
| Website | Frequency / Method | Forms |
|---|---|---|
| New Hire |
Same as federal requirements.
|
WEBSITES
Disclaimer: This information is for reference only. To ensure accurate set up, we highly recommend that the information is verified with the applicable federal and state/provincial agencies. TimeTrex makes no claims, guarantees, or promises about the accuracy, current status, or completeness of the information provided. In no event shall TimeTrex be liable for any errors or omissions with respect to any resource information.
Last updated Jan 2024