Section Description Tax Year 2021 Amount 270A.03, Subd. 5 Debtor Exemption Income Threshold Unmarried debtor $13,640 Debtor with one dependent $17,460 Debtor with two dependents $20,660 Debtor with three dependents $23,430 Debtor with four dependents $24,710 Debtor with five dependents $25,770 290.0121, Subd. 1 Dependent Exemption $4,350 290.0121, Subd. 2 Disallowed Exemption Amount Married Joint or Surviving Spouse $299,750 Head of Household $249,800 Single $199,850 290.0122, Subd. 2 Itemized Deduction Limitation Married Separate $99,925 All other Filers $199,850 290.0123, Subd. 1 Standard Deduction Married Joint or Surviving Spouse $25,050 Head of Household $18,800 Single; Married Separate $12,525 290.0123, Subd. 2 Additional Standard Deduction for Aged or Blind Married or Surviving Spouse $1,300 Single $1,650 290.0123, Subd. 3 Standard Deduction for Dependents Minimum Deduction $1,100 Additional Deduction over Earned Income $350 290.0123, Subd. 5 Standard Deduction Limitation Married Separate $99,925 All other Filers $199,850 Tax Year 2021 Inflation-Adjusted Amounts In Minnesota Statutes As required by Minnesota Statutes 270C.22, Subd. 2, the following table provides the dollar amounts specified in Minnesota Statutes after adjusting for inflation. All income tax amounts are for tax year 2021. Property tax refund amounts are for tax year 2020.

Section Description Tax Year 2021 Amount 290.0132, Subd. 26 Social Security Subtraction Maximum Subtraction Married Joint or Surviving Spouse $5,290 Single, Head of Household $4,130 Phase-out Threshold Married Joint or Surviving Spouse $80,270 Single; Head of Household $62,710 290.06, Subd. 2d Income Tax Brackets Married Joint or Surviving Spouse 2nd Bracket Threshold $39,810 3rd Bracket Threshold $158,140 4th Bracket Threshold $276,200 Married Separate 2nd Bracket Threshold $19,905 3rd Bracket Threshold $79,070 4th Bracket Threshold $138,100 Single 2nd Bracket Threshold $27,230 3rd Bracket Threshold $89,440 4th Bracket Threshold $166,040 Head of Household 2nd Bracket Threshold $33,520 3rd Bracket Threshold $134,700 4th Bracket Threshold $220,730 290.067, Subd. 1 Dependent Care Credit Phase-out Threshold $53,630 290.0671, Subd. 1 Working Family Credit Earned Income for Maximum Credit No Qualifying Children $7,340 One Qualifying Child $12,270 Two Qualifying Children $20,120 Three or More Qualifying Children $20,530 Phase-out Threshold Married Joint with No Qualifying Children $14,960 All Others with No Qualifying Children $8,960 Married Joint with One Qualifying Child $29,380 All Others with One Qualifying Child $23,380

Section Description Tax Year 2021 Amount Married Joint with Two Qualifying Children $33,720 All Others with Two Qualifying Children $27,720 Married Joint with Three or More Qualifying Children $34,030 All Others with Three or More Qualifying Children $28,030 290.0684, Subd. 2 Section 529 Plan Credit 1st Phase-out Threshold $80,430 2nd Phase-out Threshold $144,780 290.091, Subd. 3 AMT Exemption Married Joint $79,660 Married Separate $39,840 Single; Head of Household $59,750 290.0922, Subd. 1 Corporate Minimum Fee 2nd Bracket Threshold $1,050,000 3rd Bracket Threshold $2,090,000 4th Bracket Threshold $10,480,000 5th Bracket Threshold $20,960,000 6th Bracket Threshold $41,910,000 2nd Bracket Fee $220 3rd Bracket Fee $630 4th Bracket Fee $2,090 5th Bracket Fee $4,200 6th Bracket Fee $10,480

290A.04, Subd. 2 Homeowners; Homestead Credit Refund Schedule for 2020 Percent of Income Percent Paid by Claimant Maximum State Refund $0 - $1,789 1.0% 15% $2,840 $1,790 - $3,549 1.1% 15% $2,840 $3,550 - $5,379 1.2% 15% $2,840 $5,380 - $7,179 1.3% 20% $2,840 $7,180 - $8,949 1.4% 20% $2,840 $8,950 - $12,549 1.5% 20% $2,840 $12,550 - $14,319 1.6% 20% $2,840 $14,320 - $16,129 1.7% 20% $2,840 $16,130 - $17,919 1.8% 20% $2,840 $17,920 - $19,689 1.9% 25% $2,840 $19,690 - $25,079 2.0% 25% $2,840 $25,080 - $26,869 2.0% 30% $2,840 $26,870 - $30,459 2.0% 30% $2,840 $30,460 - $42,979 2.0% 35% $2,840 $42,980 - $62,679 2.0% 35% $2,300 $62,680 - $71,639 2.0% 40% $2,010 $71,640 - $80,599 2.1% 40% $1,660 $80,600 - $89,549 2.2% 40% $1,490 $89,550 - $98,509 2.3% 40% $1,300 $98,510 - $103,889 2.4% 45% $1,100 $103,890 - $107,489 2.5% 45% $910 $107,490 - $111,829 2.5% 50% $750 $111,830 - $116,179 2.5% 50% $550 $116,180 & up Not Eligible Tax Year 2020 Property Tax Refund Amounts Household Income

290A.04, Subd. 2a Renters; Property Tax Refund Schedule for 2020 Percent of Income Percent Paid by Claimant Maximum State Refund $0 - $5,409 1.0% 5% $2,210 $5,410 - $7,189 1.0% 10% $2,210 $7,190 - $8,979 1.1% 10% $2,150 $8,980 - $12,599 1.2% 10% $2,090 $12,600 - $16,199 1.3% 15% $2,030 $16,200 - $17,989 1.4% 15% $1,980 $17,990 - $19,779 1.4% 20% $1,930 $19,780 - $23,389 1.5% 20% $1,870 $23,390 - $25,189 1.6% 20% $1,820 $25,190 - $26,979 1.7% 25% $1,820 $26,980 - $30,589 1.8% 25% $1,820 $30,590 - $32,369 1.9% 30% $1,820 $32,370 - $37,769 2.0% 30% $1,820 $37,770 - $43,159 2.0% 35% $1,820 $43,160 - $50,369 2.0% 40% $1,820 $50,370 - $52,159 2.0% 45% $1,650 $52,160 - $53,969 2.0% 45% $1,490 $53,970 - $55,769 2.0% 45% $1,260 $55,770 - $57,559 2.0% 50% $1,100 $57,560 - $59,369 2.0% 50% $1,000 $59,370 - $61,159 2.0% 50% $550 $61,160 - $62,959 2.0% 50% $220 $62,960 & up Not Eligible 290A.03, Subd. 12 Gross Rent Nursing Home Resident $510 Adult Foster Care Home Resident $800 December 8, 2020 Tax Research Division Minnesota Department of Revenue Household Income