2024 Income Tax Brackets. Your taxable income is your income after various deductions, credits, and exemptions have been. If you make $70,000 a year living in minnesota you will be taxed $11,136.

Find out your 2024 federal income tax bracket with user friendly irs tax tables for married individuals filing joint returns, heads of households, unmarried individuals, married. The withholding tax rate on mutual fund income for resident individuals has been set at 10%.however, if the annual income from mutual funds exceeds rs.