Skip to content

RESOURCES

Below are some links to federal and state forms and websites for your reference.

man writing on paper_web

Federal and State forms
and Revenue sites

IRS Website – https://www.irs.gov/

IRS Forms, Instructions & Publications – https://www.irs.gov/forms-instructions

MN Department of Revenue – https://www.revenue.state.mn.us/minnesota-department-revenue

W-2 (Wage & Tax Statement) – W-2 Form

W-4 (Employees Withholding Certificate) – W-4 From

W-9 (Request for Taxpayer ID and Certification) – W-9 Form

2024 Tax Table Ceilings and Limits

Individual Taxpayers

If taxable Income is Between:
The Tax Due Is:
0-$11,600
10% of taxable income
$11,061 – $47,150
$1,160 + 12% of the amount over $11,600
$47,151 – $100,525
$5,426 + 22% of the amount over $47,150
$100,526 – $191,950
$17,168.50 + 24% of the amount over $100,525
$191,951 – $243,725
$39,110.50 + 32% of the amount over $191,950
$243,726 – $609,350
$55,678.50 + 35% of the amount over $243,725
$609,351+
$183,647.25 + 37% of the amount over $609,350

Married Individuals Filing Joint Returns and Surviving Spouses

If taxable Income is Between:
The Tax Due Is:
0-$23,200
10% of taxable income
$23,201 – $94,300
$2,320 + 12% of the amount over $23,200
$94,301 – $201,050
$10,852 + 22% of the amount over $94,300
$201,051 – $383,900
$34,337 + 24% of the amount over $201,050
$383,901 – $487,450
$78,221 + 32% of the amount over $383,900
$487,451 – $731,200
$111,357 + 35% of the amount over $487,450
$731,201+
$196,669.50 + 37% of the amount over $731,200

Married Filing Separately

If taxable Income is Between:
The Tax Due Is:
0-$11,600
10% of taxable income
$11,601 – $47,150
$1,160 + 12% of the amount over $11,600
$47,151 – $100,525
$5,426 + 22% of the amount over $47,150
$100,526 – $191,950
$17,168.50 + 24% of the amount over $100,525
$191,951 – $243,725
$39,110.50 + 32% of the amount over $191,950
$243,726 – $365,600
$55,678.50 + 35% of the amount over $243,725
$365,601+
$98,334.75 + 37% of the amount over $365,600

Heads of Household

If taxable Income is Between:
The Tax Due Is:
0-$16,550
10% of taxable income
$16,551 – $63,100
$1,655 + 12% of the amount over $16,500
$63,101 – $100,500
$7,241 + 22% of the amount over $63,100
$100,501 – $191,950
$15,469 + 24% of the amount over $100,500
$191,951 – $243,700
$37,417 + 32% of the amount over $191,950
$243,701 – $609,350
$53,977 + 35% of the amount over $243,700
$609,350+
$181,954.50 + 37% of the amount over $609,350

Payroll Rates and Bases

Payroll rates and bases
2023
2024
Employee SS and Medicare
6.20% and 1.45%*
6.20% and 1.45%*
Employer SS and Medicare
6.20% and 1.45%
6.20% and 1.45%
Social Security wage limit
$160,200
$168,600
Medicare wage limit*
Unlimited
Unlimited
FUTA-taxable wage base
$7,000
$7,000
FUTA rate
6.00%
6.00%
FUTA maximum credit
5.40%
5.40%

*Withhold added Medicare tax of .9% on wages over $200,000

2024 Standard Deduction Amounts

Filing Status
Standard Deduction Amount
Single
$14,600
Married Filing Jointly & Surviving Spouses
$29,200
Married Filing Separately
$14,600
Heads of Household
$21,900

INTERESTED?

Click the button below to schedule a consultation or fill in the form below to request a quote!
We will get back to you as soon as possible.