2014 Minnesota Income Tax For Estates And Trusts (Fiduciary) Form M2 Instructions - Department Of Revenue Page 14
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152014 Tax Table
(continued)
If line 9 of Form M2 is:
If line 9 of Form M2 is:
If line 9 of Form M2 is:
If line 9 of Form M2 is:
but
but
but
but
at least
your tax is:
at least
your tax is:
at least
your tax is:
at least
your tax is:
less than
less than
less than
less than
77,900
78,000
5,239
80,900
81,000
5,474
83,900
84,000
5,710
86,900
87,000
5,945
78,000
78,100
5,247
81,000
81,100
5,482
84,000
84,100
5,718
87,000
87,100
5,953
78,100
78,200
5,255
81,100
81,200
5,490
84,100
84,200
5,726
87,100
87,200
5,961
78,200
78,300
5,263
81,200
81,300
5,498
84,200
84,300
5,734
87,200
87,300
5,969
78,300
78,400
5,270
81,300
81,400
5,506
84,300
84,400
5,741
87,300
87,400
5,977
78,400
78,500
5,278
81,400
81,500
5,514
84,400
84,500
5,749
87,400
87,500
5,985
78,500
78,600
5,286
81,500
81,600
5,522
84,500
84,600
5,757
87,500
87,600
5,993
78,600
78,700
5,294
81,600
81,700
5,529
84,600
84,700
5,765
87,600
87,700
6,000
78,700
78,800
5,302
81,700
81,800
5,537
84,700
84,800
5,773
87,700
87,800
6,008
78,800
78,900
5,310
81,800
81,900
5,545
84,800
84,900
5,781
87,800
87,900
6,016
78,900
79,000
5,317
81,900
82,000
5,553
84,900
85,000
5,788
87,900
88,000
6,024
79,000
79,100
5,325
82,000
82,100
5,561
85,000
85,100
5,796
88,000
88,100
6,032
79,100
79,200
5,333
82,100
82,200
5,569
85,100
85,200
5,804
88,100
88,200
6,040
79,200
79,300
5,341
82,200
82,300
5,577
85,200
85,300
5,812
88,200
88,300
6,048
79,300
79,400
5,349
82,300
82,400
5,584
85,300
85,400
5,820
88,300
88,400
6,055
79,400
79,500
5,357
82,400
82,500
5,592
85,400
85,500
5,828
88,400
88,500
6,063
79,500
79,600
5,365
82,500
82,600
5,600
85,500
85,600
5,836
88,500
88,600
6,071
79,600
79,700
5,372
82,600
82,700
5,608
85,600
85,700
5,843
88,600
88,700
6,079
79,700
79,800
5,380
82,700
82,800
5,616
85,700
85,800
5,851
88,700
88,800
6,087
79,800
79,900
5,388
82,800
82,900
5,624
85,800
85,900
5,859
88,800
88,900
6,095
79,900
80,000
5,396
82,900
83,000
5,631
85,900
86,000
5,867
88,900
89,000
6,102
80,000
80,100
5,404
83,000
83,100
5,639
86,000
86,100
5,875
89,000
89,100
6,110
80,100
80,200
5,412
83,100
83,200
5,647
86,100
86,200
5,883
89,100
89,200
6,118
80,200
80,300
5,420
83,200
83,300
5,655
86,200
86,300
5,891
89,200
89,300
6,126
80,300
80,400
5,427
83,300
83,400
5,663
86,300
86,400
5,898
89,300
89,400
6,134
80,400
80,500
5,435
83,400
83,500
5,671
86,400
86,500
5,906
89,400
89,500
6,142
80,500
80,600
5,443
83,500
83,600
5,679
86,500
86,600
5,914
89,500
89,600
6,150
80,600
80,700
5,451
83,600
83,700
5,686
86,600
86,700
5,922
89,600
89,700
6,157
80,700
80,800
5,459
83,700
83,800
5,694
86,700
86,800
5,930
89,700
89,800
6,165
80,800
80,900
5,467
83,800
83,900
5,702
86,800
86,900
5,938
89,800
89,900
6,173
89,900
90,000
6,181
90,000 & over
If line 9 of Form M2
Enter on line 10
is:
of your Form M2:
of the
but not
amount over—
over—
over—
$
0
$18,040
- - - - - -
5.35%
$
0
18,040
71,680
$ 965.14 + 7.05%
18,040
71,680
127,120
4,746.76 + 7.85%
71,680
127,120
- - - - - - - -
9,098.80 + 9.85%
127,120
Common Problems Using Software Packages
If you use tax preparation soft ware, be careful to buy packages acceptable to the Department of Revenue. Forms produced by the soft ware must
meet requirements and be approved before being sold or provided to consumers.
If you are considering any company’s tax preparation soft ware, ask to see the vendor’s approval letter for the forms you will be using. Keep in
mind that we usually won’t know if they are approved until late January. It is also important to test the soft ware before fi ling forms prepared
with it. We do not, however, approve the operation or accuracy of any soft ware.
Below are common problems found on fi duciary returns submitted using soft ware packages:
• Verify that the program uses updated tax tables. Tax tables are required to be updated every year for infl ation. Be sure that the amount
on line 9 of your Form M2 is the same amount shown in the tax tables.
— Fiscal year fi lers must use the table based on the beginning year of the return.
— If you are an Electing Small Business Trust (ESBT), verify that the soft ware package uses the tax table when determining the tax. Th e
ESBT is taxed at the highest tax rate only for federal purposes.
• Look for a payment voucher if you have tax due on line 20 of Form M2. If you owe tax, your soft ware package is required to include a
payment voucher when you print out a copy of your return. If you are paying your tax by check, you must complete and send this payment
voucher with your check to ensure your payment is credited properly.
• Verify that estimated tax payments were made. Some soft ware programs may insert the amount of estimated tax payments that should
14
have been paid, not the amount of tax actually paid.
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