Instructions For Form M2 - Minnesota Income Tax For Estates And Trusts (Fiduciary) - 2017 Page 14
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142017 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
5,214
80,900
81,000
5,449
83,900
84,000
5,685
86,900
87,000
5,920
78,000
78,100
5,222
81,000
81,100
5,457
84,000
84,100
5,693
87,000
87,100
5,928
78,100
78,200
5,229
81,100
81,200
5,465
84,100
84,200
5,700
87,100
87,200
5,936
78,200
78,300
5,237
81,200
81,300
5,473
84,200
84,300
5,708
87,200
87,300
5,944
78,300
78,400
5,245
81,300
81,400
84,300
84,400
87,300
87,400
5,481
5,716
5,952
78,400
78,500
5,253
81,400
81,500
5,488
84,400
84,500
5,724
87,400
87,500
5,959
78,500
78,600
5,261
81,500
81,600
5,496
84,500
84,600
5,732
87,500
87,600
5,967
78,600
78,700
5,269
81,600
81,700
5,504
84,600
84,700
5,740
87,600
87,700
5,975
78,700
78,800
5,277
81,700
81,800
84,700
84,800
87,700
87,800
5,512
5,748
5,983
78,800
78,900
5,284
81,800
81,900
5,520
84,800
84,900
5,755
87,800
87,900
5,991
78,900
79,000
5,292
81,900
82,000
5,528
84,900
85,000
5,763
87,900
88,000
5,999
79,000
79,100
5,300
82,000
82,100
5,536
85,000
85,100
5,771
88,000
88,100
6,007
79,100
79,200
5,308
82,100
82,200
85,100
85,200
88,100
88,200
5,543
5,779
6,014
79,200
79,300
5,316
82,200
82,300
5,551
85,200
85,300
5,787
88,200
88,300
6,022
79,300
79,400
5,324
82,300
82,400
5,559
85,300
85,400
5,795
88,300
88,400
6,030
79,400
79,500
5,331
82,400
82,500
5,567
85,400
85,500
5,802
88,400
88,500
6,038
79,500
79,600
5,339
82,500
82,600
85,500
85,600
88,500
88,600
5,575
5,810
6,046
79,600
79,700
5,347
82,600
82,700
5,583
85,600
85,700
5,818
88,600
88,700
6,054
79,700
79,800
5,355
82,700
82,800
5,591
85,700
85,800
5,826
88,700
88,800
6,062
79,800
79,900
5,363
82,800
82,900
5,598
85,800
85,900
5,834
88,800
88,900
6,069
79,900
80,000
5,371
82,900
83,000
85,900
86,000
88,900
89,000
5,606
5,842
6,077
80,000
80,100
5,379
83,000
83,100
5,614
86,000
86,100
5,850
89,000
89,100
6,085
80,100
80,200
5,386
83,100
83,200
5,622
86,100
86,200
5,857
89,100
89,200
6,093
80,200
80,300
5,394
83,200
83,300
5,630
86,200
86,300
5,865
89,200
89,300
6,101
80,300
80,400
5,402
83,300
83,400
5,638
86,300
86,400
5,873
89,300
89,400
6,109
80,400
80,500
5,410
83,400
83,500
5,645
86,400
86,500
5,881
89,400
89,500
6,116
80,500
80,600
5,418
83,500
83,600
5,653
86,500
86,600
5,889
89,500
89,600
6,124
80,600
80,700
5,426
83,600
83,700
5,661
86,600
86,700
5,897
89,600
89,700
6,132
80,700
80,800
5,434
83,700
83,800
5,669
86,700
86,800
5,905
89,700
89,800
6,140
80,800
80,900
5,441
83,800
83,900
86,800
86,900
89,800
89,900
5,677
5,912
6,148
89,900
90,000
6,156
90,000 & over
Enter on line 10
If line 9 of Form M2
is:
of your Form M2:
of the
but not
amount over—
over—
over—
$0
$18,560
$0.00
5.35%
$0
18,560
73,730
992.96 + 7.05%
18,560
73,730
130,760
4,882.45 + 7.85%
73,730
130,760
9,359.31 + 9.85%
130,760
Common Problems Using Software Packages
If you use tax preparation software, be careful to buy packages acceptable to the Department of Revenue. Forms produced by the software
must meet requirements and be approved before being sold or provided to consumers.
If you are considering any company’s tax preparation software, 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 software before filing forms pre-
pared with it. We do not, however, approve the operation or accuracy of any software.
Below are common problems found on fiduciary returns submitted using software packages:
• Verify that the program uses updated tax tables. Tax tables are required to be updated every year for inflation. Be sure that the amount on
line 10 of your Form M2 is the same amount shown in the tax tables.
— Fiscal year filers must use the table based on the beginning year of the return.
— If you are an Electing Small Business Trust (ESBT), verify that the software package uses the tax table when determining the tax. The
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 software 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 software 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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