Minnesota employs a graduated income tax system with rates ranging from 5.35% to 9.85%, which can significantly impact your net income based on your earnings level. While more complex than some other states, Minnesota's tax code includes various deductions and exemptions that affect your paycheck.
Minnesota Income Tax Highlights
For single filers:
- 5.35% on taxable income up to $30,070
- 6.80% on taxable income from $30,071 to $98,760
- 7.85% on taxable income from $98,761 to $183,340
- 9.85% on taxable income over $183,340
For married couples filing jointly:
- 5.35% on taxable income up to $43,950
- 6.80% on taxable income from $43,951 to $174,610
- 7.85% on taxable income from $174,611 to $304,970
- 9.85% on taxable income over $304,970
These rates apply to residents on all sources of income and to non-residents on Minnesota-sourced income. The state allows for certain deductions and credits that can affect your taxable income.
Minnesota Calculators & Tools
Calculate Your Take-Home Pay
Input your income details and see how much you make after taxes and deductions.
Bonus Calculators
Find out how much your bonus will be taxed.
Net-to-Gross
Find out how much your gross pay should be for a specific take-home pay.
Withholding Forms
Specialty Calculators
Dual Scenario Hourly
Compare your take home pay in different hourly scenarios.
Dual Scenario Salary
Compare your take home pay in different salary scenarios.
401k Calculator
See how increasing your 401k contributions will affect your paycheck and your retirement savings.
Tax Tip Calculator
Determine your take home from tips after taxes
Key Points to remember about the Minnesota Paycheck Structure
- Progressive tax system with four brackets
- Standard deduction of $13,850 for single filers and $27,700 for married couples filing jointly (2023 figures)
- Personal and dependent exemptions have been eliminated
- No local income taxes
- Minnesota partially taxes Social Security benefits based on income levels
Understanding these aspects of Minnesota's tax landscape is crucial for accurately estimating your net income and managing your finances effectively in the North Star State. While Minnesota's tax system is more complex than some states, it's important to consider the various deductions and credits available to optimize your tax situation.
Learn more about the Payroll Process in Minnesota
Visit the Minnesota Payroll Guide page
Fun Facts
The Land of 10,000 Lakes, Minnesota is known for its cold winters and outdoor activities like fishing and skiing. The state is home to the Mall of America, the largest shopping mall in the U.S. Minneapolis-St. Paul is a major cultural and business center.