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.
For single filers:
For married couples filing jointly:
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.
Input your paycheck details and see how much you make after taxes and deductions.
Find out how much your bonus will be taxed.
Find out how much your gross pay should be for a specific take-home pay.
Compare your take home pay in different hourly scenarios.
Compare your take home pay in different salary scenarios.
See how increasing your 401k contributions will affect your paycheck and your retirement savings.
Determine your take home from tips after taxes
Calculate the impact of life events on your paycheck.
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.
Visit the Minnesota Payroll Guide page
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.