Minnesota Income Tax Guide 2025
Minnesota Tax Brackets 2025
Minnesota uses a progressive tax system with rates varying based on income level and filing status. Here's what you need to know:
Sample Take-Home Pay Calculations for Minnesota
Here's what different salary levels look like after taxes in Minnesota(assuming single filing status and standard deductions):
| Gross Salary | Net Take-Home | Effective Tax Rate | Monthly Net |
|---|---|---|---|
| $40,000 | $32,764 | 18.09% | $2,730 |
| $50,000 | $40,186 | 19.63% | $3,349 |
| $60,000 | $47,541 | 20.76% | $3,962 |
| $75,000 | $57,249 | 23.67% | $4,771 |
| $100,000 | $73,136 | 26.86% | $6,095 |
| $125,000 | $88,704 | 29.04% | $7,392 |
| $150,000 | $103,829 | 30.78% | $8,652 |
| $200,000 | $135,984 | 32.01% | $11,332 |
Living in Minnesota: Tax Considerations
When considering employment or relocation to Minnesota, it's important to factor in the total tax burden, including:
- State income tax rates
- Local taxes (if applicable)
- Sales tax rates
- Property tax rates
- Cost of living index
Maximizing Your Take-Home Pay in Minnesota
- Contribute to tax-deferred retirement accounts (401k, IRA)
- Utilize Health Savings Accounts (HSA) if eligible
- Take advantage of Flexible Spending Accounts (FSA)
- Understand available state tax deductions and credits
- Consider the timing of income and deductions
Minnesota vs Other States
Compare your take-home pay in Minnesota with other states: