Paycheck Calculator Mn

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Minnesota Paycheck Calculator

Weekly Bi-weekly (Every 2 weeks) Semi-monthly (Twice a month) Monthly
Single Married Filing Jointly Head of Household

Estimated Take-Home Pay

Gross Pay (per period): $0.00
Federal Income Tax: $0.00
Social Security (6.2%): $0.00
Medicare (1.45%): $0.00
Minnesota State Tax: $0.00
Pre-tax Deductions: $0.00
Net Take-Home Pay: $0.00
function calculateMNPaycheck() { var grossAnnual = parseFloat(document.getElementById('annualGross').value); var payFreq = parseFloat(document.getElementById('payFreq').value); var status = document.getElementById('filingStatus').value; var preTaxMonthly = parseFloat(document.getElementById('preTax').value) || 0; if (isNaN(grossAnnual) || grossAnnual <= 0) { alert("Please enter a valid annual salary."); return; } var annualPreTax = preTaxMonthly * 12; var taxableGross = grossAnnual – annualPreTax; if (taxableGross 168600) annualSocSec = 168600 * socSecRate; // 2024 Cap var annualMedicare = grossAnnual * medicareRate; // Federal Tax Estimation (2024 Brackets – Simplified) var fedStdDed = (status === 'married') ? 29200 : (status === 'head' ? 21900 : 14600); var fedTaxable = taxableGross – fedStdDed; if (fedTaxable 731200) annualFedTax = 186221 + (fedTaxable – 731200) * 0.37; else if (fedTaxable > 483900) annualFedTax = 105666 + (fedTaxable – 483900) * 0.35; else if (fedTaxable > 383900) annualFedTax = 73666 + (fedTaxable – 383900) * 0.32; else if (fedTaxable > 201050) annualFedTax = 29778 + (fedTaxable – 201050) * 0.24; else if (fedTaxable > 94300) annualFedTax = 10294 + (fedTaxable – 94300) * 0.22; else if (fedTaxable > 23200) annualFedTax = 2320 + (fedTaxable – 23200) * 0.12; else annualFedTax = fedTaxable * 0.10; } else { if (fedTaxable > 609350) annualFedTax = 168193 + (fedTaxable – 609350) * 0.37; else if (fedTaxable > 243725) annualFedTax = 54057 + (fedTaxable – 243725) * 0.35; else if (fedTaxable > 191950) annualFedTax = 38389 + (fedTaxable – 191950) * 0.32; else if (fedTaxable > 100525) annualFedTax = 16447 + (fedTaxable – 100525) * 0.24; else if (fedTaxable > 47150) annualFedTax = 5447 + (fedTaxable – 47150) * 0.22; else if (fedTaxable > 11600) annualFedTax = 1160 + (fedTaxable – 11600) * 0.12; else annualFedTax = fedTaxable * 0.10; } // Minnesota State Tax Estimation (2024 Brackets) // MN standard deduction approx $14,575 Single / $29,150 Married var mnStdDed = (status === 'married') ? 29150 : 14575; var mnTaxable = taxableGross – mnStdDed; if (mnTaxable 321760) annualMNStateTax = 20886.72 + (mnTaxable – 321760) * 0.0985; else if (mnTaxable > 175730) annualMNStateTax = 9413.35 + (mnTaxable – 175730) * 0.0785; else if (mnTaxable > 46330) annualMNStateTax = 591.31 + (mnTaxable – 46330) * 0.068; else annualMNStateTax = mnTaxable * 0.0535; } else { if (mnTaxable > 193240) annualMNStateTax = 12792.20 + (mnTaxable – 193240) * 0.0985; else if (mnTaxable > 104090) annualMNStateTax = 5794.43 + (mnTaxable – 104090) * 0.0785; else if (mnTaxable > 31690) annualMNStateTax = 1695.42 + (mnTaxable – 31690) * 0.068; else annualMNStateTax = mnTaxable * 0.0535; } // Convert annual values to per-period var grossPeriod = grossAnnual / payFreq; var fedTaxPeriod = annualFedTax / payFreq; var socSecPeriod = annualSocSec / payFreq; var medicarePeriod = annualMedicare / payFreq; var mnStateTaxPeriod = annualMNStateTax / payFreq; var preTaxPeriod = annualPreTax / payFreq; var netPayPeriod = grossPeriod – (fedTaxPeriod + socSecPeriod + medicarePeriod + mnStateTaxPeriod + preTaxPeriod); // Update Display document.getElementById('resGrossPeriod').innerText = "$" + grossPeriod.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resFedTax').innerText = "$" + fedTaxPeriod.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resSocSec').innerText = "$" + socSecPeriod.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resMedicare').innerText = "$" + medicarePeriod.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resMNStateTax').innerText = "$" + mnStateTaxPeriod.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resPreTax').innerText = "$" + preTaxPeriod.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resNetPay').innerText = "$" + netPayPeriod.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('mnResults').style.display = 'block'; }

Understanding Your Minnesota Paycheck

Living and working in the North Star State means navigating a specific set of tax laws. Minnesota is known for having a progressive income tax system, which means higher earners pay a higher percentage of their income in state taxes. Our Minnesota Paycheck Calculator is designed to help you estimate your take-home pay by accounting for federal taxes, FICA, and specific MN state tax brackets.

How Minnesota Income Tax Works

Unlike some states that have a flat tax rate, Minnesota uses four distinct tax brackets. For the 2024 tax year, these rates are:

  • 5.35% on the first tier of taxable income.
  • 6.80% on the second tier.
  • 7.85% on the third tier.
  • 9.85% for high-income earners in the top tier.

Minnesota also allows for a standard deduction that typically mirrors the federal standard deduction, helping to reduce your overall taxable income before the state rates are applied.

Key Deductions from Your MN Paycheck

When you look at your pay stub, several items are deducted before you receive your "net pay":

  1. Federal Income Tax: Determined by your filing status (Single, Married, etc.) and your earnings level.
  2. FICA Taxes: This includes Social Security (6.2%) and Medicare (1.45%). These are mandatory federal contributions.
  3. Minnesota State Withholding: The amount calculated based on the MN tax brackets mentioned above.
  4. Pre-tax Contributions: If you contribute to a 401(k), 403(b), or a Health Savings Account (HSA), these amounts are taken out before taxes are calculated, which actually lowers your total tax burden.

Example Calculation

Suppose you are a single filer in Minneapolis earning an annual salary of $70,000. You contribute $200 per month to your health insurance (pre-tax). Your calculation would look roughly like this:

  • Annual Gross: $70,000
  • Federal Standard Deduction: $14,600 (Taxable Federal: $53,000 approx)
  • Social Security/Medicare: ~$5,355
  • Estimated MN State Tax: ~$3,200
  • Estimated Take-Home (Bi-weekly): ~$1,950

Note: This calculator provides an estimate for educational purposes. Actual take-home pay may vary based on specific local taxes, additional withholdings, and year-to-year changes in tax law.

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