Estimate your take-home pay after federal and Minnesota state taxes.
Weekly
Bi-weekly
Semi-monthly
Monthly
Single
Married Filing Jointly
Gross Pay (Per Period):
Federal Income Tax:
FICA (Soc Sec + Medicare):
Minnesota State Tax:
Estimated Net Pay:
Understanding Minnesota Payroll Taxes
Calculating your net pay in Minnesota involves several layers of taxation. As a "North Star State" resident, you are subject to federal income taxes, FICA taxes, and one of the highest state income tax structures in the Midwest.
Federal Income Tax and FICA
Regardless of where you live in the US, federal taxes apply. FICA consists of two parts: Social Security (6.2%) and Medicare (1.45%), totaling 7.65% on earnings up to the annual wage base limit. Federal income tax is progressive, meaning higher portions of your income are taxed at higher rates (ranging from 10% to 37%).
Minnesota State Income Tax Brackets
Minnesota uses a progressive tax system with four brackets. For the 2024 tax year, the rates are:
5.35%: On the first tier of taxable income.
7.05%: On the second tier.
7.85%: On the third tier.
9.85%: On income above the highest threshold.
Real-World Example
Suppose you earn $75,000 annually in Minneapolis, filing as Single.
FICA: Approximately $5,738 per year.
Federal Tax: Estimated at $7,600 (after standard deduction).
MN State Tax: Estimated at $3,600.
Net Annual Pay: Approximately $58,062, or $2,233 bi-weekly.
Pre-Tax Deductions
You can lower your tax burden by contributing to pre-tax accounts. Common examples in Minnesota include 401(k) retirement plans, 403(b) plans for educators, and Health Savings Accounts (HSA). These amounts are subtracted from your gross pay before tax percentages are applied.