Income Tax Calculator Minnesota

The mn tax calculator calculates federal taxes where applicable medicare pensions plans fica etc allow for single joint and head of household filing in mns.

Income tax calculator minnesota. If you make 55 000 a year living in the region of minnesota usa you will be taxed 12 169 that means that your net pay will be 42 831 per year or 3 569 per month. Using our minnesota salary tax calculator. The minnesota standard deduction for 2019 is 12 200 for single filers. With the exception of the deduction for state and local income taxes all federal itemized deductions can also be claimed on minnesota state income tax returns.

The minnesota income tax calculator is designed to provide a salary example with salary deductions made in minnesota. The minnesota tax calculator is designed to provide a simple illlustration of the state income tax due in minnesota to view a comprehensive tax illustration which includes federal tax medicare state tax standard itemised deductions and more please use the main 2020 21 tax reform calculator. This breakdown will include how much income tax you are paying state taxes. Your average tax rate is 22 12 and your marginal tax rate is 36 70 this marginal tax rate means that your immediate additional income will be taxed at this rate.

To use our minnesota salary tax calculator all you have to do is enter the necessary details and click on the calculate button.