Minnesota Paycheck Calculator

Over 60% of Minnesotans—around 3.7 million people—reside in the Minneapolis–Saint Paul metropolitan area, dubbed the “Twin Cities,” the state’s predominant political, economic, and cultural center, and the 16th-largest metropolitan area in the US. Other minor metropolitan and micropolitan statistical areas include Duluth, Mankato, Moorhead, Rochester, and St. Cloud.

Minnesota Paycheck Calculator and Payroll Taxes

• Minnesota payroll taxes begin with employees filling out Form W-4MN. 
• If an employee does not complete this form, you must withhold tax as no exemptions were claimed.
• Employees need to update Form W-4MN in case of life events (such as marriage, divorce, birth or adoption of a child, etc.) that may impact their taxes.
• The personal income tax rate in Minnesota is 5.35%–9.85%.
• Minnesota has reciprocity with Michigan and North Dakota.

How Minnesota Paycheck Tax Calculator Work? 

Your payroll taxes will include FICA taxes, federal income taxes, and Minnesota’s state taxes. Here’s a breakdown of those taxes and how much you can expect to pay.

In Minnesota, as in every other state, your employer will withhold 6.2% of your earnings for Social Security taxes and 1.45% for Medicare taxes every pay period. Your employer will match those contributions; the total contribution makes up the FICA taxes.

Single filers, heads of household, and qualifying widows with earnings that exceed $200,000 are subject to a 0.9% Medicare surtax.

Important Note: Stubbuilder provides a paycheck calculator designed to provide essential guidance. This should not be relied upon to calculate exact taxes, payroll, or other financial data. You should seek a professional accountant regarding any particular requirement.

Minnesota Payroll 

Below mentioned are the details of Maine:

• Employees in Minnesota are required to complete Form W-4MN to initiate payroll taxes. This crucial information aids in calculating the appropriate amount that should be withheld.
• Employees must revise their Form W-4MN if significant life occurrences (such as marriage, divorce, the birth or adoption of a child, etc.) could affect their tax obligations.
• Personal Income Tax Rate in Minnesota is 5.35%-9.85%.