Mn Tax Calculator

The Minnesota Tax Calculator helps users estimate their state taxable income, state tax liability, and effective tax rate based on their gross income, filing status, itemized deductions, and number of dependents.

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How to Use the Minnesota Tax Calculator

The Minnesota Tax Calculator is designed to help you estimate your state income tax by considering your filing status, gross income, deductions, and number of dependents. Follow the steps below to calculate your Minnesota state tax effectively.

Step 1: Select the Tax Year

Choose the appropriate tax year. You will need to select the year for which you are filing your taxes. The available options are 2023 and 2024. Ensure that you select the correct year, as tax rules and rates may vary from one year to another.

Step 2: Choose Your Filing Status

Select your filing status. This is a crucial step as it affects the tax rates and deductions applicable to you. The available filing statuses are:

  • Single
  • Married Filing Jointly
  • Married Filing Separately
  • Head of Household

Step 3: Enter Your Gross Annual Income

Input your total gross annual income. This represents your total earnings before any taxes or deductions. Ensure that you enter a non-negative value as this is required for accurate calculations.

Step 4: Input Federal Itemized Deductions

Enter your federal itemized deductions amount. This is the total amount of deductions you claim on your federal tax return. It will be subtracted from your income to determine your taxable income for Minnesota state tax purposes. Ensure the value entered is non-negative.

Step 5: Enter the Number of Dependents

Provide the number of dependents you are claiming. This number will be used to calculate additional deductions you may qualify for. Enter a whole number as this input is expected to be an integer value.

Step 6: Review the Results

Once you have filled in all the required information, the calculator will compute the results, which include:

  • Minnesota Taxable Income: This is your gross income minus federal deductions and $4,800 per dependent.
  • Minnesota State Tax: The estimated tax based on Minnesota’s tax brackets for your filing status and taxable income.
  • Effective Tax Rate: This represents the percentage of your gross income that goes towards paying state tax.

Use this information to better understand your tax obligations and make informed financial decisions.