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How to Calculate 2017 Minnesota State Income Tax by Using State Income Tax Table

1. Find your income exemptions

2. Find your pretax deductions, including 401K, flexible account contributions ...

3. Find your gross income

4. Check the 2017 Minnesota state tax rate and the rules to calculate state income tax

5. Calculate your state income tax step by step

6. If you want to simplify payroll tax calculations, you can download ezPaycheck payroll software, which can calculate federal tax, state tax, Medicare tax, Social Security Tax and other taxes for you automatically. You can try it free for 30 days, with no obligation and no credt card needed.

Learn more about the in house payroll tax solution for Minnesota small businesses here.
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Minnesota STATE TAX TABLES



How to Add a Paycheck
     How to handle Minnesota Payroll
 Important Tax Due Dates>


2018 Minnesota State Tax Witholding Table
2017 Minnesota State Tax Witholding Table
2016 Minnesota State Tax Witholding Table
2015 Minnesota State Tax Witholding Table
2014 Minnesota State Tax Witholding Table
2013 Minnesota State Tax Witholding Table
2012 Minnesota State Tax Witholding Table
2011 Minnesota State Tax Witholding Table
2010 Minnesota State Tax Witholding Table


IRS released the new 2018 tax tables on Jan 11, 2018. Employers should implement the 2018 withholding tables as soon as possible, but not later than February 15, 2018.

Current ezPaycheck software clients and ezAccounting software clients can download the latest version for free to update 2018 tax tables.

Tax rate used in calculating Minnesota state tax for year 2017

State Abbreviation:

MN

State Tax Withholding State Code:

27

Acceptable Exemption Form:

W-4

Basis For Withholding:

State Exemptions

Acceptable Exemption Data:

S, M / Number of Exemptions

TSP Deferred:

Yes

Special Coding:

None

Additional Information:

None





Withholding Formula >(Minnesota Effective 2017)<
  1. Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.

  2. Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program, and flexible spending account - health care and dependent care deductions) from the amount computed in step 1.

  3. Add the taxable biweekly fringe benefits (taxable life insurance, etc.) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.

  4. Multiply the adjusted gross biweekly wages times >26< to obtain the gross annual wages.

  5. Determine the exemption allowance by applying the following guideline and subtract this amount from the gross annual wages to compute the taxable income.

    Exemption Allowance = >$4,050< x Number of Exemptions

  6. Apply the taxable income computed in step 5 to the following table to determine the annual Minnesota tax withholding.

  7. Tax Withholding Table
    Single

    If the Amount of
    Taxable Income Is:

    The Amount of Minnesota
    Tax Withholding Should Be:


    Over:

    But Not
    Over:

    Of Excess
    Over:

    $          0 $    2,300 $ 0 plus 0.0% $        0
          2,300     >27,690 0 plus 5.35%      2,300
        27,690     85,700 1,358.37 plus 7.05%    27,690
        85,700   159,210 5,448.08 plus 7.85%   85,700
        159,210   and over 11,218.62 plus 9.85%   159,210
     

    Married

    If the Amount of
    Taxable Income Is:

    The Amount of Minnesota
    Tax Withholding Should Be:


    Over:

    But Not
    Over:

    Of Excess
    Over:

    $           0 $     >8,650 $          0 plus 0.0% $        0
          8,650      45,760             0 plus 5.35%    >8,650
         45,760    156,100   1,985.39 plus 7.05%    45,760
       156,100   270,160   9,764.36 plus 7.85%  156,100
       270,160   and over   18,718.07 plus 9.85%  270,160

  8. Divide the annual Minnesota tax withholding by >26< to obtain the biweekly Minnesota tax withholding.
 
 

More Payroll Information for Minnesota Small Business

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