Minnesota Business Tax Calculator
Calculate corporate income tax, franchise tax, and gross receipts tax for businesses operating in Minnesota.
Why calculating business in Minnesota is different
Minnesota has a progressive income tax system.
State Income Tax
5.35% - 9.85%
Base Sales Tax
6.875%
State Min Wage
$10.85 / hr
Abbreviation
MN
Minnesota Business Interactive Tool
This calculator uses the latest 2026 data for Minnesota, including the minimum wage of $10.85 and the specific state income tax rates (5.35% - 9.85%).
Frequently Asked Questions about Minnesota Business
What is the corporate tax rate in Minnesota?
Corporate tax structures vary. In addition to potential corporate income taxes, businesses in Minnesota must also consider unemployment insurance taxes, sales tax collection (6.875%), and local business licenses.
Do LLCs pay tax in Minnesota?
LLCs are typically pass-through entities, meaning profits pass through to the owners' personal tax returns and are taxed at the personal 5.35% - 9.85% rate. However, Minnesota may also impose an annual LLC franchise fee.