Minnesota Self-Employment Tax Calculator
Minnesota has a graduated state income tax with a top rate of 9.85%. On top of that, every freelancer, gig worker, and 1099 contractor owes 15.3% federal self-employment tax on net profit. Enter your expected Minnesota net profit to see your full 2026 tax breakdown.
Take-home rate 75%
Take-home $56,343 Tax $18,657
Federal SE tax
Net earnings subject to SE tax (92.35%) $69,263
Social Security (12.4%) $8,589
Medicare (2.9%) $2,009
Total self-employment tax $10,597
Income tax
Half of SE tax deduction -$5,299
QBI deduction (20%) -$10,720
Federal income tax $4,898
Minnesota income tax $3,162
Bottom line
Total estimated tax $18,657
Effective tax rate 24.9%
Estimated take-home pay $56,343
Running your business as an LLC in Minnesota?
Minnesota charges no required LLC filing fee. Free annual renewal, but still required to keep the LLC in good standing.
See the full Minnesota LLC tax calculator →