Minnesota Quarterly Tax Calculator
Calculate your estimated quarterly tax payments for federal and Minnesota state taxes. Designed for self-employed individuals, freelancers, and independent contractors.
MN State Tax: Progressive 5.3% - 9.8%
Quarterly Payment Amount
$6,742
Per quarter (4 remaining)
Annual Tax Breakdown
2026 Payment Schedule
Jan 1 - Mar 31
Due: April 15, 2026
$6,742
Apr 1 - May 31
Due: June 15, 2026
$6,742
Jun 1 - Aug 31
Due: September 15, 2026
$6,742
Sep 1 - Dec 31
Due: January 15, 2027
$6,742
Don't miss your quarterly payments!
The IRS may charge penalties and interest if you underpay or pay late. Consider setting up automatic payments or calendar reminders.
Minnesota Quarterly Tax Highlights
Minnesota has 4 tax brackets with rates from 5.35% to 9.85%
One of the highest state tax rates
Use Form M1 for quarterly payments
Minnesota Quarterly Tax FAQ
What is Minnesota's income tax rate?
Minnesota has a progressive income tax with 4 brackets: 5.35%, 6.8%, 7.85%, and 9.85%. The top rate is one of the highest in the nation.
Minnesota Estimated Quarterly Tax Payments for Self-Employed Workers in 2026
Self-employed workers in Minnesota must pay both federal estimated taxes to the IRS and state estimated taxes to the Minnesota Department of Revenue. Minnesota has a progressive income tax with 4 brackets and rates ranging from 5.35% to 9.85%. If you expect to owe $500 or more in Minnesota state income tax after withholding and credits, you must make quarterly estimated payments using Form M1.
Minnesota has the 4th-highest top marginal income tax rate in the nation. The 9.85% top bracket applies to income above $193,240 (single). Minnesota also requires estimated tax payments if you expect to owe at least $500 in state tax.
| Tax Layer | Rate / Range | Filed With | Form |
|---|---|---|---|
| Federal income tax | 10% – 37% | IRS | 1040-ES |
| Self-employment tax | 15.3% | IRS | 1040-ES / SE |
| Minnesota state income tax | 5.35% to 9.85% | Minnesota Department of Revenue | Form M1 |
How Minnesota Income Tax Affects Your Quarterly Payments
Minnesota taxes personal income — including self-employment income — across 4 progressive brackets. The brackets below apply to single filers for tax year 2026. Married filing jointly thresholds are typically higher.
| Bracket | Taxable Income (Single) | Marginal Rate |
|---|---|---|
| 1 | $0 – $31,690 | 5.35% |
| 2 | $31,690 – $104,090 | 6.8% |
| 3 | $104,090 – $193,240 | 7.85% |
| 4 | $193,240+ | 9.85% |
To estimate your Minnesota quarterly payment, calculate your projected state tax liability using the brackets above, then divide by four. Minnesota payments are made to the Minnesota Department of Revenue through their online portal at revenue.state.mn.us or by mail using Form M1.
Federal Self-Employment Tax and Quarterly Due Dates
All self-employed workers must pay federal self-employment (SE) tax of 15.3% on 92.35% of net earnings. This consists of 12.4% for Social Security (on earnings up to $184,500 in 2026) and 2.9% for Medicare (no cap). An additional 0.9% Medicare surtax applies to earnings above $200,000 (single filers).
Both Minnesota and federal estimated tax payments follow the same quarterly schedule:
| Quarter | Income Period | Due Date |
|---|---|---|
| Q1 | January 1 – March 31 | April 15, 2026 |
| Q2 | April 1 – May 31 | June 15, 2026 |
| Q3 | June 1 – August 31 | September 15, 2026 |
| Q4 | September 1 – December 31 | January 15, 2027 |
To avoid underpayment penalties, pay at least 100% of your prior-year tax liability (or 110% if your AGI exceeds $150,000) spread across four equal payments, or at least 90% of your current-year tax. You can deduct 50% of your self-employment tax from your adjusted gross income, reducing both your federal and Minnesota taxable income.
Related Calculators
Official References
This calculator uses current federal and Minnesota tax rates and schedules:
- IRS Estimated Tax Guidelines
Federal quarterly tax requirements and Form 1040-ES
- Minnesota Department of Revenue
Official Minnesota tax authority
- IRS Self-Employment Tax
Social Security and Medicare tax information
This calculator provides estimates based on 2026 tax rates. Your actual tax liability may vary based on deductions, credits, and other factors. Consult a tax professional for personalized advice.