Minnesota is one of the few states that taxes Social Security benefits, following a similar formula to the federal level.
| Gross annual income | $60,000 |
| Top state income tax rate | 9.85% |
| Estimated effective rate | 5.9% |
| Estimated annual state tax | $3,546 |
| Monthly tax impact | $295 |
| After-tax income | $56,454 |
| State | Rate | Est. Tax on $60K |
|---|---|---|
| Alaska | No tax | $0 |
| Florida | No tax | $0 |
| Nevada | No tax | $0 |
| New Hampshire | No tax | $0 |
| South Dakota | No tax | $0 |
Moving from Minnesota to Alaska could save ~$3,546/year in state income tax alone.
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Source: IRS Rev. Proc. 2025-32, BEA Regional Price Parities (2024 vintage), SSA 2026 bend points. Tax estimates use a 60% effective factor on the top marginal rate as a simplified model. Consult a tax professional for your specific situation. Not financial advice.
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