Calculate Your Take-Home Pay in Preston, Minnesota

Use this calculator to estimate your net salary in Preston, Minnesota for 2024, 2025, or 2026. Minnesota has progressive state tax rates from 5.3% to 9.8%. Preston does not levy a local income tax. On a $75,000 salary (Single, 2025), your estimated take-home pay is $56,673/year.

Annual Gross Salary

Tax Year

Filing Status

State

City

No local income tax for Preston

Annual Net Pay

$56,673

$4,722.75 / month

Total Tax

$18,327

Effective rate: 24.4%

Monthly Take-Home

$4,722.75

$2,179.73 bi-weekly

Weekly Take-Home

$1,089.87

$1,442.31 gross

Tax Breakdown — Preston, MN (2025)

Federal Income Tax$7,949

Minnesota State Tax$4,640

Social Security$4,650

Medicare$1,088

Net Annual Pay$56,673

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★ = city has local income tax

Frequently Asked Questions

What is the income tax rate in Preston, Minnesota?

Minnesota uses a progressive income tax system. Rates range from 5.3% to 9.8%, meaning higher earners pay a larger percentage on income above certain thresholds.

How much is $75,000 after taxes in Preston, Minnesota?

On a $75,000 annual salary filing as Single in 2025, your estimated take-home pay in Preston, Minnesota is approximately $56,673 per year, or $4,723 per month. Your effective tax rate would be about 24.4%.

Does Preston have a local income tax?

No, Preston does not have a local income tax. Residents pay federal and Minnesota state taxes, plus FICA contributions.