MN → FL Tax Savings

How Much Would You Save: Minnesota vs Florida Taxes

Minnesota taxes income up to 9.85%. Florida charges 0%. Compare the two side by side and see your potential savings.

Start Saving Today Learn About Florida Residency

Minnesota vs Florida: Tax Comparison

See how Minnesota's tax structure compares to Florida across every major tax category.

Tax Category	Minnesota	Florida
State Income Tax	Up to 9.85%	0%
Capital Gains Tax	Yes	No
State Estate Tax	Yes	No
Homestead Property-Tax Relief	Check state eligibility	Available to qualifying homeowners

Your Potential Tax Savings

Estimated annual state income tax savings when moving from Minnesota to Florida, computed from Minnesota's income tax brackets for a single filer.

Annual Income

$100,000

You Could Save

$5,277/yr

Featured

Annual Income

$150,000

You Could Save

$8,942/yr

≈ $89,420 over a decade

Annual Income

$250,000

You Could Save

$17,423/yr

Annual Income

$500,000

You Could Save

$42,048/yr

Florida residents pay 0% state income tax. The figures above run each income through Minnesota's 2026 individual income tax brackets for a single filer, after the state's standard deduction and before credits (California figures use the latest published 2025-indexed brackets). They cover state income tax only; local income taxes, filing status, and state-specific deductions can change your number. For a personalized projection, book a free consultation.Rate source: Tax Foundation 2026 State Individual Income Tax Rates and Brackets, with statutory 2026 overrides where post-publication legislation applies (Georgia HB 463, Kentucky HB 1, Ohio HB 96, Maryland BRFA 2025, North Carolina continuing decline, plus phasedowns in MS, NE, ID, MT, SC, IN, OK, UT per state DOR).

Key Tax Facts: Minnesota

What you need to know about Minnesota's tax environment before making your move.

Minnesota's top marginal individual income tax rate in this 2026 wage-income comparison is 9.85%. Deductions, taxable-income thresholds and credits affect the amount actually paid.

Minnesota has a state estate tax with a $3 million exemption.

Minnesota taxes capital gains as regular income at rates up to 9.85%.

Minnesota fully taxes Social Security benefits for higher earners.

What this Minnesota comparison includes

The comparison models a full year of wage income for a single filer in Minnesota. A top marginal rate is not the rate paid on every dollar. A move during the year, continuing Minnesota-source income, credits and local taxes can change the result.

Tax data used: 2026 schedule. Tax Foundation 2026 State Individual Income Tax Rates and Brackets
Single-filer standard deduction in the model: $15,300 before any modeled income-based reduction. Personal exemptions and credits are separate; this figure is not a filing threshold.

Establishing Florida domicile does not automatically end another state's statutory residency or source-income rules. Keep a dated move record, a travel calendar and records of income connected with your former state. A mailing address or declaration alone does not determine tax residency.

Check current guidance from Minnesota Department of Revenue. Check why tax may remain due after moving or review the Minnesota departure guide.

Minnesota vs Florida: Side by Side

Explore the practical steps involved in moving from Minnesota to Florida.

Minnesota charges up to 9.85% income tax; Florida charges 0%.

Minnesota has a state estate tax; Florida does not.

Minnesota taxes capital gains at up to 9.85%; Florida has no capital gains tax.

At $200,000 of annual wage income, this model estimates $12,867 of Minnesota state income tax for a single filer, versus no Florida individual income tax. This is a full-year comparison, excludes local taxes and does not calculate a move-year return.

Plan the departure from Minnesota

Use the state migration guide to connect the calculation with residence, payroll and filing decisions. For Florida documents, follow the evidence checklist. A document package does not itself end Minnesota tax obligations.

Frequently Asked Questions

How much will I save by moving from Minnesota to Florida?

Minnesota has a top income tax rate of 9.85%. Florida has 0% income tax. A single filer earning $150,000 could save approximately $8,942 per year, and one earning $250,000 approximately $17,423 per year (2026 rate schedules, after Minnesota's standard deduction, state income tax only, before credits). Actual savings depend on your filing status and total income.

Will I still owe Minnesota taxes after I move to Florida?

You may owe Minnesota tax for the resident portion of the year and on Minnesota-source income after leaving, such as rent from property there. Also check any statutory-residency and remote-work sourcing rules. Florida domicile alone does not settle these separate questions.