How much does a Medical Transcriptionists actually take home in Minnesota?
Progressive (up to 9.8%) — 21.5% effective total tax rateData: BLS OEWS 2024 + IRS/State Tax Brackets 2024 • Updated 2026-04-02
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Detailed line-by-line tax calculation for a Medical Transcriptionists earning $49,290 in Minnesota (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $49,290 | — |
| Federal Income Tax | -$3,930 | 8.0% |
| Minnesota State Income Tax | -$2,915 | 5.9% |
| Social Security (OASDI) | -$3,055 | 6.2% |
| Medicare | -$714 | 1.5% |
| Total Taxes | -$10,617 | 21.5% |
| Take-Home Pay | $38,672 | 78.5% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Medical Transcriptionists in Minnesota.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $40,360 | -$8,255 | $32,104 | 20.5% |
| 25th Percentile (P25) | $45,530 | -$9,622 | $35,907 | 21.1% |
| Median (P50) | $49,290 | -$10,617 | $38,672 | 21.5% |
| 75th Percentile (P75) | $56,020 | -$12,397 | $43,622 | 22.1% |
| 90th Percentile (P90) | $63,770 | -$14,649 | $49,120 | 23.0% |
After federal income tax ($3,930), state tax ($2,915), and FICA ($3,770), a Medical Transcriptionists in Minnesota takes home $38,672 per year — or $3,222 per month. The effective tax rate of 21.5% is relatively low compared to the national range.
Where does a Medical Transcriptionists keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Minnesota ranks #3 out of 50 states for Medical Transcriptionists after-tax take-home pay.
A Medical Transcriptionists in Minnesota earning a median salary of $49,290 will take home approximately $38,672 per year after federal income tax ($3,930), state income tax ($2,915), and FICA ($3,770). That is $3,222 per month or $1,487 per bi-weekly paycheck.
The effective total tax rate for a Medical Transcriptionists in Minnesota is 21.5%, broken down as: federal income tax 8.0%, Minnesota state tax 5.9%, and FICA (Social Security + Medicare) 7.6%. This assumes a single filer with the standard deduction for 2024.
Minnesota has a progressive (up to 9.8%). On a Medical Transcriptionists's median salary of $49,290, the state income tax amounts to $2,915 per year, which is an effective state rate of 5.9%.
After all taxes, a Medical Transcriptionists in Minnesota takes home approximately $3,222 per month, or about $18.59 per hour (based on a standard 2,080-hour work year). These figures assume a single filer, standard deduction, and no additional pre-tax deductions.
We start with the 2024 BLS median salary of $49,290 for Medical Transcriptionists in Minnesota, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), Minnesota state income tax (progressive (up to 9.8%)), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $38,672/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
This estimate assumes a single filer using the 2024 standard deduction ($14,600), with W-2 employment income only. It does not account for: itemized deductions, tax credits (e.g. earned income credit, child tax credit), local/city taxes, pre-tax contributions (401k, HSA, FSA), self-employment tax, or additional income sources. Actual take-home pay may differ. Consult a tax professional for personalized advice.
Our Methodology · Data Sources · Salary: BLS OEWS · Tax: IRS + State DOR