Updated August 7, 2026. Quick answer: every figure Clear Money Guide holds about Minnesota, on one page, each one copied from a dataset that cites its own statute or agency. Built for reporters on deadline — take any line, follow the link for the source.
What stands out about Minnesota
These are the figures where Minnesota differs most from the rest of the country — selected by counting how many jurisdictions share each value, not by editorial preference.
- Return deadline: 3 weeks (21 days); 5 days if tenancy ends due to legal condemnation — the only jurisdiction of the 51 we have data for
- Cash surrender limit: $130,000 — the only jurisdiction of the 48 we have data for
- Formation fee: $135 statutory; $155 with the $20 expedited-service surcharge — the only jurisdiction of the 48 we have data for
- Trigger: every premium falling due after the first — one of only 2 of 47
What dying costs here
- Small estate limit: 75000
- Small estate scope: personal_only
- State estate tax exemption: 3000000
Source and full detail: the cost-of-dying index. Figures copied from those pages, which own them.
Estate and property law status
- Authorized: yes
- Statute or act: Minn. Stat. 358.645 (Remote Online Notarization Act), enacted 2018 c 176 art 1 s 15
- Effective date: 2019-01-01
- Conditions: Notary must be physically in Minnesota; signer may be anywhere including abroad subject to the US-nexus condition. Identity by personal knowledge or remote credential presentation plus credential analysis and knowledge-based authentication (minimum 5 questions, 80% correct). Secure electronic jou…
- Association name: Minnesota Life and Health Insurance Guaranty Association
- Death benefit limit: $500,000
- Cash surrender limit: $130,000
- Annuity limit: $250,000
- Aggregate limit: $500,000
- Statute citation: Minn. Stat. § 61B.19 subd. 4 (Limitation of benefits) (Minnesota Life and Health Insurance Guaranty Association Act, ch. 61B)
- Free look days: 10 days
- Trigger: the ‘date of purchase’, defined as the date on which the purchaser RECEIVES a copy of the policy or contract
- Extended windows: 30 days for replacement transactions
- Refund basis: full refund of all consideration paid within 10 days; for a variable annuity contract, premiums paid minus amounts allocated to separate accounts, plus the contract’s cash value (or reserve where there is no cash value)
- Grace period days: one month
- Coverage during grace: the insurance continues in force; the policy MAY stipulate that the overdue premium is deducted in any settlement if the insured dies during grace, and MAY impose a finance charge on the late payment
Source and full detail: notary rules by state · guaranty association limits · life insurance free-look periods · life insurance grace periods. Figures copied from those pages, which own them.
Working and earning here
- Quit deadline: First regular payday after the last day worked; if that payday is within 5 days of the last day, the second payday, capped at 20 calendar days from separation
- Fired deadline: Immediately due and payable upon the employee’s written demand; employer must pay within 24 hours of that demand or is in default
- Statute citation: Minn. Stat. §§ 181.13, 181.14
- Has law: Yes
- Disclosure trigger: in the job posting
- Employer threshold: 30 or more employees at one or more sites in Minnesota
- Effective date: 2025-01-01
- Salary history ban: No
- Wage replacement: Progressive three-tier: 90% of wages up to 50% of the state’s average weekly wage, plus 66% of wages above 50% and up to 100% of the SAWW, plus 55% of wages above 100% of the SAWW; maximum weekly benefit equals the state’s average weekly wage
- Max weeks family: 12
- Max weeks medical: 12
- Funding: Both employer and employee. 0.88% of wages total for 2026 and 2027 (0.27% family + 0.61% medical); employers must pay at least 50% and may deduct up to 0.44% from the employee. Small employers pay a reduced 0.66% rate
- Benefits effective date: 2026-01-01 – benefits are being paid
- Mandatory: Yes
- Authority: statute
- Contested: no
Source and full detail: final paycheck laws by state · pay transparency laws by state · paid family leave by state · the convenience-of-the-employer rule. Figures copied from those pages, which own them.
Renting here
- Return deadline: 3 weeks (21 days); 5 days if tenancy ends due to legal condemnation
- Interest required: yes
- Statute citation: Minn. Stat. § 504B.178
Source and full detail: security deposit law by state. Figures copied from those pages, which own them.
Starting a business here
- Formation fee: $135 statutory; $155 with the $20 expedited-service surcharge
- Annual report: $0 – annual renewal is free for domestic LLCs
- Franchise tax: $0 minimum fee below the threshold; $210-$10,210 in tiers above it
- Publication requirement: none found
- Expedite options: $20 surcharge per expedited transaction
- Statute citation: Minn. Stat. ss. 322C.0201 subd. 4(a), 322C.0208(b), 322C.0706(a), 5.14, 5.60, 290.0922
- Five year total: $135
Source and full detail: LLC cost by state. Figures copied from those pages, which own them.
Tax treatment here
- Has law: Yes
- Treatment: ordinary income
- Rate: top marginal 9.85%, plus a 1% net investment income tax above $1,000,000
- Preferential mechanism: none
- Tax year: 2026
- Statute citation: Minn. Stat. § 290.06 subd. 2c (rates); Minn. Stat. § 290.033 (net investment income tax)
Source and full detail: capital gains tax by state. Figures copied from those pages, which own them.
For journalists: how to cite this
Clear Money Guide, Minnesota Money Statistics 2026. https://clearmoneyguide.com/state-money-statistics/minnesota/. Every figure on this page is copied from a Clear Money Guide dataset that states its own primary source and the date it was read — follow the section links for the statute or agency behind any number. Free to reuse with attribution under CC BY 4.0.
What this sheet does and does not contain
This sheet aggregates; it does not research. Every figure is copied from the owning page linked in each section, and a figure we do not own is simply absent — not estimated, not inferred from a neighbouring state. That is why sheets differ in length: this one states 51 figures, and a state where we hold less will show fewer. A short sheet means we have less, not that the state has less.
Statutory law changes. Each linked owner page carries the date its figures were read; check there before relying on anything here. See also Minnesota financial adviser statistics and all 51 state money sheets.
General information about published law and public data, not legal, tax or investment advice. No advertising appears on this page and we earn nothing from it.