SCorpDesk / 2026 S-Corp & QBI Guides / Minnesota (MN) 2026 S-Corp Tax Calculator, PTET Election & Franchise Tax Guide
Minnesota (MN) 2026 S-Corp Tax Calculator, PTET Election & Franchise Tax Guide
What are the 2026 S-Corp tax and PTET rules in Minnesota?
In Minnesota (MN), the 2026 S-Corporation election rule is: Recognizes Federal Form 2553 (Form M8). For the Pass-Through Entity Tax (PTET) deduction: 9.85% Minnesota Pass-Through Entity Tax (PTE). Entity-level franchise/minimum tax: Minimum Fee Based on MN Property/Payroll/Sales.
In Minnesota (MN), the 2026 S-Corporation election rule is: Recognizes Federal Form 2553 (Form M8). For the Pass-Through Entity Tax (PTET) deduction: 9.85% Minnesota Pass-Through Entity Tax (PTE). Entity-level franchise/minimum tax: Minimum Fee Based on MN Property/Payroll/Sales.
Open Minnesota 2026 S-Corp & 20% Permanent QBI Calculator
2026 Minnesota (MN) S-Corporation Statutory Tax Matrix
| Minnesota S-Corp Compliance Area | 2026 Statutory Rule |
|---|---|
| State S-Corp Election Recognition | Recognizes Federal Form 2553 (Form M8) |
| Pass-Through Entity Tax (PTET) Election | 9.85% Minnesota Pass-Through Entity Tax (PTE) |
| Annual Minimum / Franchise Tax | Minimum Fee Based on MN Property/Payroll/Sales |
| Federal Section 199A QBI Deduction | Up to 23% of qualified K-1 income under Public Law 119-21 |
| Home Office & Mileage Deduction Method | Must use an IRC Section 62(c) Corporate Accountable Plan |
Frequently Asked Questions
Does Minnesota require a separate state S-Corp election in 2026?
For Minnesota (MN): Recognizes Federal Form 2553 (Form M8).
What is the Minnesota S-Corp franchise or minimum tax for 2026?
In Minnesota: Minimum Fee Based on MN Property/Payroll/Sales.