Minnesota K-12 Education Credit


The K-12 education credit can result in big savings on your income tax return If you have a child in kindergarten through grade 12, the credit allows you to reduce your tax, or increase your refund

You can get 75 cents for each dollar spent on your child's education You can claim the credit unless you are married and file separate tax returns Your child must also attend a public, private or home school during the year To qualify, your household income must be below a certain limit The credit is also based on the number of children in your household

Items that qualify for the credit include: Tutoring by a qualified non-family member Fees for public school all-day kindergarten Music lessons by a qualified instructor Up to $200 of educational computer software And fees for a drivers' education course during school hours Items that don't qualify for the credit include: Sports camps, lessons or after school activity fees Transportation or travel outside the school day Computer software without an educational purpose Tutoring materials School lunches Backpacks, school clothes and uniforms Here are some other examples of what does and does not qualify for the K-12 Education Credit: Some transportation costs can be claimed — but only those for getting to or from school Supplies like paper, pens and pencils qualify, but they must be required by the school and used during the school day Computer hardware and software for learning about academic subjects at home also qualify –but can't be used for business Athletic clothes, uniforms or tennis shoes required for gym class also qualify for the tax credit

Be sure to save your receipts so you have a record of all your school related purchases When it's time to file your taxes, this will help you receive the largest credit possible To claim the credit, just file Schedule M1ED with your tax return For more information, type "K-12" in the search box of our website at revenuestate

mnus You can click here with your mouse to open our website in a new window Or click here to go to our web page about the K-12 credit If you want more details about what qualifies for the credit, click here to open the education credit fact sheet

If you still have questions about the K-12 Education Tax Credit, we're here to help You can submit questions through our website, by email or give us a call

Source: Youtube


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