Shopping For School Supplies        -             Take Credit For Learning!

 

Save your receipts and SAVE MONEY on your state tax return.

 

Depending on your income, you may be eligible to claim the K-12 education subtraction and/or education credit.

 

Here are a few examples of qualifying educational expenses:

 

ü      Pens, pencils notebooks, folders, etc.

ü      Tutoring or instructor fees

ü      Music lessons and instruments

ü      Computer hardware and educational software

 

For more information, check out eh Minnesota Department of Revenue website at:    www.taxes.state.mn.us

 

MINNESOTA * REVENUE

 

********** REMEMBER to SAVE your RECEIPTS **********

 

**        MINNESOTA EDUCATION CREDIT AND SUBTRACTION

 

You can get a state tax credit or subtraction for costs for your children’s schooling or related things.  These cover children in kindergarten through high school.  The maximum credit is $ 1,000 per child.  You can use costs like:  tutors, academic books and materials, fees paid to others for transportation, music lessons, after school programs, and academic summer camps.  You can also use costs for computer hardware or educational software ( $200 limit).  Private school tuition is a subtraction only.  To get credit, fill out Form M-1ED.  To use the subtraction, do the worksheet on the back of Form M-1.