Tax Breaks for Families with Students
I wanted to make sure parents know about tax incentives that may allow them to keep more of their hard earned money come tax season. Minnesota has both a credit and a subtraction for education expenses.
Most school supplies qualify for the credit or subtraction, including writing utensils, textbooks, and musical instrument rentals.
To qualify for either program, you must:
Full details about the Education Subtraction and Credit can be found on the Department of Revenue’s website.
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