Spread the Word to Families About K-12 Tax Benefits
Minnesota Department of Revenue sent this bulletin at 08/11/2020 08:00 AM CDT
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As you prepare for the upcoming school year, which may include more distance learning due to COVID-19, the Minnesota Department of Revenue would like your help informing families about two state tax relief programs: The Minnesota K‑12 Education Credit and K-12 Education Subtraction. Many families do not know about, or take advantage of, these valuable tax benefits.
How can I help inform parents?
Visit our K-12 Promotional Materials page to find handouts, sample messages, and our promotional video.
- Distribute the K-12 informational handout to families (also available in Spanish, Hmong, and Somali)
- Post the sample messages on your social media accounts or school newsletters
- Share the K-12 Education Tax Credit video with families
What should families know?
These benefits can reduce families’ income taxes and increase tax refunds if they save receipts for their children’s qualifying education-related expenses.
Most Minnesotans qualify for the K-12 Education Subtraction, which reduces their taxable income. They may also qualify for the K-12 Education Credit under certain income limits. The credit can refund up to 75% of costs, even if no tax is owed.
What education-related expenses qualify?
Many expenses for educational instruction or materials may qualify, including:
- Paper and notebooks
- Pens and pencils
- Nonreligious textbooks
- Rental or purchases of educational equipment, including musical instruments
- Computer hardware (hotspots, modems, and routers) and educational software (up to $200 for the subtraction and $200 for the credit)
- After-school tutoring and educational summer camps taught by a qualified instructor
Questions?
If you have questions or need more information, contact us:
- Meiko Yang: Meiko.Ma.Yang@state.mn.us or 651-556-6613
- Mathias Simon: Mathias.Simon@state.mn.us or 651-556-6616
- Denise Rivera: Denise.Rivera@state.mn.us or 651-556-6496