Tax professionals

It?s time to start back-to-school shopping! The Minnesota Department of Revenue reminds tax professionals that most school supplies qualify for valuable K-12 tax benefits on their clients? 2023 Minnesota income tax returns.?Remind your clients to save their school supply receipts.

?Save those receipts from school supply purchases and claim the K-12 Education Credit or Subtraction,? said Commissioner Paul Marquart. ?This will help save some money when it comes time to file taxes and is something that nearly every parent or caregiver in Minnesota can do.?

*What K-12 tax benefits does Minnesota offer?*

Two Minnesota tax benefits help families pay their child?s education expenses: the?K-12 Education Credit and the K-12 Education Subtraction [ [link removed] ].

Both benefits reduce your clients? state tax and could provide a larger refund when filing Minnesota income tax returns. Because Minnesota?s latest tax bill increased the income limits for the refundable K-12 Education Credit, more clients may now qualify for it.

Last year, more than 17,000 families received the K-12 Education Credit and saved an average of $280. Over 134,000 families received the K-12 Education Subtraction and saved an average of $1,266.

*Do my clients qualify for these tax benefits?*

To qualify for either the credit or subtraction, both of these must be true:


* Your client has a qualifying child attending kindergarten through 12th grade at a public, private, or qualified home school
* Your client purchased education-related expenses in 2023 to assist with the child?s education

Separate requirements apply for the credit and subtraction.


* *K-12 Education Subtraction:*?There are no income limits for the education subtraction, and you may qualify regardless of your filing status.
* *K-12 Education Credit:*?Your client?s adjusted gross income must be below the levels shown in the table. If they qualify for the credit but do not need to file a Minnesota return, they must file a return to claim the credit. If your client is married, they must file a joint return to qualify.

*Number of qualifying children in K-12*



*Adjusted gross income must be less than*



"1 or 2"



"$7""6,000"



"3"



"$7""9,000"



"M""ore than 3"



"$""79,000 Plus $3,000 for each additional child"



*What education-related expenses qualify??*

Qualifying expenses may include:


* Paper and notebooks
* Pens and pencils
* Nonreligious textbooks
* Rental or purchases of educational equipment, including musical instruments
* Computer hardware (including hotspots, modems, and routers) and educational software
* *Note:* Up to $200 qualifies for the subtraction and $200 qualifies for the credit

* After-school tutoring and educational summer camps taught by a qualified instructor

Internet service or access fees do not qualify.

?For more information, visit:


* Qualifying Expenses for the K-12 Education Credit and Subtraction [ [link removed] ] Page
* Our video on how the credit works [ [link removed] ]



Visit our website:
www.revenue.state.mn.us [ [link removed] ]

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