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Save your back-to-school receipts!
With back-to-school coming up quickly, I want to remind you to save your receipts to claim?K-12 tax benefits when filing your taxes next year!
Due to changes made during the legislative session, over 31,000 more Minnesota families will be able to claim the credit this year.?Two tax benefits can help families pay expenses related to their child?s education: the refundable?K-12 Education Credit?and the?K-12 Education Subtraction.
Last year, more than 17,000 families received the K-12 Education Credit for an average credit of $280. Over 134,000 families received the K-12 Education Subtraction for an average subtraction of $1,266.
These programs reduce the tax parents pay and could deliver a larger refund when filing a Minnesota income tax return. To qualify, the purchases must be for educational services or required materials. The child must be attending kindergarten through 12th?grade at a public, private, or qualified home school and meet other qualifications.
?Most expenses?for educational instruction or materials qualify, including:
- Paper
- Pens and notebooks
- Textbooks
- Rental or purchases of educational equipment such as 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
I'm wishing all the students, teachers, and school staff in our community a great school year!
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Please Contact Me
It?s an honor and privilege to work for you at the Capitol. Don?t hesitate to contact my office at any time this session to share your thoughts, concerns or ideas. I am here to serve you!
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/RepDebKiel
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255 State Office Building
100 Rev. Dr. Martin Luther King Jr. Blvd.
Saint Paul, MN 55155
651.296.5091 |
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