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Tax benefit name
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Description
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Tax form to claim it
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K-12 Education Credit?
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Helps clients offset the cost of certain education expenses for qualifying children in grades K-12. Income limits have increased for tax year 2023, so more clients may qualify.
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Schedule M1ED, K-12 Education Credit
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Education Savings Account Contribution Credit
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For clients who contributed to a section 529 college savings plan.
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Schedule M1529, Education Savings Account Contribution Credit or Subtraction
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Credit for Attaining Master?s Degree in Teacher?s Licensure? ? ? ? ?
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For licensed Minnesota teachers completing a master?s degree program in their licensure field.
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Schedule M1CMD, Credit for Attaining Master?s Degree in Teacher?s Licensure Field
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Student Loan Credit
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For Minnesota residents making payments? ?on their own postsecondary education loans. For married couples, each spouse may qualify.
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Schedule M1SLC, Student Loan Credit
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K-12 Education Subtraction
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Helps clients offset the cost of certain education expenses for qualifying children? in grades K-12.
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Schedule M1M, Income Additions and Subtractions
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Education Savings Account Contribution? Subtraction
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For clients who contributed to a section 529 college savings plan.
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Schedule M1529, Education Savings Account Contribution Credit or Subtraction
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Discharge of Indebtedness for Education Loans Subtraction
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For clients who had qualifying education loans forgiven after completing an income- driven repayment program, and who included the forgiven amount in federal adjusted gross income
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Schedule M1M, Income Additions and Subtractions
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Unreimbursed employee expenses related to teaching
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For clients who had teaching or classroom expenses and did not deduct them as educator expenses on their federal tax return
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Schedule M1SA, Minnesota Itemized Deductions
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