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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 their qualifying children in grades K-12.
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Schedule M1ED, K-12 Education Credit
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Education Savings Account? Contribution Credit
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Clients may qualify if they 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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Clients may qualify if they are a licensed Minnesota teacher 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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Clients may qualify if they are a Minnesota resident 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 their 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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Clients may qualify if they 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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Clients may qualify if they had a qualifying education loan forgiven after completing an income-driven repayment program, and they included the forgiven amount in? federal adjust 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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Clients may qualify if they 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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