Minnesota families can claim K-12 tax breaks on school supplies


4 days ago 37

State officials say families who save back-to-school receipts this year may be able to claim K-12 tax breaks when they file next year.

The Minnesota Department of Revenue said two tax benefits may help with education costs: the refundable K-12 Education Credit, which has income limits, and the K-12 Education Subtraction, which does not.

To see if you qualify for the household income for the K-12 education credit, check the chart below.

Number of qualifying children in K-12:Household income must be less than:
1 or 2$83,550
3$86,550
More than 3$89,550 plus $3,000 for each additional child

Last year, over 46,000 families received an average credit of $389, while more than 123,000 families received the subtractio...

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