Did you know Minnesota has several tax credits available to reduce your taxes or increase your refund? These credits ease the financial burden for families, renters, homeowners, and working individuals. Do not miss out on these valuable opportunities!
Minnesota offers these tax credits:
Child Tax Credit
- Credit of $1,800 per qualifying child
- No limit on the number of children claimed
- Refundable credit, so you can receive a refund even if you do not owe tax
- Children up to age 17 qualify
Credit for Qualifying Older Children
If you have a qualifying child who is older than 17, you may be eligible for the Credit for Qualifying Older Children. Here’s how much the credit is based on the number of qualifying children:
| Qualifying Older Child | Credit |
| One | $1,020 |
| Two | $2,330 |
| Three or more | $2,770 |
Working Family Credit
- Provides a tax credit for working individuals and families
- Reduces state income taxes and increases refunds
- Refundable credit for working individuals with income below a certain level
- Credit is 4% of your earned income, up to a maximum of $388
K-12 Credit and Subtraction
- K-12 Credit: Reduces your state income tax or provides a refund for qualifying education expenses
- K-12 Subtraction: Subtract up to $1,625 per child in grades K to 6, and $2,500 per child in grades 7 to 12, for educational expenses
For more information, visit our Qualifying Expenses for the K-12 Education Credit and Subtraction webpage.
Property Tax Refund
Minnesota has two property tax relief programs:
- Homestead Credit Refund – If you own and occupy a home, you may be eligible for a refund if your property taxes exceed a certain percentage of your income.
- Renter’s Credit – If you rent, you may receive a refund based on your income and rent paid when you file a Minnesota Individual Income Tax return.
For more information, visit our Property Tax Refund webpage.
If you have questions on these credits or need more information, contact any of our outreach coordinators:
- Meiko Yang or call 651-556-6613
- Denise Rivera or call 651-556-6496
- Safiya Farah or call 651-556-6694
- Ben Rosaasen or call 651-556-3055
