Did you know Minnesota has several tax credits available to reduce your taxes or increase a refund? These credits ease financial burden for families, renters, homeowners, and working individuals. Do not miss out on these valuable opportunities!
What tax credits are available?
Child Tax Credit
- Credit of $1,750 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
For more information, visit our Child Tax Credit webpage, or watch our Child Tax Credit video.
Credit for Qualifying Older Children
If you have a qualifying child who is older than 17, you may be eligible.
How much is the credit?
| Qualifying Older Child | Credit |
| One | $925 |
| Two | $2,100 |
| Three or more | $2,500 |
For more information, visit our Credit for Qualifying Older Children webpage.
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 $350
For more information, visit our Working Family Credit webpage.
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-6, and $2,500 per child in grades 7-12, for educational expenses.
For more information, visit our Qualifying Expenses for the K-12 Education Credit and Subtraction webpage, or watch our K-12 Credit and Subtraction video.
Property Tax Refund
Minnesota has two property tax relief programs:
- Homestead Credit Refund (for Homeowners) – You may be eligible for a refund if your property taxes exceed a certain percentage of your income
- Renter’s Property Tax Refund – If you rent, you may receive a refund based on your income and rent paid
For more information, visit our Property Tax Refund webpage.
