You may receive a credit if you paid education-related expenses in 2014 for your qualifying children in grades kindergarten through 12 (K–12). See qualifying expenses on page 13.
Married persons filing separate returns cannot claim this credit.
To qualify, your household income— which is your federal adjusted gross income plus most non taxable income— must be under the limit based on the number of qualifying children you have in grades K–12. A qualifying child is the same as for the federal earned income credit.
If your total number of Your household
qualifying children is: income limit is:
1 or 2 . . . . . . . . . . . . . $37,500
3 . . . . . . . . . . . . . . . . . $39,500
4 . . . . . . . . . . . . . . . . . $41,500
5 . . . . . . . . . . . . . . . . . $43,500
6 or more . . . . . . . . . *
* For more than 5 children, the limit is $43,500 plus $2,000 for each additional qualifying child.
If you qualify for the credit, complete Schedule M1ED, K–12 Education Credit, (included in this booklet) and include with your Minnesota income tax return. Enter the number of qualifying children in the box provided on line 26.