FOR IMMEDIATE RELEASE
St. Paul, MN — This tax season, Minnesotans can find resources in multiple languages to learn about Minnesota’s powerful state tax credits. MinnesotaTaxCredits.org now features resources in English, Hmong, Somali, and Spanish, better ensuring families know about and how to file for the state’s Child Tax Credit, the Renter’s Credit, and the K-12 Education Credit.
The website is a joint project of long-time tax credit advocate organizations: Children’s Defense Fund – Minnesota, the Minnesota Budget Project, and Prepare+Prosper.
Tax credits like the Child Tax Credit boost the incomes of working people across the state so they are better able to meet their basic needs and get their kids off to a strong start. They also can make Minnesota’s tax system more equitable.
Minnesota is increasingly diverse. About 660,000 households in Minnesota have children; of those, Hmong, Latino, or Somali families are more likely to have children in their home. And, the people who call our state home speak many different languages, so providing resources in multiple languages is essential to ensuring as many households as possible can claim the tax credits they are eligible for.
At $1,750 per child for qualifying families, Minnesota’s state Child Tax Credit is one of the strongest refundable tax credits in the nation. Families qualify for the CTC if they’re raising children in Minnesota and meet the income guidelines, even if they have no income. Families earning $31,950 or less ($37,910 for married filing jointly) can get the full credit of $1,750 per child with no limit on the number of children. Families with higher incomes may still qualify for a reduced amount; the amount received depends on family size.
The state’s Renter’s Credit is a tax refund for low- and moderate-income renters whose property taxes are considered high for their income level. The Renter’s Credit refunds a portion of the property taxes that renters have paid through their rents. The credit is particularly targeted to the state’s lowest-income households; for 2023, 59 percent of households receiving the credit had incomes of $40,000 or less. The maximum household income to qualify for the Renter’s Credit for the 2023 tax year was $73,270.
The Minnesota K–12 Education Credit helps families recover money for eligible school-related costs for students in kindergarten through 12th grade. The income limits were recently expanded, so more families may qualify. Eligible Minnesotans include filers with adjusted gross income that is at or below $81,820 for one or two qualifying children, $84,820 for three qualifying children, or $87,820 for filers with four or more children, plus $3,000 for each additional child.
Qualified tax filers can get back $0.75 for every dollar spent on eligible K–12 expenses. Eligible expenses include things like after-school enrichment, tutoring, driver’s ed, music lessons, dance lessons, and other qualifying education costs. The maximum credit households may claim is based on their adjusted gross income and number of qualifying children in grades K–12.
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The Children’s Defense Fund – Minnesota is dedicated to addressing the specific needs of Minnesota’s children, youth, and families. Our advocacy efforts at the local and state levels encompass extensive research, community engagement, and youth development programs, paving the way for a better future for Minnesota’s children and youth.
The Minnesota Budget Project is a nonpartisan research and advocacy organization that works on policy solutions that expand opportunity and economic well-being to all Minnesotans. It is an initiative of the Minnesota Council of Nonprofits.
Prepare + Prosper is a Minnesota-based nonprofit that works towards financial empowerment for all. They provide no-cost tax prep and other financial services to families and individuals with low to moderate incomes.