Do not miss out on the new Child and Working Family Tax Credit
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Even if you are not required to file Minnesota income tax returns, you can still file to claim valuable Minnesota tax benefits. The Working Family Credit and Child Tax Credits deliver tax relief to individuals whose income is below a certain level. Both credits are refundable, meaning you can receive a refund even if you do not owe tax.
What is the Child Tax Credit?
The new Child Tax Credit is available to Minnesotans who have children under age 18. By filing a Minnesota tax return, you may qualify for $1,750 per child with no limit on the number of children.
What is the Working Family Credit?
The Working Family Credit is available to Minnesotans who earned income during the year. The maximum Working Family Credit is $350 if your earned income is $8,750 or more, and it can increase by:
• $350 for no qualifying child
• $1,275 for one qualifying child age 18 or older
• $2,450 for two qualifying children age 18 or older
• $2,850 for three or more qualifying children age 18 or older
Both the Child and Working Family Credits are phased out if your income is over $35,000 for Married Filing Jointly or over $29,500 for other filers. The credit is reduced by 12% of earned income or adjusted gross income, whichever is greater.
How do I claim these credits?
For tax years 2022 and earlier, claim the Working Family Credit using Schedule M1WFC, Working Family Credit. The Child Tax Credit is not available until tax year 2023.
For tax years 2023 and later, claim both the Child and Working Family Tax Credits using Schedule M1CWFC, Minnesota Child and Working Family Credits, available in the next filing season.
Free Tax Preparation
You may also qualify for free tax return preparation! Go to www.revenue.state.mn.us and enter free tax preparation into the Search box to find free tax preparation services near you.
Service made available through a grant provided by the state of Minnesota