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As you prepare for the upcoming school year, we are asking for your help to spread the word to families about state programs that help pay for education expenses – the Minnesota K‑12 Education Subtraction and the K-12 Education Credit. Many families do not know about, or take advantage of, these valuable tax benefits.
These benefits can reduce parents’ taxes and increase their refund, but only if they keep their receipts.
Generally, most expenses paid for educational instruction or materials qualify, including paper, pens and notebooks; textbooks; rental or purchases of educational equipment such as musical instruments; computer hardware and educational software; after-school tutoring and educational summer camps taught by a qualified instructor.
Most Minnesota parents qualify for the K-12 subtraction, which reduces their taxable income. Parents under certain income limits may also qualify for the K-12 credit, which can refund up to 75% of their costs – even for parents who don’t owe any taxes.
How you can help
Please visit our website at www.revenue.state.mn.us and type K-12 Promotional Materials in the Search box.
We ask that you:
- Distribute the K-12 informational handout to families.
- Post the sample messages on your social media accounts or school newsletter(s).
- Share the K-12 Education Tax Credit video with families.