It’s a refundable credit, meaning you can receive money even if you don’t owe any state taxes. It’s important to note that food, clothing, education and entertainment expenses are not considered eligible expenses for the tax credit. The credit is reduced for taxpayers with 2021 Minnesota AGI above $53,630, and it’s completely eliminated if your state AGI exceeds $77,630.
Your eligibility also is determined by your Minnesota adjusted gross income (AGI) - that is, your total income while living in the state and any income from Minnesota sources during periods of nonresidency. Your dependent must have lived with you for more than half the year.You cannot file separately if you’re married.You must have proof of the expenses you paid.Amounts for the 2022 tax year are not yet available, but for 2021 returns the maximum available credit is $1,050 for one dependent, $2,100 for two or more dependents.
Minnesota residents who have child care or elder care expenses can claim a child and dependent care tax credit. Minnesota State Income Tax Credits Child and Dependent Care Credit If you’re married and file taxes separately, you must itemize deductions if your spouse itemizes. Similar to your federal return, a Minnesota tax return allows you to claim itemized deductions for: 2, 1957, and by $2,600 for a spouse who is both blind and has a birthdate prior to Jan. 2, 1957.įor married couples filing separately or jointly, the amount increases by $1,300 for each spouse who either is blind or was born before Jan. 2, 1957, and by $3,300 for those who are both blind and have a birthdate before Jan. The standard deduction increases by $1,650 for single and head of household taxpayers who either are blind or were born before Jan.