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Save Your Receipts! Inside Minnesota's K-12 Education Credit w/ Rep. Matt Norris
Manage episode 402336035 series 3452289
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It's tax season and the Minnesota Department of Revenue offers two valuable tax benefits for parents who purchase school supplies for their K-12 students: the K-12 Education Credit and Subtraction. In this episode, Josh and Margaret welcome Rep. Matt Norris (32B) to amplifiED to talk about the ins and outs of the new credit. Rep. Norris discusses how the tax credit was created, how the credit was passed through the Minnesota legislature, the impact on Minnesota families, and how students and parents can take advantage of the credit.
For more information, visit the Department of Revenue's website at: https://www.revenue.state.mn.us/k-12-education-subtraction-and-credit
For a list of qualifying expenses, visit: https://www.revenue.state.mn.us/qualifying-expenses
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