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Save back to school shopping receipts to claim tax benefits

Save back to school shopping receipts to claim tax benefits
Save back to school shopping receipts to claim tax benefits(KEYC)
Published: Aug. 8, 2021 at 8:09 PM CDT
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MANKATO, Minn. (KEYC) - The Minnesota Department of Revenue says parents and caregivers can use the receipts they save from back to school shopping to claim K-12 tax benefits when filing their taxes next year.

Two tax benefits can help Minnesota families pay expenses related to their child’s education: the refundable K-12 Education Credit, where income limits apply, and the K-12 Education Subtraction, where there are no income limits.

These programs reduce the tax parents pay and could deliver a larger refund when filing a Minnesota income tax return.

To qualify, the purchases must be for educational services or required materials. The child must be attending kindergarten through 12th grade at a public, private or home school and meet other qualifications.

Most expenses for materials qualify.

For more information, click here.

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