Save receipts for tax break
Save Receipts for School Supplies!
Minnesota Revenue offers two valuable tax benefits for parents who purchase school supplies for their K-12 students, the K-12 Education Credit and Subtraction. These benefits can reduce parents’ taxes to increase their refund, but is only available for those who keep their receipts. Purchases for most school supplies, field trips, and musical instruments for school band are eligible.
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.
In Other News
Having trouble connecting to PowerSchool or need support with other online resources? Connect with Online Family Technology Support.
Your family may qualify for free or reduced prices on sports fees, instrument rental, college application and testing fees and much more.
Sign up to receive important updates via text message.
Did you know that many of the school supplies you purchase for your child this year could reduce the taxes you pay and possibly lead to a larger refund next year?