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Schedule M1WFC Instructions 2012 Who is Eligible If you are a Minnesota resident and are eligible for the federal earned income credit EIC you may also be eligible for the Minnesota working family credit. M1WFC Sequence 4 201244 Minnesota Working Family Credit 2012 Your first name and initial Number of Qualifying Children Your Social Security number Last name None One Two or more of months Number C hild s first middle initial last name Relationsh.

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Eligibility No Children3 or More Qualifying ChildrenSingleAGI limit: $17,640 Max credit: $600AGI limit: $56,838 Max credit: $7,430Married (filing jointly)AGI limit: $24,210 Max credit: $600AGI limit: $63,698 Max credit: $7,430* Figures are for tax year 2023 (filing by April 2024).

Who is eligible for the credits? To claim the EITC and the WFC, an individual must have wages or self-employment income. Taxpayers generally must qualify for the federal credit to claim the Minnesota credit.

The Minnesota Working Family Credit is a refundable tax credit for working families with income below certain levels. Application Information: If you're eligible for the Earned Income Tax Credit (EITC) then you are also eligible for the Working Family Credit (WFC).

The Minnesota working family credit (WFC) and federal earned income tax credit (EITC) equal a percentage of the earnings of low-income individuals. The credits are refundable; if the credit exceeds a filer's tax liability, the rest is paid as a refund.

For 2023, the maximum working family credit is: • $350 with zero qualifying older children • $1,275 with one qualifying older child • $2,450 with two qualifying older children • $2,850 with three or more qualifying older children The Minnesota Child Tax Credit is $1,750 for each qualifying child under the age of 18.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232