Get Mn Dor Schedule M1ed K–12 Education Credit 2024-2025

Filing the MN DoR Schedule M1ED K–12 Education Credit is an essential step for users seeking to claim education-related expenses for qualifying children in grades K-12. This guide provides detailed, step-by-step instructions for completing the form online to ensure a smooth filing experience.

Follow the steps to accurately complete your K–12 Education Credit form.

1. Click ‘Get Form’ button to obtain the Schedule M1ED K–12 Education Credit form and open it in your selected editor.
2. Enter your first name and initial, last name, and social security number in the designated fields at the top of the form.
3. Indicate the total number of qualifying children you have, and ensure you also enter this number in the box on line 3a of Schedule M1REF.
4. In line 1, input your adjusted gross income. Reference the instructions if you need guidance on how to determine this amount.
5. For each qualifying child, complete columns A to C by listing all qualifying education expenses paid in 2024. If you have more than three children, attach an additional sheet.
6. Fill out lines 2 through 6 according to the types of educational expenses incurred, including enrichment classes, tutoring, school materials, and transportation costs. Provide all required details.
7. Add lines 2 through 6 for each child in column A, B, and C to determine total expenses for each child.
8. Sum the totals from line 7 across all columns and enter the amount on line 8.
9. If you incurred costs related to personal computer hardware or educational software, detail these on line 9, ensuring not to exceed $200.
10. Combine the amounts from line 8 and line 9, and enter this total on line 10.
11. Multiply the amount on line 10 by 75% and enter the result on line 11.
12. If applicable, complete line 12 by referring to the Worksheet for Line 12 in the instructions based on your adjusted gross income.
13. On line 13, enter the lesser amount between line 11 or line 12, and if you are a full-year resident, also enter this on line 3 of Schedule M1REF.
14. Part-year residents and nonresidents should complete line 14 according to the instructions, referencing the specific steps provided in Schedule M1NR.
15. Be sure to save all receipts for qualifying expenses as these may be requested for verification.

Complete your MN DoR Schedule M1ED K–12 Education Credit form online today to ensure you receive any potential credits available for your educational expenses.