Get Mn Dor Schedule M1cwfc (formerly M1wfc) 2023-2025

This guide provides a comprehensive walkthrough for completing the MN DoR Schedule M1CWFC (Formerly M1WFC) online. Users will learn how to fill out each section of the form accurately to claim the Minnesota Working Family Credit and Child Tax Credit.

Follow the steps to complete your Schedule M1CWFC online.

1. Press the ‘Get Form’ button to access the Schedule M1CWFC, allowing you to open it in your chosen online editing tool.
2. Provide your first name and initial, followed by your last name in the designated fields.
3. Enter your Social Security Number in the appropriate section to ensure your identification is verified for processing.
4. Round amounts to the nearest whole dollar when entering any financial figures.
5. On line 1, input the amount from line 1 of Form M1. This establishes your base for the credit calculation.
6. For line 2, enter your total earned income based on the instructions. Ensure that if the total is less than zero, you enter zero.
7. For line 3, if the amount on line 2 surpasses $8,750, simply enter $8,750. Otherwise, input the amount from line 2.
8. Multiply the figure from line 3 by 4% (0.04) for line 4 and enter the result.
9. Refer to line 5 for the credit for qualifying older children. If applicable, enter the corresponding amount for the number of qualifying children you have.
10. Add together the values from lines 4 and 5 for line 6.
11. For line 7, input the number of qualifying children as instructed; this information can be obtained from Schedule M1DQC.
12. Multiply the number of qualifying children on line 7 by $1,750 to determine the amount to be entered on line 8.
13. Combine the values from lines 6 and 8 for line 9.
14. On line 10, enter the greater amount of either line 1 or line 2.
15. Provide specific amounts on line 11 based on your filing status—$35,000 if married filing jointly; $29,500 for any other status.
16. If necessary, complete line 12 by subtracting line 11 from line 10, following the instructions if line 10 is less than line 11.
17. Continue to line 13, entering 9% (0.09) if you have an amount on line 5 but not on line 8; otherwise, enter 12% (0.12).
18. For line 14, multiply the amount from line 12 by the percentage from line 13 and enter the result.
19. For line 15, subtract the amount on line 14 from line 9. If the result is less than zero, enter zero.
20. If you are a part-year resident, complete line 16 by following the specific instructions based on your gross income.
21. Once completed, ensure you save the changes, and choose to download, print, or share the form as needed.

Start filing your MN DoR Schedule M1CWFC online now to take advantage of your eligible credits.