Community Corner
Save Receipts For Your Child's Education Expenses
Purchases for most school supplies, field trips, and musical instruments for school band are eligible.
August 9, 2021
Find out what's happening in Inver Grove Heightsfor free with the latest updates from Patch.
Save Receipts for School Supplies!
The Minnesota Department of Revenue offers two valuable tax benefits for parents who purchase school supplies for their K-12 students: the K-12 Education Credit and the K-12 Education Subtraction. These benefits can reduce parents’ taxes to increase their refund, but it is only available for those who keep their receipts. Purchases for most school supplies, field trips, and musical instruments for school band are eligible.
Find out what's happening in Inver Grove Heightsfor free with the latest updates from Patch.
Most Minnesota parents qualify for the K-12 subtraction. The subtraction reduces the amount of income that the state can tax so their taxes are reduced. 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. Click here for details on the Minnesota Revenue website.
Visit www.isd199.org/parents/supplies to find the school supply list for your child's school.
¡Guarde los recibos de los útiles escolares!
El Departamento de Ingresos de Minnesota ofrece dos valiosos beneficios fiscales para los padres que compran útiles escolares para sus estudiantes K-12: el Crédito Educativo K-12 y la Resta Educativa K-12. Estos beneficios pueden reducir los impuestos de los padres para aumentar su reembolso, pero solo están disponibles para quienes conservan sus recibos. Las compras de la mayoría de los útiles escolares, excursiones e instrumentos musicales para la banda escolar son elegibles.
La mayoría de los padres de Minnesota califican para la resta K-12. La resta reduce la cantidad de ingresos que el estado puede gravar por lo que sus impuestos se reducen. Los padres con ciertos límites de ingresos también pueden calificar para el crédito K-12, que puede reembolsar hasta el 75% de sus costos, incluso para los padres que no deben impuestos. Haga clic aquí para obtener detalles sobre el sitio web de Ingresos de Minnesota.
Visite www.isd199.org/parents/supplies para encontrar la lista de útiles escolares para la escuela de su hijo.
This press release was produced by the Inver Grove Heights Schools. The views expressed here are the author’s own.
