Minnesota

Tax Credits and Deductions for Educational Expenses

Minnesota provides a tax credit and a tax deduction covering educational expenses for students in any private or public school. The tax deduction lowers a family's taxable income; the tax credit reduces the family's total tax liability. They both cover books, tutors, academic after-school programs, and other nontuition educational expenses. The deduction also includes tuition payments at private schools, whereas the credit does not. The tax deduction is worth 100 percent of the amount spent on education (including private-school tuition), up to $1,625 per child in grades K-6 and up to $2,500 per child in grades 7-12. The tax credit is worth 75 percent of the amount spent on educational expenses other than tuition. The total amount that a family may claim is equal to $1,000 per child in the family.  This program was launched in 1955.  

K-12 Education Credit

Minnesota provides a tax credit covering educational expenses for students in any private or public school, including homeschooling or schools in North Dakota, South Dakota, Iowa, or Wisconsin. The tax credit reduces the family's total tax liability and covers books, tutors, academic after-school programs, and other non-tuition educational expenses.  The tax credit is worth 75 percent of the amount spent on educational expenses other than tuition. The total credit amount that a family may claim is equal to $1,000 per child in the family.  The program launched in 1998.