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Save those back-to-school receipts for tax benefits

You can save hundreds of dollars by saving receipts and reporting your school expenses at tax time.

Tips to reduce school stress
Transitioning back-to-school in the fall can be stressful. These four tips will help smooth over some of the most common rough spots during that first week of school.
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As students of all ages prepare for another school year, the Minnesota Department of Revenue reminds parents and caregivers to save receipts on school supply purchases to claim valuable K-12 tax benefits when filing their taxes next year.

“With July behind us, we know the upcoming school year is front of mind for many Minnesota students and their families,” said Revenue Commissioner Robert Doty in a Minnesota Department of Revenue news release. “When back to school shopping, parents should remember to save those receipts and be sure to claim either the K-12 Education Credit or Subtraction when they file their income tax returns next year. It could save them money on their tax bill or put money in their pockets in the form of a larger refund.”

Two tax benefits can help Minnesota families pay expenses related to their child’s education: the refundable K-12 Education Credit (income limits apply) and the K-12 Education Subtraction (no income limits).

Last year, more than 19,000 families received the K-12 Education Credit and saved an average of $261. Nearly 130,000 families received the K-12 Education Subtraction with an average subtraction of $1,207.

These programs reduce the tax parents pay and could deliver a larger refund when filing a Minnesota income tax return. To qualify, the purchases must be for educational services or required materials. The child must be attending kindergarten through 12th grade at a public, private, or home school and meet other qualifications.

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Save those receipts
Remember to save your receipts to claim the credit or subtraction. Use a folder or envelope to store receipts for the upcoming tax filing season or pick up a special envelope at our State Fair booth, located in the Education Building.

Most expenses for educational instruction or materials qualify, including:

  • Paper
  • Pens and notebooks
  • Textbooks
  • Rental or purchases of educational equipment such as musical instruments
  • Computer hardware (hotspots, modems, and routers) and educational software (up to $200 for the subtraction and $200 for the credit) *
  • After-school tutoring and educational summer camps taught by a qualified instructor

Fees for internet service do not qualify.
K-12 Education Subtraction
There are no income limits to qualify for the education subtraction. Most parents qualify. Parents can claim the K-12 Subtraction for tuition paid to private schools or college courses used to satisfy high school graduation requirements.

Our newsroom occasionally reports stories under a byline of "staff." Often, the "staff" byline is used when rewriting basic news briefs that originate from official sources, such as a city press release about a road closure, and which require little or no reporting. At times, this byline is used when a news story includes numerous authors or when the story is formed by aggregating previously reported news from various sources. If outside sources are used, it is noted within the story.
What to read next
Take a look at the houses featured from in and around the lakes area in the 2022 Fall Home magazine. Grab a hard copy at the newspaper office or your favorite news stand.
Stop by the newspaper office or your favorite news stand and pick up a free hard copy of the 2022 Best of the Lakes Area magazine.
Dahlquist has coordinated police science education since arriving at MSUM and, in the process, has taught and mentored a significant number of active-duty law enforcement officers in the Fargo-Moorhead region and many around the nation. He is a former member of the Minnesota Board of Peace Officer Standards and Training.
The trees are just standing there, giving off oxygen, eating toxins and providing beauty. I don't understand why they have to be cut down. I recently took a trip to northern Minnesota, driving on Highway 200 and there are miles of trees embracing the road. Please leave our scenic highway as it is for other generations to enjoy.