Who is Eligible for the Minnesota Working Family Credit?
The Minnesota Working Family Credit (MWFC) is a refundable credit designed to support low- to moderate-income working families. It is part of the broader Minnesota Child and Working Family Credits program, which combines benefits for both children and working individuals.
Eligibility Requirements
- Must have earned income: You must have earned income from employment, self-employment, or other qualifying sources.
- Must meet income thresholds: Your income must fall within the limits set by the Minnesota Department of Revenue. While exact thresholds are not provided in the retrieved context, eligibility is based on your total income and filing status.
- Must file a Minnesota tax return: You must file Form M1, Minnesota Individual Income Tax Return, to claim the credit.
- Part-year residents may qualify: If you are a part-year resident, your credit is calculated based on the percentage of your income taxable to Minnesota.
- Qualifying children may increase credit: If you have qualifying children, you may be eligible for additional credit amounts. Use Schedule M1DQC to determine who qualifies as a dependent.
How to Claim the Credit
To claim the Minnesota Working Family Credit, you must complete Schedule MICWFC (Minnesota Child and Working Family Credits) and attach it to your Form M1. The credit is calculated based on your income, number of dependents, and filing status.
For detailed instructions and to determine your exact credit amount, refer to the official forms and schedules provided by the Minnesota Department of Revenue.
Source:
Form M1 Instructions
Schedule MICWFC
Schedule M1DQC
Disclaimer: Always verify eligibility and requirements with the official Federal or State Department of Revenue Forms and Instructions.