November 13, 2023

Did you know that many of the school supplies you purchase for your child this year could reduce the taxes you pay and possibly lead to a larger refund next year? The Minnesota Department of Revenue offers two valuable tax benefits for parents/guardians who purchase school supplies for their K-12 students: the K-12 Education Credit and Subtraction. 

These benefits can reduce parents’/guardians’ 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 bands are eligible. 

Most Minnesota parents/guardians qualify for the K-12 subtraction, which reduces their taxable income. Parents/guardians under certain income limits may also qualify for the K-12 credit, which can refund up to 75% of their costs - even for parents/guardians who do not owe any taxes. 

Learn more about the K-12 Education Subtraction and Credit programs, including qualifications, expense examples, how to claim, and more, at revenue.state.mn.us/k-12-education-subtraction-and-credit-0. 

K-12 Education Subtraction and Credit Informational Flyer

(Informational flyer also available in Hmong, Karen, Somali, and Spanish)