MN student loan credit M1SLC

[beccsel]

I enter the amount my husband and I paid on our loans and It says based on what Ive entered we do not qualify.

we are below the income limit listed and I printed the form and completed and we should be eligible?

[AmyC]

Student Loan Credit | Minnesota Department of Revenue states:

Credit Amount

The credit amount depends on your income, loan payments, and original loan amount. The maximum credit is $500 each year or $1,000 for married couples filing a joint return.

Please look at the form, Schedule M1SLC, Student Loan Credit the program has completed and compare it to your form. Is there a negative sign, a wrong number, what is the difference between your form and the one made by the program?

To print or view  your forms:

• In desktop, switch to Forms Mode. 
• For online:
  1. On the left side, select  Tax Tools
  2. Select Print center
  3. Select Print, save or preview this year's return
  4. If you have not paid, select pay now.

[beccsel]

TH M1SLC does not come up on the forms section as it says I dont qualify.

I printed a form and did the sheet and should qualify?

[BrittanyS]

To qualify for the M1SLC you must meet the following guidelines:

1. You may be eligible for the Student Loan Credit if both of these are true:
   1. You have taxable earned income 
   2. You made payments toward your own qualified education loans during the year
   3. You were a full-year or part-year resident of Minnesota