Yes, beginning
in tax year 2017, Minnesota residents who make payments on their own
postsecondary education loans may qualify for a nonrefundable credit. You may qualify if you are a full-year or part-year Minnesota
resident who makes payments on your own qualifying education loans
during the tax year.
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 who file a joint return (if both spouses made payments
on qualified loans).
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