MarilynG1
Expert Alumni

Get your taxes done using TurboTax

After reviewing your sanitized return, I see that only one of you qualified for the Minnesota Student Loan Credit.  The calculations are shown on Form M1SLC.  

Your total income was split as 35% for the Taxpayer, and 65% for Spouse, so in the following calculations on Lines 5-14, only the TP was eligible for the credit. 

 

A $500 credit then shows on Schedule M1C, Line 9.

 

This transfers over to your Form M1, Line 16 (the $500 is combined with another credit of $336 for the Marriage Credit, for a total of $836 on this line).

 

This reduced your tax by that amount.

 

Thanks for letting us take a look at this.

 

 

 

 

 

 

 

 

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