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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.
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‎February 10, 2025
7:04 PM