To claim this credit, you must be a full- or part-year resident of Minnesota. If you are a full-year nonresident, you are not eligible for this credit. Do not complete Schedule M1CWFC if you have a 2-year or 10-year IRS ban or are otherwise restricted from claiming the federal EIC.
What’s new? The Working Family Credit is four percent of your first $8,750 of earned income plus an additional amount for up to three qualifying older children. See Schedule M1DQC to determine who is a qualifying older child. For 2023, the maximum working family credit is: • $350 with zero qualifying older children • $1,275 with one qualifying older child • $2,450 with two qualifying older children • $2,850 with three or more qualifying older children The Minnesota Child Tax Credit is $1,750 for each qualifying child under the age of 18. See Schedule M1DQC to determine who you may claim as a qualifying child for the child tax credit. The Working Family Credit and Child Tax Credit are reduced when your adjusted gross income exceeds $29,500 ($35,000 if married filing jointly). The amount of the credit is reduced by 12 percent of AGI that exceeds the limit. If you had at least one qualifying older child but no qualifying child for the child tax credit, your credit is reduced by nine percent of AGI exceeding the limit. If you, your spouse (if married and filing a joint return) or your qualifying children do not have a Social Security Number, you may use an Individual Taxpayer Identification Number (ITIN) to claim these credits.
