Make sure that you qualify for this credit. If your income is too high to qualify, the software won't populate the M1SLC Form. Some of the requirements to be eligible for the MN Student Loan Credit are:
- Need to be a full year or part-year resident of MN
- Made payments on your own qualifying education loan
- You also need to meet the income requirement (if your income exceeds the Adjusted Gross Income limit, you won't qualify)
For more information about the credit, check on the link below
https://www.revenue.state.mn.us/student-loan-credit
To check on the Income limit, click below
https://www.house.mn.gov/hrd/pubs/ss/ssstloancred.pdf
See the guidance below to get to this section in TurboTax:
- Open your Minnesota return section and continue until you reach the screen for Minnesota Credits
- Scroll down to Student Loan Credit.
