2023 Schedule M1CWFC, Minnesota Child and Working Family Credits. This appears to be new for 2023. Does anyone know anything about this? How do we file for this credit?

[eashton143]

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.   

[JohnW152]

You don't need to do anything to claim this Minnesota credit.  It's based on information that you've already included in the federal portion of TurboTax.

The summary you included above describes the credits.

In TurboTax Online, you'll see the credit computation, if you qualify, when inputting your Minnesota state tax information: 

1. Open TurboTax Online
2. Select  Tax Home in the left pane
3. On the  Hi, let's keep working on your taxes! screen, select the dropdown on the right side of the State Taxes box, then select Start, Continue, or Review/Edit
4. In the left pane, select Prepare State
5. Proceed through the screens until you come to the Status of your state returns screen
6. Select  Start, Continue or Edit to the right of Minnesota.  If no state is shown, select + Add another state
7. Proceed through the state screens until you get to the Child and Working Family Credits screen.  Select Continue
8. On the next Child and Working Family Credits screen, you'll see whether or not you qualify for the credit and, if so, how much you're entitled to.  See below

The Working Family Credit and Child Tax Credit are reduced when your adjusted gross income is greater than $29,500, or $35,000 if you're married filing jointly. 

See the Instructions is 2023 Schedule M1CWFC, Minnesota Child and Working Family Credits, 2023 Schedule M1DQC, Dependents and Qualifying Children and Working Family Credit for qualifying information.