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Yes; it qualifies for the working family credit, but not the child tax credit. There are two separate tax credits:
Child Tax Credit - You must have a qualifying child - the credit is $1,750 per qualifying child.
Working Family - The Minnesota Working Family Credit is a refundable credit for working individuals whose income is below a certain level. You can qualify with zero dependents. However, if you do not have any dependents and are filing Married Filing Separately, you do NOT qualify. Single and Married Filing Jointly returns can qualify without dependents.
Yes, both credits are claimed on the same form - You qualify for the Working Family Credit. You are not eligible if any of these apply:
If you owe any other Minnesota tax or government debts, they may offset (take) your refund and apply it to the amount owed.
Yes; it qualifies for the working family credit, but not the child tax credit. There are two separate tax credits:
Child Tax Credit - You must have a qualifying child - the credit is $1,750 per qualifying child.
Working Family - The Minnesota Working Family Credit is a refundable credit for working individuals whose income is below a certain level. You can qualify with zero dependents. However, if you do not have any dependents and are filing Married Filing Separately, you do NOT qualify. Single and Married Filing Jointly returns can qualify without dependents.
Thank you, @DawnC !
Since TurboTax automatically applied the "Child and Working Family Credit" for me, would it still be the same situation? Just want to confirm whether it's correctly applying it based on my situation.
I'm single, have never been married, have no kids or dependents, have less than $11,600 in investment income, and have been a full-year resident of Minnesota.
Yes, both credits are claimed on the same form - You qualify for the Working Family Credit. You are not eligible if any of these apply:
If you owe any other Minnesota tax or government debts, they may offset (take) your refund and apply it to the amount owed.
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