Save back-to-school shopping receipts for tax time

Dear partners,

Did you know that saving back-to-school shopping receipts could save families money at tax time? Not many people are thinking about their taxes in August, but it’s a good time to start.

Join us to spread the word about the important K-12 Education Credit that can help eligible families save! You can do so by distributing this flyer electronically or by ordering free education receipts envelope — simply reply back to this email.

The K-12 Education Credit/Subtraction offsets the education costs parents incur, ranging from everyday school supplies to computers and musical instruments. The credit allows parents to get 75% of qualifying expensesback in refunds, while the subtraction decreases their tax liability.

How to claim the credit or subtraction: Parents must save their receipts for tax time to claim their expenses. This simple step can help eligible* families save on their educational expenses.

Thanks for your partnership!

Mekdelawit Bayu
Outreach Coordinator
mbayu@accountabilitymn.org
651-262-2160

*For details about eligible income and expenses on the credit/subtraction call 651-296-3781 or visitMinnesota Department of Revenue’s website.

 

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