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Hundreds of thousands of Minnesota taxpayers qualify for working family credit

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The Minnesota Department of Revenue is encouraging thousands of Minnesota families to take advantage of the Working Family Credit during this tax filing season.

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"The Working Family Credit is a valuable resource for low-income working families," said acting Revenue Commissioner Dan Salomone. "The refundable credit can help lessen the financial burden that thousands of Minnesota families may be experiencing."

In tax year 2009, more than 324,000 families claimed the credit and received more than $193 million in refunds as a result of the credit.

If a taxpayer qualifies for the federal Earned Income Tax Credit, they may also qualify for the Minnesota Working Family Credit. For details regarding the Earned Income Tax Credit, visit the Internal Revenue Service's website at www.irs.gov .

In general, to qualify for the Working Family Credit, taxpayers must have a child that meets the following criteria:

-- The child must be your child, stepchild, grandchild, sibling, niece, nephew, or foster child,

--Under the age of 19 (under 24 if a full-time student),

--Must have lived with you in the United States for more than half the year

--And is not filing a joint return for 2010 or is filing a joint return for 2010 only as a claim for refund.

In addition, to qualify for the Working Family Credit, taxpayer's filing a joint return with one child must have income under $38,600 or under $43,400 with two or more children.

To claim the credit, taxpayers must file Form M1 and Schedule M1WFC. Visit the website at www.taxes.state.mn.us for more information.

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