To qualify for the 2020 credit, all of the following must be true:
- You are married and filing a joint return.
- Both you and your spouse have taxable earned income, taxable pensions, or taxable Social Security income.
- Your joint taxable income is at least $40,000.
- The income of the lesser-earning spouse is at least $25,000.
If you or your spouse is a part-year resident or nonresident, you may claim this credit based on the percentage of Minnesota income from Schedule M1NR, Nonresidents/Part-Year Residents.
Note: Before claiming this credit for tax year 2018, review the 2018 Schedule M1NC, Federal Adjustments, and determine if you must file this schedule. For more information, see Federal Adjustments.