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Minnesota Free Printable 2018 M1WFC, Minnesota Working Family Credit for 2020 Minnesota Working Family Credit

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Working Family Credit
2018 M1WFC, Minnesota Working Family Credit

2018 Schedule M1WFC, Minnesota Working Family Credit *181441* 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. Before you complete this schedule, complete the appropriate federal EIC worksheet. Your First Name and Initial Number of Qualifying Children: Child’s First, Middle Initial, Last Name (If you have more than two qualifying children, list only two) None Last Name One Relationship to You (for example: son, daughter, etc.) Your Social Security Number Two or More Number of Months the Child Lived With You in 2018 (see instructions) Child’s Date of Birth (mm/dd/yyyy) Child’s Social Security Number Round amounts to the nearest whole dollar. 1 Enter your total earned income from line 1 of EIC Worksheet A or line 6 of EIC Worksheet B. . . . . . . . . . . . . . . . . . 1 2 Complete the Worksheet for Line 2 in the instructions if you filed Schedule M1NC. Enter the result here . . . . . . . 2 3 Add lines 1 and line 2. If the result is less than zero, enter 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Using the amount on line 3, your filing status, and the number of qualifying children, find the credit amount using the Working Family Credit table in the Form M1 instructions 5 Federal adjusted gross income (from line 1 of Form Form M1; if less than zero, enter as a negative number) . . . . . 5 6 Enter the amount from line 36 of Schedule M1NC. Enter as a negative amount if you entered the amount on line 40 of Schedule M1M.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Add lines 5 and 6. If the result is less than zero, enter 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 If line 7 is the same as line 3, skip line 8 and enter the amount from line 4 on line 9. 8 If you have: • no qualifying children, is line 7 less than $8,530 ($14,230 if married filing joint)? • only one qualifying child, is line 7 less than $22,230 ($27,930 if married filing joint)? • two or more qualifying children, is line 7 less than $26,360 ($32,060 if married filing joint)? Yes. Skip this line and go to line 9 below. 9 Working family credit amount. • If you answered Yes on line 8, enter the amount from line 4. • If you answered No on line 8, enter the amount from line 4 or line 8, whichever is less . . . . . . . . . . . . . . . . . . 9 Full-year residents: Also enter this amount on line 2 of Schedule M1REF. 10 Part-year residents: Multiply line 9 by line 26 of Schedule M1NR. Enter the result here and on line 2 of Schedule M1REF. However, if your Minnesota gross income is less than $10,650, see instructions; Enter the result from step 7 of the Worksheet for Line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Enter the result from step 5 of the Worksheet for Line 10 Include this schedule with your Form M1. Enter the number of qualifying children on line 2a of Schedule M1REF. 9995 2018 Schedule M1WFC Instructions Am I eligible? You may be eligible for the Minnesota Working Family Credit if all of the following are true: • You were a full-year or part-year resident of Minnesota in 2018. • You meet the income requirements below based on your filing status. • You have not been restricted by the Internal Revenue Service (IRS) from claiming the federal Earned Income Credit (EIC). Before you can complete Schedule M1WFC, you must complete the appropriate federal EIC Worksheet. Income requirements You may qualify for the Minnesota Working Family Credit if your income is below the following amounts based on your filing status and number of qualifying children: No qualifying children Filing Status Income Limit Married filing joint $21,000 Other than married filing joint $15,300 One qualifying child Filing Status Income Limit Married filing joint $46,000 Other than married filing joint $40,300 Two or more qualifying children Filing Status Income Limit Married filing joint $51,500 Other than married filing joint $45,800 If the IRS restricted you from claiming the federal EIC, you are not eligible for the Minnesota Working Family Credit. Information on Qualifying Children Near the top of Schedule M1WFC, check the box indicating your total number of qualifying children. Enter the requested information for each qualifying child. If you have more than two qualifying children, list only two. Enter the number of months the child lived with you during the year. If the child lived with you in the United States for more than half of the year but less than seven months, enter “7” in the space provided. If the child was born or died in 2018 and lived in your home for the entire time he or she was alive during the year, enter “12.” Enter the number of qualifying children on line 2a of Schedule M1REF, Refundable Credits. Is there a penalty for fraudulently claiming a refund? Yes. If you file a return that fraudulently claims a credit, you will be assessed a penalty equal to 50 percent of the fraudulently claimed credit. Line Instructions Round amounts to the nearest whole dollar. Line 10 Part-year residents If you are a part-year resident, you will determine your credit using your percentage of income taxable to Minnesota. If your gross income is less than $10,650, you should have entered zero on line 24 of Schedule M1NR, Nonresidents/Part-Year Residents. To correctly determine your credit, you must: 1. Fully complete Schedule M1NR by following the line instructions. 2. Use the Worksheet for Line 10 (below). Worksheet for Line 2 1 Earned income included in the additions column on lines 9 through 30 of Schedule M1NC, Federal Adjustments . . . . . . . . . . . . 2 Reimbursements for employee business expenses (from line 3 of Schedule M1NC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Add steps 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Bicycle expense reimbursements (from line 1 of Schedule M1NC) . . . . . . . 5 Moving expense reimbursements received from your employer and included on line 2 of Schedule M1NC . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Earned income included in the subtractions column on lines 9 through 30 of Schedule M1NC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Add steps 4 through 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Subtract step 7 from step 3. Enter the result on line 2. If the result is less than zero, enter as a negative amount on line 2. . . . . . . . Worksheet for Line 10 (for part-year residents whose Minnesota gross income is less than $10,650) Note: If you are a full-year nonresident, do not use this worksheet. You are not eligible for this credit. 1 Line 12, column B, of Schedule M1NR . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Line 23, column B, of Schedule M1NR . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Subtract step 2 from step 1. (If result is zero or less, STOP HERE. You do not qualify for the credit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Line 25 of Schedule M1NR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Divide step 3 by step 4 and enter the result as a decimal (carry to five decimal places). If step 3 is more than step 4, enter 1.0. Also enter the result on the space provided on line 10 of Schedule M1WFC . . . . . . . . . . . 6 Amount from line 9 of Schedule M1WFC . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Multiply step 5 by step 6. Also enter the result on line 10 of Schedule M1WFC and on line 2 of Schedule M1REF . . . . . . . . . . . . . . . . .
Extracted from PDF file 2018-minnesota-form-m1wfc.pdf, last modified October 2017

More about the Minnesota Form M1WFC Individual Income Tax Tax Credit

We last updated the Working Family Credit in January 2019, and the latest form we have available is for tax year 2018. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Minnesota Department of Revenue. You can print other Minnesota tax forms here.


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Other Minnesota Individual Income Tax Forms:

TaxFormFinder has an additional 95 Minnesota income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form M1 Individual Income Tax Return
Form M1PR Homestead Credit Refund (for Homeowners) and Renters Property Tax Refund
Form M1W Minnesota Income Tax Withheld (onscreen version)
Form M1M Income Additions and Subtractions (onscreen version)
Form M1NR Nonresidents/Part-Year Residents

Download all MN tax forms View all 96 Minnesota Income Tax Forms


Form Sources:

Minnesota usually releases forms for the current tax year between January and April. We last updated Minnesota Form M1WFC from the Department of Revenue in January 2019.

Show Sources >

Form M1WFC is a Minnesota Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Minnesota Form M1WFC

We have a total of eight past-year versions of Form M1WFC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form M1WFC

2018 M1WFC, Minnesota Working Family Credit

2017 Form M1WFC

2017 M1WFC, Minnesota Working Family Credit

2016 Form M1WFC

2016 M1WFC, Minnesota Working Family Credit

2015 Form M1WFC

2011 M1WFC, Minnesota Working Family Credit

Working Family Credit 2014 Form M1WFC

m1wfc_14.indd

2013 Minnesota Working Family Credit (onscreen version) 2013 Form M1WFC

2012 M1WFC, Minnesota Working Family Credit

2012 Form M1WFC

2012 M1WFC, Minnesota Working Family Credit

2011 Form M1WFC

2011 M1WFC, Minnesota Working Family Credit


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