Tax Credit Guide Tax Year 2017
TABLE OF CONTENTS What   s in this guide   Introduction  3  Who Should File Taxes  4  Types of Tax Credits  5  Earned Inco...
INTRODUCTION What   s this guide about   Filing taxes can be a complicated process. Use this guide as a starting point whe...
WHO SHOULD FILE TAXES Learn about instances when it would be a good idea to file taxes, even if you are not legally requir...
TYPES OF TAX CREDITS Learn about the kinds of tax credits you can claim.  Non-refundable tax credits can reduce your tax l...
EARNED INCOME TAX CREDIT      Federal credit      Refundable credit  About this credit - The Earned Income Tax Credit  EIT...
WORKING FAMILY CREDIT      Minnesota state credit      Refundable credit  About this credit - The Working Family Credit  W...
CHILD TAX CREDIT      Federal credit      Non-refundable credit  CTC  and refundable credit  ACTC   About this credit - Th...
CHILD AND DEPENDENT CARE CREDIT      Federal and Minnesota state credit      Federal credit is non-refundable, state credi...
AMERICAN OPPORTUNITY CREDIT      Federal credit      Refundable  up to  1,000  and non-refundable credit  up to  1,500   A...
LIFETIME LEARNING CREDIT      Federal credit      Non-refundable credit  About this credit - If you, your spouse, or your ...
MINNESOTA K-12 EDUCATION CREDIT      Minnesota state credit      Refundable credit  About this credit - If you paid qualif...
RETIREMENT SAVINGS CREDIT      Federal credit      Non-refundable credit  About this credit - The Retirement Savings Credi...
MINNESOTA HOMESTEAD CREDIT REFUND      State property tax refund      Refundable credit  About this refund - Homeowners in...
RENTER   S PROPERTY TAX REFUND      State property tax refund      Refundable credit  About this refund - Renters in Minne...
PREMIUM TAX CREDIT      Federal credit      Refundable credit  About this credit - If you purchased your health insurance ...
FORMS FOR EACH TAX CREDIT Want to find a credit on your tax return  Find the correct tax form and line on Form 1040  feder...
FREE TAX PREP Save hundreds of dollars by filing for free   Tax preparation can be expensive, but it doesn   t have to be....
TAX PREPARATION CHECK LIST Know what you should bring with you to file taxes.  1. Personal Information o Picture ID o  Bir...
Claim it  Prepare   Prosper 2610 University Avenue West Suite 450 St. Paul, MN 55114 Claim It  is a statewide awareness ca...