Answer

  • The new Minnesota Child Tax Credit came about in part through the Families First Project - an initiative of the Minnesota Catholic Conference. 
  • The tax credit is a reduction in the amount you may owe on your taxes in a given year. If you do not owe anything, the amount you receive from the tax credit will be refunded to you via your tax return.
  • The credit is worth up to an amount of $1,750 per child depending on your income, with no cap on the number of children to whom it can apply.  
  • This new credit will put money back into the pockets of Minnesota's most important providers – parents.