Minnesota K-12
Education Credit and Subtraction

Online Students of Queen of All Saints Academy who live in the state of Minnesota are eligible for income tax subtraction or an income tax credit.

Visit HERE for details on eligibility, documentation, qualifying expenses, and limits on tax credits or tax subtractions.

Subtraction Limits

You may subtract your actual qualifying educational expenses, up to a maximum of $1,625 per qualifying child in grades K–6, and $2,500 for a qualifying child in grades 7–12. In the case where a child went from 6th grade to 7th grade during the calendar year, the maximum for that child is $2,500. There is no family maximum subtraction, only a per-child maximum.

Low Income Tax Credit Limits

To qualify for the credit, your household income must be under a certain limit based on the number of qualifying children you have in grades K–12. The tax credit is up to $1,000 per child in grades K-12. This may be less depending on your income.

Financial support beyond Subtractions and Credits may be available to students through applying for Financial Aid in FACTS.