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M500, Reporting of JOBZ Tax Benefits for Tax Year Revenue State Mn  Form

M500, Reporting of JOBZ Tax Benefits for Tax Year Revenue State Mn Form

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if you are an American Indian living in Minnesota you may be eligible to reduce the taxes you owe through the state's tax credits these tax credits can reduce the taxes you owe to zero if the tax credits are refundable and exceed the amount you owe they can even create a refund on your tax return Minnesota's income tax credits include the working Family Credit the Child Independent Care Credit the K12 education credit the combat zone credit and the child tax credit the Minnesota working Family Credit is a refundable credit for working individuals whose income is below a certain level you can receive this credit even if you are exempt from Minnesota taxes if you are an enrolled member of your tribe and you live and work on the reservation where you are an enrolled member to qualify for the working Family Credit you must be a FYE or partye Minnesota resident and be eligible to claim the federal Earned Income Tax Credit the Minnesota Child Independent Care Credit is a refu

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