Fillable Schedule M1read - Minnesota Reading Credit 2014 (Page 2 of 3) in pdf

2014 Schedule M1READ Instructions

In 2014, the Minnesota legislature

You Must Have Proof

Line 2

Save records (such as itemized invoices and

To qualify, the treatment must be intended to

passed a law allowing this credit for

canceled checks) of all your expenses . You may

improve your child’s basic reading skills, read-

tax year 2014 only.

be asked to show such records if there is any

ing comprehension and reading fluency .

question concerning your reading credit .

Who is Eligible?

What type of Treatment Qualifies?

You may be able to receive a refundable credit

To qualify, the treatment must:

Penalty for Fraudulently Claiming a Credit

for non-reimbursed expenses you paid to

If you file a return that fraudulently claims a

• Use a recognized diagnostic assessment

assist your qualifying child with meeting state-

credit, you will be assessed a penalty equal to

to determine what intervention would be

required academic standards . To be eligible

50 percent of the fraudulently claimed credit .

most appropriate for your child, and

for this credit, you must meet the following

Line Instructions

criteria:

• Use a research based method to teach

Round amounts to the nearest whole dollar.

language decoding skills in a systematic

• Your child has been evaluated for an Indi-

manner .

Line 1

vidualized Education Program (IEP) and

You cannot use the same expenses to claim the

does not qualify;

If you are unsure if your child’s treatment

K-12 education credit and reading credit . If

qualifies, contact the treatment provider.

• Your qualifying child does not meet stan-

you claimed the K-12 education credit use the

dards for reading competency;

worksheet below to determine the instruction

Line 8

• You paid a qualifying instructor to tutor

and tutoring fees you may use for the reading

If your Minnesota gross income is below the

your child in order to meet state academic

credit .

filing requirement and you’re filing Form M1

standards in certain areas of study; and

to claim this credit, you should have entered

What type of Tutoring Qualifies?

• The expenses you paid to the instructor

zero on line 23 of Schedule M1NR . However,

Tutoring by a qualified instructor to help

meet the criteria identified below .

to correctly determine this credit, you must

the qualifying child meet state academic

first fully complete Schedule M1NR to deter-

standards in school subjects such as

What is a Qualifying Child?

mine what the amounts would have been, and

Language Arts, Math, Science, Social

For purposes of this credit, a qualifying child:

then follow the Worksheet for Line 8 below .

Studies, History, Geography, Economics and

• Is your child, grandchild, great-grandchild,

Government .

brother, sister, niece or nephew;

• Is enrolled in a grade K-12;

Worksheet for Line 1

• Lived with you for more than half the year

1 Enter the amount from Schedule M1ED, line 15 . . . . . . . . . . . . . . . . . . . . . . . .

in the United States;

2 Enter the amount from Schedule M1ED, line 18 . . . . . . . . . . . . . . . . . . . . . . . .

• Is not claimed as a qualifying child by any

3 Multiply step 2 by 1 .333 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

other person;

4 Subtract step 3 from step 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• Was evaluated for, but found not to have, a

5 Enter the amount from Schedule M1ED, line 8 for your qualifying

specific learning disability; and

children for the Reading Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• Was found, as part of the school district’s

6 Enter the smaller of step 4 or step 5 here and on line 1 . . . . . . . . . . . . . . . . . . .

evaluation, to have a deficiency in basic

reading skills, comprehension or fluency

that impairs him or her to meet expected

age or grade-level standards .

Worksheet for Line 8

What is a Qualifying Instructor?

1 Line 11, column B, of Schedule M1NR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A qualifying instructor is a person who is

2 Line 22, column B, of Schedule M1NR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

not a parent, grandparent, or sibling of the

3 Subtract step 2 from step 1 (if zero or less, stop here; you don’t qualify) . . . . . . .

qualifying child and:

4 Line 24 of Schedule M1NR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• Has a valid teaching license in the field

5 Divide step 3 by step 4 (carry to five decimal places) . If step 3 is more than

and grade level taught (or is supervised by

step 4, enter 1 .0 . Enter result on the space provided on line 8 of

someone in this category);

Schedule M1READ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• Has successfully completed a teacher

6 Multiply step 5 by line 7 of Schedule M1READ . . . . . . . . . . . . . . . . . . . . . . . . . .

competency evaluation;

• Teaches at an accredited private school; or

• Has a bachelor’s degree

What Expenses Qualify?

A qualifying expense is an expense that:

• You paid for qualified instruction, tutoring

or treatment and can document;

• You did not receive reimbursement from

insurance or a pretax medical account for;

and

• Was not used to claim the K-12 education

credit on Schedule M1ED or the K-12

education subtraction on Schedule M1M,

line 17

Schedule M1read - Minnesota Reading Credit 2014 Page 2

Related Articles

Related forms

Related Categories