Schedule M1cd - Child And Dependent Care Credit

What if I am a licensed daycare

Line Instructions

Questions? Need forms?

Round amounts to the nearest whole dollar.

Forms and information are available on our

operator?

website at

You may be able to claim a credit for the

Line 1

If you have questions:

care of your own child if your child was less

Federal Adjusted Gross Income

than six years of age at the end of 2017.

• Visit our website at

Enter your federal adjusted gross income

and enter child

from your 2017 federal return. If the amount

At the end of 2017:

and dependent care in the Search box.

is less than zero, enter the negative number.

• If the child was 16 months or younger,

Put parentheses around a negative number.

• Send us an email at

the credit is based on $3,000 of qualified

individual.incometax@state.mn.us

If you did not file a 2017 federal return, use

expenses ($6,000 if there are two children

• Call us at 651-296-3781 or 1-800-652-

a federal return and instructions to determine

age 16 months or younger)

9094

what your federal ad justed gross income

• If the child was older than 16 months but

would have been.

younger than age six, the credit is based

Line 2

on the amount the provider would charge

If your federal adjusted gross income is less

for a child of the same age being cared

than or equal to $50,000, skip line 3. Enter

for in the home for the same number of

the amount from line 9 of federal Form 2441

hours (up to the maximum amounts)

on line 2 and line 4 of Schedule M1CD.

To correctly determine your credit, you must

complete a separate federal Form 2441 using

Line 3

the amounts above instead your actual ex-

If line 1 is more than $50,000, complete the

penses. Include the recomputed Form 2441

Worksheet for Line 3.

you used to determine your Minnesota credit

when you file Form M1.

Worksheet for Line 3 (If Line 1 is More Than $50,000)

Place an X in the appropriate box above line

1 Enter your federal adjusted gross income from line 1

. . . . . . . . . . . . 1

1 and enter your day care license number in

$50,000

the space provided.

2 Income limit

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Subtract step 2 from step 1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4 Multiply step 3 by 5% (.05)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5. If you have one qualifying dependent, enter $600.

If you have two or more qualifying dependents, enter $1,200

. . . . . 5

6. Subtract step 4 from step 5. Enter the result here and on

Line 3 of Schedule M1CD (if $0 or less, enter $0)

. . . . . . . . . . . . . . 6

Schedule M1cd - Child And Dependent Care Credit - 2017 Page 3

Related Articles

Related forms

Related Categories