Schedule M1slc - Minnesota Student Loan Credit - 2017

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*171391*
2017 Schedule M1SLC, Student Loan Credit
Your First Name and Initial
Last Name
Social Security Number
Spouse’s First Name and Initial
Last Name
Social Security Number
To claim this credit you must be a full- or part-year resident of Minnesota.
A
B
Taxpayer
Spouse
1 Total amount you paid toward your qualified student loans in 2017 . . . . . . . . . . . . . . . . . . . . . . 1
2 Your federal adjusted gross income (from line 37 of federal Form 1040,
line 21 of Form 1040A, or line 4 of Form 1040EZ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Subtract $10,000 from line 2 and enter the result here. If less than zero, enter zero . . . . . . . . 3
4 Multiply line 3 by 10% (0.10) and enter the result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Subtract line 4 from line 1. (If the result is less than zero,
STOP HERE. You do not qualify.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Enter your total earned income such as wages, salaries, tips, and net earnings from self-
employment (see instructions) (If less than zero, STOP HERE. You do not qualify.) . . . . . . . . . . 6
7 Enter total amount of qualified student loans used to pay for your postsecondary education 7
(see instructions)
8 Multiply line 7 by 10% (0.10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Enter the amount of interest you paid in 2017 on qualified student loans
used to pay for your postsecondary education (from box 1 of federal Form 1098-E). . . . . . . . . 9
10 Add line 8 and line 9 and enter the result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 0
11 Enter the amount from line 5, line 6, or line 10, whichever is least . . . . . . . . . . . . . . . . . . . . 1 1
500
500
12 Maximum credit is $500 per person . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2
13 Amount from line 11 or line 12, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 3
14 Full-year residents: Enter the amount from line 13.
Part-year residents: If you are not filing a joint return, multiply the amount on line 13
by line 25 of Schedule M1NR. If you are filing a joint return, see instructions. . . . . . . . . . . . . 1 4
15 Add line 14a and 14b and enter the result here. Also enter this amount on line 9 of Schedule M1C . . . . . . . . . . . . . 1 5
Include this schedule when you file Form M1. Keep a copy for your records.
9995

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