Schedule M1cd - Child And Dependent Care Credit - 2012 Page 4
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4Operators of Licensed Family
Common examples include:
• prior year passive activity loss carryfor-
ward claimed in 2012 for federal purposes
• workers’ compensation benefits
Day Care Homes
Do not include on line 5:
Operators of licensed family day care homes
• your contributions to an employee elective
can claim a child care credit when they
deferral plan, such as a 401(k), 403(b), 457
• Minnesota property tax refunds
care for their own child if the child had not
deferred compensation or SIMPLE/SEP
• tuition and fees
reached the age of six years at the end of
plan
• child support payments
2012. If the child was 16 months or younger
• contributions made to a dependent care
at the end of 2012, the credit is based on
• a dependent’s income, including Social
account (as shown on your W-2 form)
$3,000 of qualified expenses ($6,000 if there
Security
and/or medical expense account
are two children age 16 months or younger).
• any state income tax refunds not included
• nontaxable employee transit and parking
If, at the end of the year, a child was older
on line 1
expenses
than 16 months but younger than age six, the
• the dollar value of food, clothing, food
• veterans’ benefits
credit is based on the amount the provider
stamps and medical supplies received from
would charge for a child of the same age be-
• nontaxable scholarships, fellowships,
government agencies
ing cared for in the home for the same num-
grants for education, including those from
• payments from life insurance policies
ber of hours (up to the maximum amounts).
foreign sources, and tuition waivers or
reductions
• payments by someone else for your care by
To correctly determine your credit, you must
a nurse, nursing home or hospital
• federal subsidies paid to employers for
complete a separate federal Form 2441 using
providing prescription drug coverage for
• fuel assistance payments
the above qualified expense amounts instead
their retirees
of any expenses you actually paid. Include
• IRA rollovers
the recomputed Form 2441 you used to
• nontaxable pension and annuity payments,
• gifts and inheritances
determine your Minnesota credit when you
including disability payments (However,
• nontaxable Holocaust settlement payments
file Form M1.
do not include distributions received from
a Roth IRA or any pension or annuity
Line 6
Place an X in the appropriate box above line
that you funded exclusively, for which
Household Income
1 and enter your day care license number in
your contributions could not be taken as a
If your household income on line 6 is more
the space provided.
federal tax deduction.)
than $37,950, do not continue. You do not
Line Instructions
qualify for the Minnesota Child and Depen-
• lump-sum distribution reported on line 1
dent Care Credit.
of Schedule M1LS
Round amounts to the nearest whole dollar.
• federally nontaxed interest and mutual
Line 7
Line 1
fund dividends
Credit Amount From Table
Federal Adjusted Gross Income
• income excluded by a tax treaty
The table for line 7 is on the back of Schedule
Enter your federal adjusted gross income
M1CD. Using the amount on line 6 and the
• rent reduction received for being a care-
from your 2012 federal return. If the amount
number of qualifying persons (see Qualify-
taker
is a net loss (a negative amount), enter the
ing person on the front of this sheet), find the
negative number. Put parentheses around a
• military or clergy housing allowance
credit amount to enter on line 7.
negative number.
• nontaxable military earned income, such
as combat pay
If you did not file a 2012 federal return,
Lines 10-13
obtain a federal return and instructions to
• strike benefits
The Child and Dependent Care Credit is
determine what your federal ad justed gross
based on earned income taxable to Minne-
• employer paid education or adoption
income would have been.
sota. You must complete lines 10 through 13
expenses
to determine the credit amount if you:
• the gain on the sale of your home excluded
Line 2
• are a part-year resident or nonresident;
from federal income
Nontaxable Social Security and/or Rail-
• are eligible to claim a subtraction for reser-
road Retirement Board Benefits
• adjustment to federal adjusted gross
Enter the total received in 2012 from the fol-
vation income; or
income from Schedule M1NC
lowing that is not included in line 1:
• claimed a subtraction for income from
Also include on line 5 the following losses
operating a qualified business in a Job Op-
• Social Security benefits (do not include
and deductions to the extent they reduced
portunity Building Zone.
benefits received by dependents); and
your federal adjusted gross income:
• Railroad Retirement Board benefits.
• health savings account, educator expenses,
Questions? Need forms?
domestic production activities and the
Include amounts deducted for payments of
Forms and information are available on
Archer MSA deductions
Medicare premiums.
our website at
• capital loss carryforward
Or you may order forms anytime by calling
Line 5
651-296-4444 or 1-800-657-3676.
• net operating loss carryforward/carryback
Additional Nontaxable Income
• the amount of a passive activity loss that
If you have questions and need to speak to a
Enter your total nontaxable income re-
is not disallowed as a result of section
representative, call 651-296-3781 or
ceived in 2012 that is not included on lines 1
469, paragraph (i) or (m) of the Internal
1-800-652-9094. TTY users call 711 for Min-
through 4. Enter the type(s) of income in the
Revenue Code and the amount of passive
nesota Relay. Send us an email at Individual.
space provided on line 5.
activity loss carryover allowed under sec-
incometax@state.mn.us.
tion 469(b) of the Internal Revenue Code
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