Minnesota K-12 Education Credit and Subtraction: A Back-to-School Tax Guide
Minnesota families can claim a K-12 education credit and subtraction for school costs. Here's how both work, plus federal AOTC and LLC credits for 2026.
John C Thompson, EA
Tag: State Tax
5 posts
Charitable Giving Tax Benefits for Minnesota Donors: 2025-2026 Guide
Maximize your charitable giving tax benefits with Minnesota's unique non-itemizer deduction and new 2026 federal changes under OBBBA. Complete guide to strategic giving.
John C Thompson, EA
Understanding State Taxes: A Basic Guide for Individuals and Small Businesses
Learn about state income taxes, sales taxes, and property taxes. Understand how they work, what you owe, and special considerations for Minnesota residents and businesses.
John C Thompson, EA
SALT Deduction Jumps to $40,000: Planning Strategies for High-Tax States
The OBBBA Act increases the SALT deduction cap to $40,000 through 2029. Learn about the new limits and phase-out rules.
John C Thompson, EA
Minnesota Renters Credit Updates
Major changes to Minnesota's Renters Credit for 2024 - now filed with your regular tax return instead of separate M1PR form. Learn the new process and timeline benefits.
John C Thompson, EA