MN HF1373

Increases the maximum home computer and technology expense limit from $200 to $300 per family for personal computer hardware, educational software, and internet service provider charges.

Raises the income threshold for the Minnesota education credit from $33,500 to $45,000 for claimants claiming the maximum credit.

Adjusts the credit reduction formula so families with one qualifying child see credit reduced by $1 for each $4 of income over $45,000, and families with two or more children see reduction by $2 for each $4 of income over $45,000.

Allows taxpayers to claim refunds for education-related expenses incurred in tax years 2020 and 2021 under the expanded credit provisions.

Changes are effective retroactively for taxable years beginning after December 31, 2019.