Parents in Minnesota, hold onto your back-to-school receipts—next tax season, you could get cash back for education expenses. Two tax breaks are available: the K-12 Education Credit (with income limits based on kids) and the K-12 Education Subtraction (no income limits). The credit tops out at $389 average, while the subtraction averages over $1,400. Eligible items include textbooks, tech like hotspots and routers, tutoring, and summer camps—all with a $200 cap on computer gear. Keep those receipts organized; it’s money well spent.
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