"Minnesota Offers New Child Tax Credit to 300,000 Families"

1 min read
Source: KSTP
"Minnesota Offers New Child Tax Credit to 300,000 Families"
Photo: KSTP
TL;DR

Minnesota is urging residents to take advantage of the new child tax credit, which could benefit nearly 300,000 lower-income households with up to $1,750 per child on their 2023 tax returns. The credit aims to reduce child poverty by one-third, but has income restrictions and is part of a $400 million initiative. Free tax preparation assistance is available at over 170 locations, and changes to the federal child tax credit are still being considered.

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