Minnesota bill SF249 modifies the tax credit for teachers attaining a master's degree to include special education.

Minnesota bill SF249 amends the state's tax code to expand the credit for attaining a master's degree in a teacher's licensure field to include a master's degree in special education. Licensed elementary school teachers who pursue and complete a master's degree program in either a core content area or special education can claim a credit against their income tax. The credit equals the lesser of $2,500 or the amount paid for tuition, fees, books, and instructional materials. This change is effective for taxable years beginning after December 31, 2024.

Minnesota bill SF249 modifies the tax credit for teachers attaining a master's degree to include special education.

Minnesota bill SF249 amends the state's tax code to expand the credit for attaining a master's degree in a teacher's licensure field to include a master's degree in special education. Licensed elementary school teachers who pursue and complete a master's degree program in either a core content area or special education can claim a credit against their income tax. The credit equals the lesser of $2,500 or the amount paid for tuition, fees, books, and instructional materials. This change is effective for taxable years beginning after December 31, 2024.