Minnesota SF2508 raises the income threshold for the child tax credit.

Minnesota SF2508 amends the child tax credit by increasing the income threshold for eligibility. For married taxpayers filing jointly, the threshold rises from $35,000 to $45,490. For all other filers, the threshold increases from $29,500 to $38,340. The changes apply to taxable years beginning after December 31, 2024.

Minnesota SF2508 raises the income threshold for the child tax credit.

Minnesota SF2508 amends the child tax credit by increasing the income threshold for eligibility. For married taxpayers filing jointly, the threshold rises from $35,000 to $45,490. For all other filers, the threshold increases from $29,500 to $38,340. The changes apply to taxable years beginning after December 31, 2024.