Schedule M1REF Refundable Credits - Minnesota

What Is Schedule M1REF?

This is a legal form that was released by the Minnesota Department of Revenue - a government authority operating within Minnesota. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Schedule M1REF?
A: Schedule M1REF is a form used to report and calculate refundable credits in Minnesota.

Q: What are refundable credits?
A: Refundable credits are tax credits that can result in a refund even if you have no incometax liability.

Q: Which credits are reported on Schedule M1REF?
A: Credits such as the Working Family Credit, K-12 Education Credit, and Child and Dependent Care Credit are reported on Schedule M1REF.

Q: How do I calculate refundable credits?
A: The instructions on Schedule M1REF provide details on how to calculate each specific refundable credit.

Q: When is Schedule M1REF due?
A: Schedule M1REF is generally due at the same time as your Minnesota income tax return, which is due by April 15th or the next business day if April 15th falls on a weekend or holiday.