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4 NEAR FINAL DRAFT 8/1/24 4
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6 *241391* 6
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2024 Schedule M1SLC, Student Loan Credit
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10 YOUR FIRST NAME,INITXXXXXXXXXXX LAST NAMEXXXXXXXXXXXXXXXXXX 999999999 10
11 Your First Name and Initial Last Name Social Security Number 11
12 SPOUSE FIRST NAME,INITXXXXXXXXX SPOUSE LAST NAMEXXXXXXXXXXX 999999999 12
13 Spouse’s First Name and Initial Last Name Social Security Number 13
14 To claim this credit, you must be a full-year or part-year Minnesota resident. 14
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16 A — Taxpayer B — Spouse 16
17 1 Total amount you paid toward your own qualified education loans in 2024. 17
18 Do not include amounts you paid toward another individual’s loans. . . . . . . . . . 1 12345678 12345678 18
19 2 Your federal adjusted gross income (see instructions). If you are married 19
20 and filing a joint return, complete the Worksheet for Line 2 . . . . . . . . . . . . . . . 2 12345678 12345678 20
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22 3 Subtract $10,000 from line 2. If zero or less, enter 0 . . . . . . . . . . . . . . . . . . . . . . 3 12345678 12345678 22
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24 4 Multiply line 3 by 10% (0.10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 12345678 12345678 24
25 5 Subtract line 4 from line 1. 25
26 (If the result in a column is zero or less, STOP in that column.) . . . . . . . . . . . . . 5 12345678 12345678 26
27 6 Enter your total earned income, including wages, salaries, tips, 27
28 and net earnings from self-employment (see instructions). 28
29 If zero or less, STOP HERE. You do not qualify .. ..... ....... ..... ...... .... 6 12345678 12345678 29
30 7 Enter the lesser of $5,000 or the amount of qualified education loan used to 30
31 pay for postsecondaryyour education (see instructions) . . . . . . . . . . . . . . . . . . . .7 12345678 12345678 31
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33 8 Multiply line 7 by 10% (0.10)... ...... ..... ....... ..... ...... ..... ..... 8 12345678 12345678 33
34 9 Enter the amount of interest you paid in 2024 on qualified education loans 34
35 used to pay for your postsecondary education 35
36 (from box 1 of federal Form 1098-E) ... ...... ..... ....... ..... ...... .... 9 12345678 12345678 36
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38 10 Add lines 8 and 9 ... ...... ..... ....... ..... ...... ..... ..... ...... . 10 12345678 12345678 38
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40 11 Enter the lesser of line 5, 6, or 10 ... ...... ..... ....... ..... ...... .... 11 12345678 12345678 40
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42 12 Maximum credit $500is per person... ...... ..... ....... ..... ...... .. 12 500 500 42
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44 13 Amount from line 11 or line 12, whichever is less... ...... ..... ....... ... 13 12345678 12345678 44
45 14 Full-year residents: amountthe Enter 13.from line 45
46 Part-year residents: If you are not filing a joint return, 46
47 multiply the amount on line 13 by line 30 of Schedule M1NR. 47
48 If you are filing a joint return, see instructions. ... ...... ..... ....... ..... 14 12345678 12345678 48
49 15 Add line 14 from columns A and B. 49
50 the Enter result andhere on line 9 Schedule of ......M1C ...... ..... ... 15 12345678 50
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52 Include this schedule when you file Form M1. Keep a copy for your records. 52
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