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    4                                                                    NEAR FINAL DRAFT 8/1/24                                                                                                                                                    4
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    6                                                                                                                                                                                                     *241481*                                  6
    7       2024 Schedule M1CWFC, Minnesota Child and Working Family Credits                                                                                                                                                                        7
    8                                                                                                                                                                                                                                               8
    9  To claim this credit, you must be a full- or part-year resident of Minnesota. If you are a full-year nonresident, you are not eligible for this credit.                                                                                      9
    10 Do not complete Schedule M1CWFC if you have a 2-year or 10-year IRS ban or are otherwise restricted from claiming the federal Earned Income                                                                                                  10
    11 Credit (EIC).                                                                                                                                                                                                                                11
    12                                                                                                                                                                                                                                              12

    13 TAXPAYER’SFirstYour Name and Initial 1ST NAME,INI       TAXPAYER’SLast Name      LAST NAMEXXXXXXXXXXXXX                  999999999SocialYour                                                       Security Number                           13
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    15                                                                                                                                                                                                                                              15
    16      X   Check this box if you are married filing separately and meet the exceptions in the instructions                                                                                                                                     16
    17                                                                                                                                                                                                                                              17
    18      Advance Payment of Child Tax Credit for 2025 (See Section 2)                                                                                                                                                                            18
    19      Note: If you elect to receive advance payments of your 2025 child tax credit, you are required to file a 2025 income tax return, regardless of other                                                                                    19
    20      filing requirements and you may have to repay your advance payment in certain situations. See instructions for more information.                                                                                                        20
    21                                                                                                                                                                                                                                              21
    22      X   Check this box if you are electing to receive advance payment of your 2025 child tax credit (see instructions)                                                                                                                      22
    23                                                                                                                                                                                                                                              23
    24      X   This check box for future use.                                                                                                                                                                                                      24
    25                                                                                                                                                                                                                                              25
    26      Section 1                                                                                                Round amounts to the nearest whole dollar.                                                                                     26
    27                                                                                                                                                                                                                                              27
    28   1  Enter the amount from line 1 of Form M1 . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . .  1                                              12345678          28
    29                                                                                                                                                                                                                                              29
    30   2  Enter your total earned income (see instructions; if less than zero, enter zero) . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . .  2                                                                      12345678          30
    31                                                                                                                                                                                                                                              31
    32   3  If line 2 is greater than $9,220, enter $9,220 . Otherwise enter the amount from line 2 . . .  . . . . . .  . . . . .  . . . . . . .  3                                                                               12345678          32
    33                                                                                                                                                                                                                                              33
    34   4  Multiply line 3 by 4% (.04) . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  4                              12345678          34
    35                                                                                                                                                                                                                                              35
    36           5  Credit for Qualifying Older Children: If you have:  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . .  5                                       12345678          36
    37                    •  One qualifying older child, enter $970                                                                                                                                                                                 37
    38                    •  Two qualifying older children, enter $2,210                                                                                                                                                                            38
    39                    •       Three or more qualifying older children, enter $2,630                                                                                                                                                             39
    40   6  Add lines 4 and 5  .  . . . . . .  . . . . . .  . . . . . .  . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . .  6                       12345678          40
    41                                                                                                                                                                                                                                              41
    42   7  Number of qualifying children (see instructions)   . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . .  7                                                12345678          42
    43                                                                                                                                                                                                                                              43
    44   8  Multiply line 7 by $1,750                . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .  8              12345678          44
    45                                                                                                                                                                                                                                              45
    46   9  Add lines 6 and 8  .  . . . . . .  . . . . . .  . . . . . .  . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . .  . 9                       12345678          46
    47                                                                                                                                                                                                                                              47
    48   10  Enter the greater of line 1 or 2  . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  .  . 10                                12345678          48
    49                                                                                                                                                                                                                                              49
    50   11  Enter $36,880 if married filing jointly or $31,090 for any other filing status  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . 11                                                                    12345678          50
    51                                                                                                                                                                                                                                              51
    52   12  If line 10 is less than line 11, see instructions. Otherwise, subtract line 11 from line 10   . . .  . . . . . .  . . . . . .  . . .  . 12                                                                           12345678          52
    53                                                                                                                                                                                                                                              53
    54   13  If you had an amount on line 5 but not on line 8, enter 9%(.09). Otherwise enter 12% (0.12)   .  . . . . . .  . . . . . .  . 13                                                                                      12345678          54
    55                                                                                                                                                                                                                                              55
    56   14  Multiply line 12 by line 13  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . .  . 14                             12345678          56
    57   15  Subtract line 14 from line 9. If less than zero, enter 0. If you are a full year resident,                                                                                                                                             57
    58                  enter this amount on line 2 of Schedule M1REF . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . 15                                         12345678          58
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    63                                                                                  9995                                                                                                                                                        63
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    4   2024 M1CWFC, page 2                                                                                                                                                                                                      4
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    6                                                                                                                                                                                              *241501*                      6
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    9    16  Part year residents: If your Minnesota gross income is: . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  .16  . . .                                    12345678          9
    10       • $14,575 or more, multiply line 15 by line 30 of Schedule M1NR.                                                                                                                                                    10
    11         Enter the result here and on line 2 of Schedule M1REF                                                                                                                                                             11
    12       • Less than $14,575, see instructions                                                                                                                                                                               12
    13     Enter the result from step 5 of the Worksheet for line 16: 123456                                                                                                                                                     13
    14                                                                                                                                                                                                                           14
    15 Section 2 — Advance Payment of Child Tax Credit                                                                                                                                                                           15
    16   17  Multiply line 15 by 50%  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . 17          12345678          16
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    18   18  Divide line 8 by line 9. Round to the nearest five decimal places  . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . 18                                          12345678          18
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    20   19  All filers: Multiply line 17 by line 18  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  .  . 19               12345678          20
    21                                                                                                                                                                                                                           21
    22   20  Part year residents:  Multiply line 19 by line 30 Schedule M1NR   . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . 20                                           12345678          22
    23                                                                                                                                                                                                                           23
    24   21  If you claimed a qualifying child who was 17 at the end of 2024, divide the number of qualifying children                                                                                                           24
    25     who were under 17 by your total number of qualifying children (round to the nearest five decimal places),                                                                                                             25
    26     otherwise, enter 1 on line 21  . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . .21  . . .  .                 12345678          26
    27       Number of Qualifying Children for the Child Tax Credit who were under 17 at the end of 2024:                                                123456                                                                  27
    28                                                                                                                                                                                                                           28
    29   22  Multiply line 19 (or line 20 if you were a part year resident) by line 21.   . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  .  . 22                                            12345678          29
    30                                                                                                                                                                                                                           30
    31   23  Divide line 22 by three to get the amount of each advance payment you will receive (see instructions)    . .  . .  . 23                                                                           12345678          31
    32                                                                                                                                                                                                                           32
    33   24  Direct deposit of your advance payment:                                                                                                                                                                             33
    34                                                                                                                                                                                                                           34
    35       X       Checking X      Savings     123456781234567 1234567891234567891234                                                                                                                                          35
    36                                           Routing Number                                        Account Number                                                                                                            36
    37                                                                                                                                                                                                                           37
    38                                                                                                                                                                                                                           38
    39  Include this schedule with your Form M1. Enter the number of qualifying children on line 2a and the number of qualifying                                                                                                 39
    40  older children on line 2b of Schedule M1REF.                                                                                                                                                                             40
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    63                                                                                                 9995                                                                                                                      63
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