NEAR FINAL DRAFT 8/1/24

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2024 Schedule M1CWFC, Minnesota Child and Working Family Credits

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. 
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 
Credit (EIC).                        

Your First Name and Initial         Last Name                                                                    Your Social Security Number
 
   Check this box if you are married filing separately and meet the exceptions in the instructions

Advance Payment of Child Tax Credit for 2025 (See Section 2) 
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 
filing requirements and you may have to repay your advance payment in certain situations. See instructions for more information.

   Check this box if you are electing to receive advance payment of your 2025 child tax credit (see instructions)

   This check box for future use.

Section 1                                                                                         Round amounts to the nearest whole dollar.

  1  Enter the amount from line 1 of Form M1 . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . .  1   

  2  Enter your total earned income (see instructions; if less than zero, enter zero) . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . .  2   

  3  If line 2 is greater than $9,220, enter $9,220 . Otherwise enter the amount from line 2 . . .  . . . . . .  . . . . .  . . . . . . .  3   

  4  Multiply line 3 by 4% (.04) . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  4   

 5  Credit for Qualifying Older Children: If you have:  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . .  5                         
     •  One qualifying older child, enter $970
     •  Two qualifying older children, enter $2,210
     • Three or more qualifying older children, enter $2,630
  6  Add lines 4 and 5  .  . . . . . .  . . . . . .  . . . . . .  . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . .  6   

  7  Number of qualifying children (see instructions)   . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . .  7   
 
  8  Multiply line 7 by $1,750 . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .  8   

  9  Add lines 6 and 8  .  . . . . . .  . . . . . .  . . . . . .  . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . .  . 9   

  10  Enter the greater of line 1 or 2  . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  .  . 10   

  11  Enter $36,880 if married filing jointly or $31,090 for any other filing status  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . 11   

  12  If line 10 is less than line 11, see instructions. Otherwise, subtract line 11 from line 10   . . .  . . . . . .  . . . . . .  . . .  . 12   

  13  If you had an amount on line 5 but not on line 8, enter 9%(.09). Otherwise enter 12% (0.12)   .  . . . . . .  . . . . . .  . 13   

  14  Multiply line 12 by line 13  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . .  . 14   
  15  Subtract line 14 from line 9. If less than zero, enter 0. If you are a full year resident,  
   enter this amount on line 2 of Schedule M1REF . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . 15   

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 2024 M1CWFC, page 2
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  16  Part year residents: If your Minnesota gross income is: . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . 16                                 
     • $14,575 or more, multiply line 15 by line 30 of Schedule M1NR.  
       Enter the result here and on line 2 of Schedule M1REF                      
     • Less than $14,575, see instructions      
    Enter the result from step 5 of the Worksheet for line 16:

Section 2 — Advance Payment of Child Tax Credit  
  17  Multiply line 15 by 50%  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . 17   

  18  Divide line 8 by line 9. Round to the nearest five decimal places  . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . 18   

  19  All filers: Multiply line 17 by line 18  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  .  . 19   

  20  Part year residents:  Multiply line 19 by line 30 Schedule M1NR   . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . 20   

  21  If you claimed a qualifying child who was 17 at the end of 2024, divide the number of qualifying children  
    who were under 17 by your total number of qualifying children (round to the nearest five decimal places),  
    otherwise, enter 1 on line 21  . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . 21              
     Number of Qualifying Children for the Child Tax Credit who were under 17 at the end of 2024: 

  22  Multiply line 19 (or line 20 if you were a part year resident) by line 21.   . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  .  . 22   

  23  Divide line 22 by three to get the amount of each advance payment you will receive (see instructions)    . .  . .  . 23   

  24 Direct deposit of your advance payment:

        Checking  Savings     
                              Routing Number                           Account Number

 Include this schedule with your Form M1. Enter the number of qualifying children on line 2a and the number of qualifying                                                                            
 older children on line 2b of Schedule M1REF. 

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