M1M: Income Additions and Subtractions (2024)
Minnesota · Minnesota DOR · Used for tax years 2024
Minnesota Schedule M1M reports income additions and subtractions used to determine the amounts on lines 2 and 7 of Form M1. Include this schedule with your Form M1.
Who files this form
Use 2024 Schedule M1M to report the income additions and subtractions that apply to you and determine lines 2 and 7 of Minnesota Form M1. You must include the completed schedule with Form M1.
Items covered include:
- Additions for interest from another state's municipal bonds, certain tax-exempt mutual fund dividends, and higher education savings account distributions used for K–12 tuition.
- Subtractions for eligible charitable contributions, taxable Social Security benefits, qualifying K–12 education expenses, and certain military pay or pensions.
- Other additions and subtractions listed on the schedule, each with its own requirements.
What you'll need
Use the forms and worksheets that apply to your entries:
- Minnesota Form M1 and your federal return: Several entries use amounts from Form 1040 or 1040-SR and federal Schedule 1.
- Federal Form 4972: Include a copy if reporting the capital gain portion of a qualifying lump-sum distribution on line 4.
- Federal Form 1099-Q: Its reported earnings are used to calculate the line 6 addition for K–12 tuition distributions.
- Related Minnesota schedules: Include Schedule M1HOME for applicable first-time homebuyer savings account entries, M1529 for line 15, M1R for line 16, and M1QPEN for line 29. Lines 9 and 34 use amounts from Schedule M1NC.
- Subtraction worksheets: Use the applicable worksheets for charitable contributions, Social Security benefits, K–12 education expenses, and volunteer mileage reimbursements. The charitable contribution worksheet also requires the Schedule M1SA instructions.
- Reciprocity refund documents: For line 18, include Schedule M1W, Form MWR, and a copy of your home state tax return.
How to file
- Enter your name and Social Security number on Schedule M1M.
- Complete the applicable addition and subtraction lines and any required worksheets or schedules.
- Add lines 1 through 9. Enter the total on line 10 and on line 2 of Form M1.
- Add lines 11 through 34. Enter the total on line 35 and on line 7 of Form M1.
- Include Schedule M1M and the required attachments with Form M1.
The supplied text does not give a mailing address or e-file directions.
Common mistakes
- Claiming the same education expense twice: You may not use the same expense for both the K–12 Education Credit and the education expense subtraction.
- Leaving out child information: For line 13, enter each child's name and grade at the time the expenses were paid.
- Subtracting benefits or pay twice: Do not include Railroad Retirement Board benefits on line 17 if already subtracted on line 12. Do not repeat active-duty pay from line 20 on line 21.
- Combining incompatible military tax benefits: If you claim the military pension subtraction, you may not claim the credit for past military service on Schedule M1C, line 4.
- Including an AmeriCorps work stipend: Line 26 is for post-service education awards, not stipends received while working in the program.
- Using the wrong sign: Enter the Schedule M1NC subtraction on line 34 as a positive number.
- Forgetting the schedule: You must include Schedule M1M with Form M1.
Questions people ask
Can I subtract charitable contributions without itemizing?
Yes, if you did not file Schedule M1SA and made charitable contributions of more than $500. Use the Worksheet for Line 11. The subtraction is 50% of allowable contributions above the first $500.
What are the K–12 education subtraction limits?
The maximum is $1,625 for each qualifying child in kindergarten through grade 6 and $2,500 for each qualifying child in grades 7 through 12. Qualifying personal computer hardware and educational software purchases have a separate limit of $200 per family.
What if I used a higher education savings account to pay K–12 tuition?
On line 6, enter the smaller of the total account distributions used for K–12 tuition or the total earnings reported on federal Form 1099-Q for the year.
Can I subtract the one-time refund for tax year 2021 on my 2024 schedule?
Line 33 covers the one-time refund for tax year 2021 reported on a 2024 Form 1099-MISC. You must have included the payment in federal adjusted gross income to subtract it.