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    4                                                                                       NEAR FINAL DRAFT 8/1/24                                                                            4
    5                                                                                                                                                                                          5
    6                                                                                                                                                       *241771*                           6
    7  2024 Schedule M1CD, Child and Dependent Care Credit                                                                                                                                     7
    8  If you received dependent care benefits, you must complete Parts 1 through 4. If you did not receive dependent care benefits, complete only Parts 1                                     8
    9  and 2. You cannot claim child and dependent care expenses if your filing status is Married Filing Separately, unless you meet the requirements listed in 9
    10 the instructions under “Married Persons Filing Separately.”                                                                                                                             10
    11                                                                                                                                                                                         11
    12 YOUR FIRST NAME, INITXXXX                                                                  YOUR LAST NAMEXXXXXXXXXXXXX                    999999999                                     12
    13 Your First Name and Initial                                                                 Your Last Name                                Your Social Security Number                   13
    14                                                                                                                                                                                         14
    15 X         Place an X in this box if you meet the requirements to claim the credit under “Married Persons Filing Separately” in the instructions.                                        15
    16                                                                                                                                                                                         16
    17 X                      Place an X in this box if you operate a licensed family day care home and are claiming the credit for your own child(ren).                                       17
    18                        Enter your day care license number: 123456789123456789                                                                                                           18
    19                                                                                                                                                                                         19
    20 X   Place an X in this box if you are claiming the credit for your child born in 2024.                                                                                                  20
    21                                                                                                                                                                                         21
    22 Part 1 — Table 1. Persons or organizations providing the care (if more than two care providers, see instructions)                                                                       22
    23   (a) Care Provider Name                                                 (b) Address                                                      (c) ID Number (SSN or FEIN) (d) Amount Paid   23
    24 NAME OF CAREGIVERXADDRESSXXXXXXXXXXXXXXXXXXXXXXXXXXX999999999                                                                                                         12345             24
    25 NAME OF CAREGIVERXADDRESSXXXXXXXXXXXXXXXXXXXXXXXXXXX999999999                                                                                                         12345             25
    26 Part 2 — Table 2. Credit for dependent care expenses: Information about qualifying persons                                                                                              26
    27 (If more than two qualifying persons, see instructions)                                                                                                                                 27
    28   (a) Qualifying Person Name                                             (b) Date of Birth (MM/DD/YYYY)      (c) ID Number (SSN)          (d) Qualifying Expenses                       28
    29                                                                                                                                                                                         29
       QUALIFYING PERSONX11223333                                                                                   999999999                                                12345
    30                                                                                                                                                                                         30
       QUALIFYING PERSONX11223333                                                                                   999999999                                                12345
    31                                                                                                                                           Round amounts to the nearest whole dollar.    31
    32   1                    Add the amounts in column (d) of Table 2. Do not enter more than $3,000 for one qualifying person                                                                32
    33                        or $6,000 for two or more qualifying persons. If you completed Part 4, enter the amount from line 32.  . . . .  . . . . . . .  .  1            12345678          33
    34                                                                                                                                                                                         34
    35   2  Enter your earned income (see instructions) .. ..... ...... ..... ...... ...... ..... ...... ..... ...... ....... .                                       2      12345678          35
    36   3                    If Married Filing Jointly, enter your spouse’s earned income.                                                                                                    36
    37                        If your spouse was a student or was disabled, see instructions. All others, enter the amount from line 2 . ...... ....                  3      12345678          37
    38                                                                                                                                                                                         38
    39   4                    Enter the smallest of 1, 2, or 3... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... ..... ...... ..  4                      12345678          39
    40                                                                                                                                                                                         40
    41   5                    Adjusted gross income (see instructions) .... ...... ...... ..... ..... ...... ...... ..... ....... ..... ..... ...   5                        12345678          41
    42                                                                                                                                                                                         42
    43   6                    Enter the decimal amount shown in Table 3 of the instructions that applies to the amount from line 5. ... ...... ...                  6        12345678          43
    44                                                                                                                                                                                         44
    45   7   Multiply line 6 by line 4. If you paid 2023 expenses in 2024, see the instructions .. ....... ...... ..... ...... .....                                  7      12345678          45
    46   8   If line 5 is $62,410 or less, skip line 8 and enter the amount from line 7 on line 9. If line 5 is greater than $62,410,                                                          46
    47                        enter the amount from step 6 of the Worksheet for Line 8    .... ......... ...... ....... ........ ......... .. 8                              12345678          47
    48   9   Enter the amount from line 7 or line 8, whichever is less                                                                                                                         48
    49                        Full-year residents: Enter the result here and on line 1 of Schedule M1REF.                                                                                      49
    50                        Enter the number of qualifying persons on line 1a of Schedule M1REF  .. ....... ........ ....... ........ .... 9                               12345678          50
    51 Part-Year Residents, Nonresidents, and American Indians Living on a Reservation                                                                                                         51
    52  10  If you are married, add lines 2 and 3. If you are single, enter the amount from line 2 ... ...... ..... ....... ....                                    10       12345678          52
    53                                                                                                                                                                                         53
    54  11                    Amount of income on line 10 taxable to Minnesota ... ...... ..... ....... ..... ...... ..... ..... ...... .....                       11       12345678          54
    55                                                                                                                                                                                         55
    56   12    Divide by11 line      line 10.  Enter the result as a decimal                      (carry to five decimal places)   ..... ...... ...... ..... ....12          12345678          56
    57  13     Multiply line 9 by line 12.  Enter the result here and on line 1 of Schedule M1REF.                                                                                             57
    58           Enter the number of qualifying persons on line 1a of Schedule M1REF..... ........ ....... ....... ........ ... 13                                           12345678          58
    59                                                                                                                                                                       Continued         59
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    63                                                                                                              9995                                                                       63
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    3                                                                                                                                                   3
    4  2024 Schedule M1CD, page 2                                                                                                                       4
    5                                                                                                                                                   5
    6                                                                                                                *241871*                           6
    7  Part 3 — Dependent Care Benefits                                                                                                                 7
    8   14  Enter the total amounts of dependent care benefits you received in 2024    (see instructions) .... ........ ... 14        12345678          8
    9                                                                                                                                                   9
    10  15  Enter the amount of benefits you carried over from 2023 and used in 2024 (see instructions)   ........ ..... 15           12345678          10
    11                                                                                                                                                  11
    12  16  Enter the amount you forfeited or carried forward to 2025 as a negative amount (see instructions) . ... ..... 16          12345678          12
    13                                                                                                                                                  13
    14  17  Combine lines 14 through 16  .... ........ ....... ........ ....... ........ ........ ........ ........ 17                12345678          14
    15                                                                                                                                                  15
    16  18  Enter the total amount of qualified expenses incurred in 2024 for the care of the qualifying person(s)  ...... 18         12345678          16
    17                                                                                                                                                  17
    18  19  Enter the smaller of line 17 or 18   ........ ....... ....... ......... ...... ......... ........ ........ 19             12345678          18
    19                                                                                                                                                  19
    20  20  Enter your earned income (see instructions) .... ........ ....... ....... ........ ........ ........ .... 20              12345678          20
    21                                                                                                                                                  21
    22  21  Enter the amount from the instructions based on your filing status (see instructions).... ........ ....... .. 21          12345678          22
    23                                                                                                                                                  23
    24  22  Enter the smallest of lines 19, 20, or 21.... ........ ....... ....... ........ ........ ........ ........ 22             12345678          24
    25  23  Enter $5,000 ($2,500 if Married Filing Separately and you were required to enter                                                            25
    26      your spouse’s earned income on line 21).... ........ ....... ........ ....... ......... ....... ....... 23                12345678          26
    27                                                                                                                                                  27
    28  24  Enter the total amount from line 14 and line 15 that was from your sole proprietorship or partnership.  . .... 24         12345678          28
    29      If you entered an amount on line 24, check this box:  X                                                                                     29
    30                                                                                                                                                  30
    31  25  Subtract line 24 from line 17. . ........ ........ ...... ........ ........ ....... ........ ......... ... 25             12345678          31
    32                                                                                                                                                  32
    33  26  Deductible benefits: Enter the smaller of line 22, 23, or 24.... ........ ....... ....... ....... ......... 26            12345678          33
    34                                                                                                                                                  34
    35  27  Excluded benefits: If you did not check the box on line 24, enter the smaller of line 22 or line 23.                                        35
    36      Otherwise, subtract line 26 from the smaller of line 22 or line 23. If zero or less, enter 0   ....... ....... ... 27     12345678          36
    37                                                                                                                                                  37
    38 Part 4 —  Complete lines 28 through 32 to claim the child and dependent care credit in Part 2                                                    38
    39  28  Enter $3,000 ($6,000 if two or more qualifying persons) .... ........ ....... ....... ........ ........ .. 28             12345678          39
    40                                                                                                                                                  40
    41  29  Add lines 26 and 27   . ....... ........ ....... ........ ......... ...... ........ ......... ........ .. 29              12345678          41
    42                                                                                                                                                  42
    43  30  Subtract line 29 from 28. If zero or less, STOP HERE. You do not qualify.                                                                   43
    44      If you paid 2023 expenses in 2024, see the instructions for line 7.  .... ........ ....... ....... ........ .. 30         12345678          44
    45                                                                                                                                                  45
    46  31  Complete the Table 2 for expenses of qualifying persons on page 1.                                                                          46
    47      Do not include any amount in qualifying expenses in column (d) which are included on line 29.                                               47
    48      Enter the total of column d on line 31 ........ ....... ....... ........ ....... .. ...... ......... ..... 31             12345678          48
    49                                                                                                                                                  49
    50  32  Enter the smaller of line 30 or 31. Also, enter this amount on line 1 to claim                                                              50
    51      the Dependent Care Credit in Part 2.... ........ ....... ....... ........ ......... ....... ........ ... 32               12345678          51
    52                                                                                                                                                  52
    53 Include this schedule with your Form M1.                                                                                                         53
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