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Change to calculation for lower income motor fuels tax credit Taxpayers whose taxable net income is less than or equal to $33,220 for married filers, $22,730 for single filers, $27,980 for head of household filers and $16,610 for married filing separate filers are eligible for the refundable Minnesota lower income motor fuels tax credit.
In calculating taxable net income, taxpayers start with their federal taxable income. They then make Minnesota’s statutory required additions and subtractions to income. The result is their taxable net income. Since the Minnesota subtractions from income for federally taxable Railroad Retirement Board benefits and for reservation income of Indians are not statutory, but instead arise solely by operation of federal law, taxpayers are not allowed to subtract federally taxable reservation income or Railroad Retirement Board benefits when calculating their lower income motor fuels tax credit. As a result, the instructions to Step 1 of the “Worksheet for line 30, Lower income motor fuels tax credit,” which is found on page 17 of the 2009 M1 Instruction booklet, should read: The amount from line 10 of your 2009 Form M1 plus any amounts from lines 21 or 23 of Schedule M1M. For additional information, see Lower income motor fuels tax credit.
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