Child tax cred­it: Direct pay­ment worth $1,750 to be sent to Min­neso­ta fam­i­lies in 2024

While the Biden administration’s month­ly child tax cred­it to help fam­i­lies with the costs of rais­ing chil­dren has end­ed, mul­ti­ple states are issu­ing their own ver­sions of the child tax cred­it.
Eli­gi­ble Min­neso­ta fam­i­lies will receive a direct pay­ment worth $1,750 from the state’s child tax cred­it pro­gram in 2024. The Gopher State, along with Ore­gon and Utah, cre­at­ed new child tax cred­its this year, while law­mak­ers in sev­en oth­er states expand­ed exist­ing cred­its. Min­neso­ta passed bills to pro­vide advanced pay­ments through­out the year rather than a one-time lump sum to fam­i­lies.
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In Min­neso­ta, the new refund­able cred­it is worth $1,750 per child under 18 for house­holds with incomes below $29,500 for sin­gle fil­ers and $35,000 for mar­ried fil­ers. The cred­it is avail­able for those fil­ing with an indi­vid­ual tax­pay­er iden­ti­fi­ca­tion num­ber or Social Secu­ri­ty num­ber. Both the cred­its and brack­ets are index …