Schedule M1PSC Credit for Parents of Stillborn Children - Minnesota

What Is Schedule M1PSC?

This is a legal form that was released by the Minnesota Department of Revenue - a government authority operating within Minnesota. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the Schedule M1PSC Credit?A: The Schedule M1PSC Credit is a tax credit available to parents of stillborn children in Minnesota.

Q: Who is eligible for the Schedule M1PSC Credit?A: Parents who experienced a stillbirth in Minnesota are eligible for the Schedule M1PSC Credit.

Q: How much is the Schedule M1PSC Credit?A: The Schedule M1PSC Credit is $2,000 per stillborn child.

Q: What documents are required to claim the Schedule M1PSC Credit?A: To claim the credit, you will need to provide a copy of the fetal death certificate and any other documentation required by the Minnesota Department of Revenue.

Q: How do I claim the Schedule M1PSC Credit?A: You can claim the Schedule M1PSC Credit by filling out Schedule M1PSC and attaching it to your Minnesota income tax return.

Q: Can the Schedule M1PSC Credit be carried forward or transferred?A: No, the Schedule M1PSC Credit cannot be carried forward to future years or transferred to another taxpayer.

Q: Is the Schedule M1PSC Credit refundable?A: Yes, the Schedule M1PSC Credit is refundable, which means it can reduce your tax liability and provide a refund if the credit exceeds your tax liability.