In: Accounting
Which of the following taxpayers are eligible for the Minnesota Marriage Credit?
Marsha earned $32,000, and Glen earned $24,000. They will file a joint return.
Jerome and Velma are married but will file separately for 2019.
Luther and Muriel both work and have earned income. Luther earned $34,000, and Muriel earned $26,000.
Delbert and Mamie have a total joint taxable income of $38,650.
In order to be eligible for Minnesota Marriage Credit, the following conditions must be fulfilled:-
Keeping in view these conditions:-
They have Total Joint taxable income more than $39000, but the lesser earning spouse's income is less than $25000, so not eligible.
Provided they are married, but they are filing returns separately, so they're not eligible.
They have successfully complied all the above conditions required for obtaining Minnesota Marriage Credit, so they are eligible.
They have not Joint Taxable Income of $39000 earned during the year, so are not eligible.