You can claim the tax credit by filing a 2023 income tax return. The $1,750 credit is for each child 17 years old and younger, with no limit on the number of children. For all tax filers, this credit begins to phase out at an income level of $35,000 and fully phases out at a maximum of $90,750 for a family with four children. Let me know if you have any questions about how to claim this tax credit, my office and I are here to help you. You can learn more about the tax credit here. Breakthroughs on Affordable InsulinAccess to affordable insulin is another issue I’ve heard about my entire career in public service. I even held a town hall dedicated to the topic during my first term in office. Since then, I helped pass the Alec Smith Insulin Affordability Act, a bill I co-authored to ensure our neighbors with diabetes can get an affordable emergency supply of live-saving insulin when they’re in a dire need. This was yet another example of Minnesota leading the pack on crucial legislation, and we didn’t stop there. Earlier this month, Attorney General Keith Ellison announced a landmark settlement with the Eli Lily insulin company that caps insulin at just $35 for the next 5 years. Drug companies raised the price of insulin by over 1,100% between 1990 and 2020 (yes, you read that right, 1,100%!) and this settlement ensures that Minnesotans can afford their lives and live with dignity, safety, and respect. |