Get Mt Dor Dcac 2019-2025

Filling out the Montana Department of Revenue Dependent Care Assistance Credit (MT DoR DCAC) form online can be straightforward with the right guidance. This guide will walk you through each section of the form, ensuring that you understand how to complete it accurately and effectively.

Follow the steps to complete the MT DoR DCAC form.

1. Click ‘Get Form’ button to access the MT DoR DCAC and open it for editing.
2. Enter your name exactly as it appears on your Montana tax return in the designated field.
3. Input your Social Security Number or Federal Employer Identification Number in the respective spaces provided.
4. In Part I, if you are a partner in a partnership or a shareholder of an S corporation, enter your portion of the dependent care assistance credit along with the business name and Federal Employer Identification Number.
5. Move to Part II. In line 1, input the total amount of dependent care assistance you provided to your employees. On line 2, enter the total number of employees who received the assistance.
6. Calculate the amount on line 3 by dividing the total on line 1 by the number on line 2, entering the lower value of that result or $6,300.
7. For line 4, multiply the amount from line 3 by 0.25 and enter the lesser of that result or $1,575.
8. For line 5, multiply the amount from line 4 by the number of employees indicated in line 2 and enter the result as your dependent care assistance credit.
9. In Part III, enter on line 1 the total amount you paid for providing information and referral services. On line 2, calculate and enter 25% of that amount for your information and referral services credit.
10. In Part IV, add the amounts from Part II line 5 and Part III line 2 to determine your combined dependent care assistance credit. Ensure this total does not exceed your tax liability.
11. Review all entries for accuracy. Once finalized, you can save your changes, download the form, print it, or share it as needed.

Complete your documents online with confidence and ensure all necessary credits are claimed.