Get Mo Mo-cr 2023-2025

The MO MO-CR form is essential for individuals claiming a credit for income taxes paid to other states or political subdivisions. This guide provides clear, step-by-step instructions to help users fill out this form accurately and efficiently.

Follow the steps to complete the MO MO-CR form online.

1. Click ‘Get Form’ button to access the form and open it in the editor.
2. Provide your name and social security number in the designated fields at the top of the form.
3. If applicable, enter your spouse’s name and social security number.
4. Indicate if you are claiming a resident credit as a shareholder of an S corporation. If so, complete MO-CR, Schedule 1.
5. For Line 1, enter the claimant’s total adjusted gross income as reported on Form MO-1040, Line 5Y and Line 5S.
6. On Line 2, input your Missouri income tax using the two-letter abbreviation for the state or name of the political subdivision.
7. Fill in Line 3 with the wages and commissions received, specifying amounts for both you and your spouse.
8. Describe any other income on Line 4 and provide the total amount for both you and your spouse.
9. Add the amounts from Lines 3 and 4 for the total on Line 5.
10. On Line 6, input any federal adjustments from Federal Form 1040 or 1040-SR.
11. Complete Line 7 by subtracting Line 6 from Line 5 for the net amounts.
12. Calculate the percentage of your income taxed for Line 8 by dividing Line 7 by Line 1.
13. To find the maximum credit, multiply Line 2 by the percentage on Line 8 for Line 9.
14. Document the income tax imposed by another state or political subdivision on Line 10.
15. On Line 11, enter the smaller amount from Line 9 or Line 10, finalizing your credit.
16. Once you complete all entries, review the form for accuracy and then save changes, download, print, or share the form as necessary.

Take action now and complete your MO MO-CR form online to ensure you receive the credits you're entitled to.