Get Mo Mo-cr 2021-2026

The MO MO-CR form is essential for Missouri residents who have income from other states or political subdivisions. This guide provides clear and supportive steps to help users fill out the form accurately and efficiently.

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

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your name and Social Security Number in the designated fields. If applicable, also include your spouse’s name and Social Security Number.
3. For Line 1, provide the total adjusted gross income by referring to Form MO-1040, Lines 5Y and 5S.
4. On Line 2, enter the Missouri income tax from Form MO-1040, Lines 28Y and 28S. If your income is from a political subdivision, you can either write the two-letter abbreviation or the full name.
5. For Lines 3 and 4, detail any wages, commissions, and other income received from the other state(s) and enter this information accordingly. Describe any other income in the space provided.
6. On Line 5, total the amounts from Lines 3 and 4. This amount reflects the overall income from other states.
7. For Line 6, input any related adjustments from Federal Form 1040 or 1040-SR, specifically from Line 10.
8. Calculate the net amount on Line 7 by subtracting Line 6 from Line 5, and enter this value.
9. For Line 8, compute the percentage of your income taxed by dividing Line 7 by Line 1 and inputting the result. Ensure that if the percentage exceeds 100, you enter 100.
10. In Line 9, multiply the amount from Line 2 by the percentage calculated in Line 8. This provides the maximum credit available.
11. On Line 10, enter the actual income tax you paid to another state or political subdivision. Ensure this amount reflects any applicable reductions from credits, excluding withholding and estimated tax.
12. For Line 11, determine the smaller amount between the results from Line 9 and Line 10. This amount represents your Missouri resident credit and should be recorded on Form MO-1040, Lines 29Y and 29S.
13. After completing all required fields, save your changes, and you may also choose to download, print, or share the form as needed.

Complete your MO MO-CR form online to ensure your tax credit is processed efficiently.