Form MO-SCC Shared Care Tax Credit - Missouri

What Is Form MO-SCC?

This is a legal form that was released by the Missouri Department of Revenue - a government authority operating within Missouri. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is MO-SCC Shared Care Tax Credit?
A: MO-SCC Shared Care Tax Credit is a tax credit available to Missouri taxpayers who contribute to a qualified educational assistance organization.

Q: Who is eligible for MO-SCC Shared Care Tax Credit?
A: Individuals, corporations, or fiduciaries who contribute to a qualified educational assistance organization in Missouri are eligible for MO-SCC Shared Care Tax Credit.

Q: How much tax credit can I claim for MO-SCC Shared Care Tax Credit?
A: The tax credit amount for MO-SCC Shared Care Tax Credit is 50% of the amount contributed, up to a maximum of $500 for individuals or $1,000 for married couples filing jointly.

Q: How do I claim MO-SCC Shared Care Tax Credit?
A: To claim MO-SCC Shared Care Tax Credit, you need to complete and file Form MO-SCC along with your Missouri state tax return.

Q: Is MO-SCC Shared Care Tax Credit refundable?
A: No, MO-SCC Shared Care Tax Credit is not refundable. It can only be used to reduce your Missouri state tax liability.