Form Dcac - Dependent Care Assistance Credits - 2006
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12006 Dependent Care Assistance Credits
MONTANA
DCAC
Rev. 11-06
Name (as it appears on your tax return)________________________________________________________
Your Social Security Number or Federal Employer Identification Number______________________________
If this credit is a pass-through to you from a partnership or S. corporation indicate the name, FEIN and your
percentage of ownership in the partnership or S. corporation.
0%
Name___________________________________________ FEIN_______________% of Ownership________
Day Care Facilities Credit (15-30-130 and 15-31-133, MCA)
1 Enter here the number of dependents that your day care facility is designed to accommodate. If this
...................................................................
number is less than 6, you cannot take this credit
1
.....................................
2 Multiply the number on line 1 above by $2,500 and enter the result here
2
3 Enter your cost of acquisition, construction, reconstruction, renovation or other improvements here
.....................................................................
(see the instructions for determining your cost)
3
..................................
4 Multiply the amount on line 3 above by .15 (15%) and enter the result here
4
..................................................................
5 Enter the smaller of line 2, line 4, or $50,000 here
5
th
....
6 Divide line 5 by ten and enter the result here. (You are entitled to only 1/10
of the credit yearly)
6
.....................................................
7 Enter any carryover amounts from previous tax year(s) here
7
......................
8 Add lines 6 and 7 and enter the result here. This is your day care facilities credit
8
You are required to attach supporting documentation showing that the person who operated your
day care facility on the last day of your tax year is licensed or registered to operate your facility.
Dependent Care Assistance Credit (15-30-186 and 15-31-131, MCA)
.........
9 Enter here the total amount of dependent care assistance that you furnished your employees
9
...................................
10 Enter here the total number of employees who were provided this service
10
11 Divide the amount on line 9 by the number on line 10 and enter that result or $6,300, whichever is
..........................................................................................................................
smaller
11
.....
12 Multiply the amount on line 11 by .25 (25%) and enter that result or $1,575, whichever is smaller
12
13 Multiply the amount on line 12 by the amount on line 10 and enter the result here. This is your
.....................................................................................
dependent care assistance credit
13
Dependent Care Information and Referral Service Credit (15-30-186 and 15-31-131, MCA)
14 Enter here the total amount that you paid or incurred during the year for providing information and
.....................................................................................
referral services to your employees
14
15 Multiply the amount on line 14 by .25 (25%) and enter the result here. This is your dependent
.......................................................................
15
care information and referral service credit
Combined Credits
16 Add the amounts on lines 8, 13 and 15. This is your combined dependent care assistance
credit. Enter here and on Form 2, Schedule V, line 18 for individuals; Form CLT-4, Schedule C, line
4 for C. corporations, Form PR-1, Schedule II, line 1 for Partnerships or Form CLT-4S, Schedule II,
...........................
line 1 for S. corporations. Your combined credit cannot exceed your tax liability
16
When you file your Montana income tax return electronically, you represent that you have retained all documents
110
required as a tax record and that you will provide a copy to the department upon request.
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