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Missouri tax credit carryover

There doesn't seem to be a place to enter Missouri charitable contribution tax credit carryovers from previous years.  

I don't mean charitable contributions.  I mean specialty credits applied to some % of the total contribution to a qualified charity, such as Food Pantries or Children's homes.  

New credits go on MO-TC.   But where do carryover credits go? 

Thanks for your help!

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1 Best answer

Accepted Solutions
ThomasM125
Employee Tax Expert

Missouri tax credit carryover

It is up to you to calculate the credit available for the current year, to include any carryover credit available from previous years. You enter the credit on the screen in TurboTax in the Missouri state tax section that says Choose the Credit. You will notice there is a learn more link on that page you can click on to read about each available credit, which includes a reference to where you can find information to calculate the credit. If you have a carryover of unused credit that you are entitled to in the current year, you would include that amount in your entry of the credit available for the current year. My review of Form MO-TC indicates that you include the carryover credit amount with the current year credit.

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1 Reply
ThomasM125
Employee Tax Expert

Missouri tax credit carryover

It is up to you to calculate the credit available for the current year, to include any carryover credit available from previous years. You enter the credit on the screen in TurboTax in the Missouri state tax section that says Choose the Credit. You will notice there is a learn more link on that page you can click on to read about each available credit, which includes a reference to where you can find information to calculate the credit. If you have a carryover of unused credit that you are entitled to in the current year, you would include that amount in your entry of the credit available for the current year. My review of Form MO-TC indicates that you include the carryover credit amount with the current year credit.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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