You may use this form to calculate your dependent care assistance credit.
Eligibility
An employer carrying on a business, trade, occupation or profession in Montana
Qualifying Expenditures
Expenses paid or incurred for one of the following:
- Providing dependent care assistance by a registered or licensed day-care provider to an employee or on an employee’s behalf
- Providing information and referral services to help employees with getting dependent care.
- Daycare facilities acquired by an employer and operating before January 1, 2006.
Benefit
- Dependent Care Assistance
- 25% of the cost for providing assistance up to $1,575 per employee
- Dependent Care Information
- 25% of the costs for providing information and referral services
- Day-care Facilities
-
The lesser of
- $2,500 per dependent the facility accommodates at the end of the first tax year the credit is claimed
- 15% of the costs of acquiring, building, reconstructing, renovating or other improvements
- $50,000
Carry Over
Dependent care assistance and information credits can be carried forward up to five years. Day-care facility credit can be carried over up to nine years, but only 10% of the credit can be claimed in the first tax year.