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Missouri Free Printable Form MO-SHC - 2018 Self-Employed Health Insurance Tax Credit for 2020 Missouri Self-Employed Health Insurance Tax Credit

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Self-Employed Health Insurance Tax Credit
Form MO-SHC - 2018 Self-Employed Health Insurance Tax Credit

Reset Form Print Form Department Use Only (MM/DD/YY) Form MO-SHC 2019 Self-Employed Health Insurance Tax Credit *19320010001* 19320010001 Social Security Number Taxpayer Name Spouse’s Social Security Number - - - Spouse’s Name Qualifications and Instructions If you are a self-employed individual and were not able to deduct all of your health care premiums from your federal adjusted gross income, you may be eligible for a tax credit equal to the portion of your federal tax liability incurred due to the inclusion of your health care premiums in your federal adjusted gross income. The self-employed health insurance tax credit is refundable. Calculate your tax credit by using either method below and enter the total on the Miscellaneous Income Tax Credits (Form MO-TC). Self-employed individuals with itemized deductions are limited on their federal return because their federal adjusted gross exceeded income the limits established by the Internal Revenue Service should use the Regular Method. If you are filing a combined return, and both spouses were self-employed and paid health insurance premiums, combine the amounts paid by both spouses when calculating your credit. Short Method 1. Federal taxable income from Federal Form 1040 or Federal Form 1040-SR, Line 11b. . . . . . . . . . . . . . . . . . . . . 1 . 00 2. Amount you paid for health insurance premiums which were included in federal adjusted gross income. . . . . . . . 2 . 00 3. Subtract Line 2 from Line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . 00 4. Calculate an adjusted federal tax by comparing the amount on Line 3 with the federal tax tables . . . . . . . . . . . . . 4 . 00 5. Federal tax from your Federal Form 1040 or Federal Form 1040-SR, Line 12a.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 . 00 6. Subtract Line 4 from Line 5. This is your self-employed health insurance tax credit. Report on Form MO-TC . . . . 6 . 00 1. Federal adjusted gross income from Federal Form 1040 or Federal Form 1040-SR, Line 8b. . . . . . . . . . . . . . . . . . 1 . 00 2. The amount you paid for health insurance premiums which were included in your federal adjusted gross income. 2 . 00 3. Subtract Line 2 from Line 1. This is your revised federal adjusted gross income. . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . 00 4. Enter your standard or itemized deductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 . 00 5 . 00 Enter the adjusted amount here. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 . 00 7. If you paid an alternative minimum tax, use the revised federal adjusted gross income from Line 4 on this worksheet to recalculate the tax calculated on Form 6251, and enter the revised amount.. . . . . . . . . . . . . . . . . . . . 7 . 00 8. Add Lines 6 and 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 . 00 Regular Method 5. Subtract Line 4 from Line 3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. Calculate an adjusted federal tax by computing the amount on Line 5 with the federal tax tables. Regular Method (Continued From Page 1) 9. If you reduced your tax by any of the credits listed on Federal Schedule 3, use the revised federal adjusted gross income from Line 3 on this worksheet to recalculate each of the credits to which you are eligible, and . enter the total of all the credit amounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 . 00 10. Subtract Line 9 from Line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 . 00 11. Total from Federal Schedule 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 . 00 12. Add Lines 10 and 11.  This is your revised federal tax liability. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 . 00 13. Amount from Federal Form 1040 or Federal Form 1040-SR, Line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 . 00 14. Subtract Line 12 from Line 13.  This is your self-employed health insurance tax credit. Report on Form MO-TC. 14 . 00 *19320020001* 19320020001 This form, pages one and two of Federal Form 1040, and Federal Schedule C, if applicable, must be attached to the Miscellaneous Income Tax Credits (Form MO-TC) along with your tax return. Form MO-SHC (Revised 12-2019) Taxation Division P.O. Box 27 Jefferson City, MO 65105-0027 Phone: (573) 751-3220 Visit http://www.dor.mo.gov/personal/individual/ TTY: (800) 735-2966 for additional information. Fax: (573) 751-2195 E-mail: [email protected]
Extracted from PDF file 2019-missouri-form-mo-shc.pdf, last modified February 2019

More about the Missouri Form MO-SHC Individual Income Tax Tax Credit TY 2019

If you are a self-employed individual and were not able to deduct all of your health care premiums from your federal adjusted gross income, you may be eligible for a tax credit equal to the portion of your federal tax liability incurred due to the inclusion of your health care premiums in your federal adjusted gross income. The self-employed health insurance tax credit is refundable.

We last updated the Self-Employed Health Insurance Tax Credit in March 2020, so this is the latest version of Form MO-SHC, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form MO-SHC directly from TaxFormFinder. You can print other Missouri tax forms here.

Other Missouri Individual Income Tax Forms:

TaxFormFinder has an additional 61 Missouri income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form MO-1040 Individual Income Tax Return
Form MO-PTC Property Tax Credit Claim
Form MO-1040A Single/Married with One Income Tax Return
Form MO-1040V Individual Income Tax Payment Voucher
Form MO-1040ES Estimated Tax Declaration for Individuals

Download all MO tax forms View all 62 Missouri Income Tax Forms


Form Sources:

Missouri usually releases forms for the current tax year between January and April. We last updated Missouri Form MO-SHC from the Department of Revenue in March 2020.

Show Sources >

Form MO-SHC is a Missouri Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Missouri Form MO-SHC

We have a total of nine past-year versions of Form MO-SHC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form MO-SHC

Form MO-SHC - 2018 Self-Employed Health Insurance Tax Credit

2018 Form MO-SHC

Form MO-SHC - 2018 Self-Employed Health Insurance Tax Credit

2017 Form MO-SHC

Form MO-SHC - 2017 Self-Employed Health Insurance Tax Credit

2016 Form MO-SHC

Form MO-SHC - 2016 Self-Employed Health Insurance Tax Credit

2015 Form MO-SHC

Form MO-SHC - 2015 Self-Employed Health Insurance Tax Credit

Self-Employed Health Insurance Tax Credit 2014 Form MO-SHC

Form MO-SHC Self-Employed Health Insurance Tax Credit

Self-Employed Health Insurance Tax Credit 2013 Form MO-SHC

Form MO-SHC Self-Employed Health Insurance Tax Credit

2012 Form MO-SHC

MO-SCC Self-Employed Health Insurance Tax Credit

2011 Form MO-SHC

MO-SHC Self-Employed Health Care Insurance Tax Credit


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