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Form 150-101-197 Worksheet OR-WFHDC Working Family Household and Dependent Care Credit for Prior Year Expenses - Oregon
What Is Form 150-101-197 Worksheet OR-WFHDC?
This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form 150-101-197?A: Form 150-101-197 is a worksheet for calculating the Working Family Household and Dependent Care Credit for prior year expenses in Oregon.
Q: What is the Working Family Household and Dependent Care Credit?A: The Working Family Household and Dependent Care Credit is a tax credit that helps eligible taxpayers in Oregon offset the costs of dependent care expenses.
Q: Who is eligible for the Working Family Household and Dependent Care Credit?A: To be eligible for the credit, taxpayers must have earned income, be responsible for the care of a qualifying individual, and have incurred qualifying dependent care expenses.
Q: What are qualifying dependent care expenses?A: Qualifying dependent care expenses include expenses paid for the care of a qualifying individual, such as daycare or after-school care expenses.
Q: How can I claim the Working Family Household and Dependent Care Credit?A: To claim the credit, taxpayers must complete Form 150-101-197 and include it with their Oregon state tax return.
Q: Is the Working Family Household and Dependent Care Credit refundable?A: No, the credit is not refundable. It can only be used to offset Oregon state tax liability.
Q: Are there any income limits for claiming the credit?A: Yes, there are income limits for claiming the credit. The limits vary depending on the taxpayer's filing status.
Q: Can I claim the credit for expenses incurred in a prior year?A: Yes, Form 150-101-197 is used to calculate the credit for prior year expenses.
Q: Are there any restrictions on who can provide the dependent care?A: Yes, the care must be provided by someone other than the taxpayer or their spouse. There are also restrictions on care provided by certain relatives and household members.
Form Details:
- Released on September 10, 2019;
- The latest edition provided by the Oregon Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 150-101-197 Worksheet OR-WFHDC by clicking the link below or browse more documents and templates provided by the Oregon Department of Revenue.
Download Form 150-101-197 Worksheet OR-WFHDC Working Family Household and Dependent Care Credit for Prior Year Expenses - Oregon
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