This study extends our previous work on droplet generation in microfluidic T-junction generators to include dynamic interfacial tension effects created by the presence of surfactants. In Paper I [T. Glawdel, C. Elbuken, and C. L. Ren, Phys. Rev. E 85, 016322 (2012)], we presented experimental findings regarding the formation process in the squeezing-to-transition regime, and in Paper II [T. Glawdel, C. Elbuken, and C. L. Ren, Phys. Rev. E 85, 016323 (2012)] we developed a theoretical model that describes the performance of T-junction generators without surfactants. Here we study dynamic interfacial tension effects for two surfactants, one with a small molecular weight that adsorbs quickly, and the other with a large molecular weight that adsorbs slowly. Using the force balance developed in Paper II we extract the dynamic interfacial tension from high speed videos obtained during experiments. We then develop a theoretical model to predict the dynamic interfacial tension in microfluidic T-junction generators as a function of the surfactant properties, flow conditions, and generator design. This model is then incorporated into the overall model for generator performance to effectively predict the size of droplets produced when surfactants are present.