Vermont Income Tax Return
Vermont Income Tax Return with Earned Income Tax Credit
| Complete |
Task |
| |
Full-Time Resident |
| |
Complete federal income tax return and federal earned income tax schedule and/or worksheet |
| |
Complete VT Schedule IN-112 (VERMONT EARNED INCOME TAX CREDIT Section) |
| |
Complete VT Form IN-111 |
| |
Part-Year Resident |
| |
Complete federal income tax return |
| |
See “VT Income Tax Return” for any items that apply |
| |
Complete VT Schedule IN-113 before VT Schedule IN-112 (VERMONT EARNED INCOME TAX CREDIT Section) |
| |
Complete VT Schedule IN-112 (VERMONT EARNED INCOME TAX CREDIT Section) |
| |
Complete VT Form IN-111 |
Vermont Income Tax Return with Non-VT State & Local Obligations, Bonus Depreciation and/or Add Back State & Local Income Taxes
| Complete |
Task |
| |
Complete federal income tax return |
| |
If federal Taxable Income is zero, calculate the loss amount by subtracting Form 1040 Line 8 from Line 7 |
| |
Complete VT Schedule IN-112 (Part I for non-VT state & local obligations) |
| |
Complete your worksheet to determine the difference between bonus depreciation and depreciation on a regular MACRS schedule. The difference is the entry. |
| |
Complete add-back state & local income taxes |
| |
Complete VT Form IN-111 |
Vermont Income Tax Return with Interest Income from U.S. Obligations, Capital Gain Exclusion and/or Bonus Depreciation
| Complete |
Task |
| |
Complete federal income tax return |
| |
If federal taxable income is zero, calculate the loss amount by subtracting Form 1040 Line 8 from Line 7 |
| |
Complete IN-153 for Capital Gain Exclusion |
| |
Complete IN-112 (Part I) including interest income from U.S. Obligations |
| |
Complete your worksheet to determine the difference between federal depreciation on equipment where bonus depreciation is taken and depreciation on a regular MACRS schedule. The difference is the entry |
| |
Complete VT Form IN-111 |
Vermont Income Tax Return with Additions to VT Income Tax
| Complete |
Task |
| |
Complete federal income tax return |
| |
Complete VT Form IN-111 up to Line 1 |
| |
Complete VT Schedule IN-112 (Part I) |
| |
Complete VT Form IN-111 |
Vermont Income Tax Return with Subtractions from VT Income Tax
| Complete |
Task |
| |
Complete federal income tax return |
| |
Complete VT Form IN-111 up to Line 1 |
| |
Complete VT Schedule IN-112 (Part I) |
| |
Complete VT Form IN-111 |
Vermont Income Tax Return with Adjustment to Vermont Income Tax
| Complete |
Task |
| |
Complete federal income tax return |
| |
Complete VT Form IN-111 up to Line 15 |
| |
Complete VT Schedule IN-113 |
| |
Part I is for non-residents and some part-year residents |
| |
Part II is for reporting VT Exempt Income |
| |
Complete VT Form IN-111 |
Vermont Income Tax Return with Credit for Income Tax Paid in Another State or Canadian Province
| Complete |
Task |
| |
Complete federal income tax return |
| |
Complete tax return(s) for other state or province |
| |
Complete IN-112 (Part I) |
| |
Complete VT Form IN-111 up to Line 17 |
| |
Complete VT Schedule IN-117 |
| |
VT Schedule IN-117 result on VT Form IN-111, Line 17 |
| |
Complete VT Form IN-111 |
Vermont Income Tax Return
Vermont Income Tax Return with Vermont Tax Credits
| Complete |
Task |
| |
Complete federal income tax return |
| |
Complete VT Form IN-111 up to Line 25c |
| |
Complete VT Schedule IN-112 (Part II) |
| |
Complete VT Schedule IN-119 (if required) |
| |
If only tax credits from VT Schedule IN-112, enter the amount on VT Form IN-111 Line 25c |
| |
If tax credits require VT Schedule IN-119, transfer VT Schedule IN-112 information to VT Schedule IN-119 |
| |
Enter VT Schedule IN-119 result on VT Form IN-111, Line 18 |
| |
VT Form IN-111 |
Homestead Declaration
You must file a Homestead Declaration annually by the April filing deadline to avoid late penalties from your town. No Homestead Declarations can be accepted after the October filing deadline.
| Complete |
Task |
| |
Obtain the School Property Account Number (SPAN) from property tax bill |
| |
Complete VT Form HS-122 (Section A) |
| |
File by the April filing deadline to avoid late penalties from your town |
Property Tax Credit
Claims are due annually by the April filing deadline but may be filed up to the October filing deadline. . Generally, claims cannot be accepted after the October filing deadline.”
| Complete |
Task |
| |
Obtain information from the property tax bill |
| |
Complete federal income tax return (if required to file) |
| |
Complete VT Schedule HI-144, Household Income |
| |
Complete all sections of VT Form HS-122 |
| |
File by the April filing deadline |
Renter Credit
Claims may be filed up to the October filing deadline. No claims can be accepted after the October filing deadline. The Renter Credit may be directly refunded or used as a credit towards your Vermont income tax liability. File the Renter Credit Claim, VT Form RCC-146, with the Vermont income tax return, Vermont Form IN-111. To credit it toward your tax liability, mark Yes in the box labeled, "Will you be using your Renter Credit to pay your income tax liability?"
The Renter Credit Claim may also be fined at a different time than the income tax return.
| Complete |
Task |
| |
Find your School Property Account Number (SPAN). This number is required. Search for it based on your rental address on December 31 or the last place you rented in the filing year. |
| |
Complete federal income tax return (if required to file) |
| |
Complete form RCC-146, Vermont Renter Credit Claim |
| |
File by the April filing deadline |
